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December 8th, 2020
Insight on Plan Design & Investment Strategy Every Weekday
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Market Mirror |
Yesterday, the Dow closed 148.47 points (0.49%) lower at 30,069.79, the NASDAQ gained 55.71 points (0.45%) to finish at 12,519.95, and the S&P 500 decreased 7.16 points (0.19%) to 3,691.96. The Russell 2000 climbed 55.20 points (3.01%) to 1,891.25, and the Wilshire 5000 was down 11.35 points (0.03%) at 38,692.87.
The price of the 10-year Treasury note was up 4/32, decreasing its yield to 0.930%. The price of the 30-year Treasury bond increased 1 2/32, bringing its yield down to 1.689%.
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ON THIS DATE: In 1886, at a convention of union leaders in Columbus, Ohio, the American Federation of Labor was founded. In 1941, President Franklin Roosevelt requested, and received, a declaration of war against Japan. In 1980, John Lennon, a former member of the Beatles, was shot and killed by an obsessed fan in New York City. In 1987, at a summit meeting in Washington, D.C., President Ronald Reagan and Soviet leader Mikhail Gorbachev signed the first treaty between the two superpowers to reduce their massive nuclear arsenals. In 1993, the North American Free Trade Agreement (NAFTA) was signed into law by President Bill Clinton. Clinton said he hoped the agreement would encourage other nations to work toward a broader world-trade pact. In 1997, the second largest bank was created with the announcement that Union Bank Switzerland and the Swiss Bank Corporation would merge.
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