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December 31st, 2020
Insight on Plan Design & Investment Strategy Every Weekday
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Cover
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The Case for a Process
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Litigation is an ever-present threat, but sponsors can lessen their plan’s exposure. 
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| Market Mirror |
Wednesday, the Dow closed 73.89 points (0.24%) higher at 30,409.56, the NASDAQ increased 19.78 points (0.15%) to 12,870.00, and the S&P 500 was up 5.00 points (0.13%) at 3,732.04. The Russell 2000 fell 23.96 points (1.20%) to 1,979.99, and the Wilshire 5000 gained 100.65 points (0.26%) to finish at 39,301.25.
The price of the 10-year Treasury note was up 1/32, decreasing its yield to 0.926%. The price of the 30-year Treasury bond increased 26/32, bringing its yield down to 1.661%.
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The Road Ahead
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What plan sponsors should evaluate once the immediate crisis ends.
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ON THIS DATE: In 1862, President Abraham Lincoln signed an act admitting West Virginia to the Union. In 1879, Thomas Edison gave his first public demonstration of incandescent lighting to an audience in Menlo Park, New Jersey. In 1891, New York’s new Immigration Depot was opened at Ellis Island, to provide improved facilities for the massive numbers of arrivals. In 1897, Brooklyn, New York, spent its last day as a separate entity before becoming part of New York City. In 1929, Guy Lombardo and his Royal Canadians played “Auld Lang Syne” as a New Year’s Eve song for the first time. In 1946, President Harry Truman officially proclaimed the end of hostilities in World War II. In 1985, former teen idol Rick Nelson died in plane crash in De Kalb, Texas. In 1999, the United States, in accordance with the Torrijos-Carter Treaties, officially handed over control of the Panama Canal, putting the strategic waterway into Panamanian hands for the first time.
Happy New Year, everyone! NewsDash will be back in your inbox Monday.
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