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February 10th, 2022
Insight on Plan Design & Investment Strategy Every Weekday
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| Economic Events |
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December sales of merchant wholesalers, except manufacturers’ sales branches and offices, after adjustment for seasonal variations and trading day differences but not for price changes, were $634.6 billion, up 0.2% from the revised November level and up 21.8% from the revised December 2020 level, the Census Bureau announced. The October to November percent change was revised from the preliminary estimate of up 1.3% to up 1.7%.
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| Market Mirror |
Wednesday, the Dow gained 305.28 points (0.86%) to finish at 35,768.06, the Nasdaq closed 295.92 points (2.08%) higher at 14,490.37, and the S&P 500 increased 65.64 points (1.45%) to 4,587.18. The Russell 2000 was up 38.13 points (1.86%) at 2,083.50, and the Wilshire 5000 climbed 745.40 points (1.64%) to 46,317.41.
The prices of the 10-year Treasury note and 30-year Treasury bond were up 1/32, decreasing their yields to 1.947% and 2.252%, respectively.
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ON THIS DATE: In 1846, their leader assassinated and their homes under attack, the members of the Church of Jesus Christ of Latter-day Saints (also known as Mormons) of Nauvoo, Illinois, began a long westward migration that eventually brought them to the valley of the Great Salt Lake in Utah. In 1870, the YWCA was founded in New York City. In 1933, the singing telegram was introduced by the Postal Telegraph Company of New York City. In 1935, the Pennsylvania Railroad began passenger service with its electric locomotive. In 1957, Laura Ingalls Wilder, author of the best-selling “Little House” series of children’s novels based on her childhood on the American frontier, died at age 90 in Mansfield, Missouri. In 1967, the 25th Amendment to the U.S. Constitution was ratified. The amendment required the appointment of a vice-president when that office became vacant and instituted new measures in the event of presidential disability. In 1989, Ron Brown became the first African American to head a major U.S. political party when he was elected chairman of the Democratic National Committee. In 1996, after three hours, world chess champion Garry Kasparov lost the first game of a six-game match against Deep Blue, an IBM computer capable of evaluating 200 million moves per second. In 2014, Shirley Temple Black, who as a child in the 1930s became one of Hollywood’s most successful stars, died at her Woodside, California, home at age 85.
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