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December 30th, 2019
Insight on Plan Design & Investment Strategy Every Weekday
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| Economic Events |
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THE ECONOMIC WEEK AHEAD: Tomorrow, the Conference Board will release its Consumer Confidence Index for December. Thursday, the Labor Department will issue its initial claims report, and Friday, the Census Bureau will report about construction spending for November.
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| Market Mirror |
Friday, the Dow was up 23.87 points (0.08%) at 28,645.26, the NASDAQ decreased 15.77 points (0.17%) to 9,006.62, and the S&P 500 was virtually unchanged at 3,240.02. The Russell 2000 lost 8.64 points (0.51%) to finish at 1,669.03, and the Wilshire 5000 was down 29.79 points (0.09%) at 32,976.88.
The prices of the 10-year Treasury note and 30-year Treasury bond were each up 2/32, decreasing their yields to 1.878% and 2.318%, respectively.
WEEK’S WORTH: For the week ending December 27, the Dow finished 0.67% higher, the NASDAQ gained 0.91%, and the S&P 500 increased 0.58%. The Russell 2000 was down 0.17%, and the Wilshire 5000 was up 0.50%.
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ON THIS DATE: In 1853, James Gadsden, the U.S. minister to Mexico, and General Antonio Lopez de Santa Anna, the president of Mexico, signed the Gadsden Purchase in Mexico City. The treaty settled the dispute over the location of the Mexican border west of El Paso, Texas, and established the final boundaries of the southern United States. In 1922, the Union of Soviet Socialist Republics (USSR) was formed. In 1924, Edwin Hubble announced the existence of other galactic systems. In 1936, the United Auto Workers union staged its first sit-down strike, at the Fisher Body Plant in Flint, Michigan. In 1940, California’s first freeway was officially opened. It was the Arroyo Seco Parkway connecting Los Angeles and Pasadena. In 1953, the first color TV sets went on sale for about $1,175. In 1961, Jack Nicklaus lost his first attempt at pro golf to Gary Player in an exhibition match in Miami. In 1976, the Smothers Brothers, Tom and Dick, played their last show at the Aladdin Hotel in Las Vegas and retired as a team from show business. In 1980, “The Wonderful World of Disney” was cancelled by NBC after more than 25 years on the TV. It was the longest-running series in prime-time television history. In 1993, Israel and the Vatican established diplomatic relations.
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