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December 9th, 2024
Insight on Plan Design & Investment Strategy Every Weekday
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| ECONOMIC EVENTS |
Friday, Total nonfarm payroll employment rose by 227,000 in November, and the unemployment rate
changed little at 4.2%, the U.S. Bureau of Labor Statistics reported. Employment
trended up in health care, leisure and hospitality, government, and social assistance. Retail
trade lost jobs.
Thursday, the Department of Labor will issue its initial jobless claims report, and Freddie Mac will update average mortgage rates for the week.
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| MARKET MIRROR |
Friday, the Dow fell 123.19 points (0.28%) to close at 44,642.52, the Nasdaq rose 159.05 points (0.81%) to close at 19,859.77 and the S&P 500 rose 10.74 points (0.18%) to close at 6,085.85. The Russell 2000 rose 12.83 points (0.54%) to close at 2,408.99, and the FT Wilshire 5000 Index rose 140.92 (0.23%) to close 61,376.91.
The 10-year Treasury note increased 2/32, bringing to yield to 4.152%. The 30-year Treasury bond increased 1/31, bringing the yield to 4.335%.
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Deals and People
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Retirement Industry People Moves
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Prudential promotes Global Investment Leader Sullivan to CEO; Collins joins Alerus as retirement sales consultant; ERISA Attorney Haralampu joins the Boston Office of The Wagner Law Group; and more. 
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ON THIS DATE: In 1961, Tanganyika became independent, with Julius Nyerere as its first prime minister, and in 1964 the territory united with the island of Zanzibar to form Tanzania. In 1965, the animated special “A Charlie Brown Christmas,” featuring characters from Charles Schulz’s popular “Peanuts” comic strip, first aired on American television, and it became a holiday classic. In 1979, some 10 years after the World Health Organization began a global vaccination program against smallpox, the disease was officially declared eradicated. In 1990, Lech Wałęsa—who had led Solidarity, Poland’s first independent trade union, and had received the Nobel Prize for Peace in 1983—won Poland’s first direct presidential election by a landslide. The same year, Slobodan Milosevic was reelected president of Serbia as the head of the Socialist Party, formerly the League of Communists of Serbia. In 1998, the United Nations General Assembly declared antisemitism a form of racism. In 2016, South Korean President Park Geun-Hye was impeached by the National Assembly amid allegations of corruption; she left office the following year, after the country’s Constitutional Court upheld the parliamentary decision.
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