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| Market Mirror | |
Friday, the Dow was up 46.97 points (0.26%) at 18,019.35, the NASDAQ climbed 36.22 points (0.75%) to 4,893.84, and the S&P 500 increased 8.51 points (0.41%) to 2,096.99. The Russell 2000 gained 6.86 points (0.56%) to finish at 1,223.13, and the Wilshire 5000 closed 98.58 points (0.45%) higher at 22,120.81. On the NYSE, 3.2 billion shares traded, and on the NASDAQ, 2.8 billion shares changed hands, with 1.7 advancing issues for every declining issue on both exchanges. The price of the 10-year Treasury note decreased 15/32, bringing its yield up to 2.037%. The price of the 30-year Treasury bond fell 1 14/32, increasing its yield to 2.645%. WEEK’S WORTH: For the week ending February 13, the Dow was up 1.09%, the NASDAQ climbed 3.15%, and the S&P 500 gained 2.03%. The Russell 2000 increased 1.47%, and the Wilshire 5000 finished 1.91% higher. | |
| Compliance | |
| Restaurant Accused of Refusing to Hire Older Workers | |
| Seasons 52, a national restaurant chain and one of the Darden restaurant brands, is facing a lawsuit by the U.S. Equal Employment Opportunity Commission (EEOC), alleging age discrimination in violation of the Age Discrimination in Employment Act (ADEA). The lawsuit accuses the business of refusing to hire older workers because of their age. In at least one case where a hire was not made, the applicant was told that the restaurant chain “wasn’t looking for old white guys.” Read more > | |
| Investing | |
| The BNY Mellon U.S. Master Trust Universe finds corporate plans recorded the highest median return (+2.36%) in Q4 2014, followed by Taft-Hartley plans (+1.56%). Senior Consultant for BNY Mellon’s global risk solutions group John Houser says, “Corporate funds outpaced other plan types with a return of +8.56%, getting a boost from their relative over-weighting of U.S. equity holdings.”Read more > | |
| Small Talk | |
| ON THIS DATE: In 1801, after one tie vote in the Electoral College and 35 indecisive ballot votes in the House of Representatives, Vice President Thomas Jefferson was elected the third president of the United States over his running mate, Aaron Burr. In 1933, Newsweek was first published. In 1965, comedienne Joan Rivers made her first guest appearance on “The Tonight Show starring Johnny Carson” on NBC-TV. In 1972, the 15,007,034th Volkswagen Beetle came off the assembly line, breaking a world car production record held for more than four decades by the Ford Motor Company’s iconic Model T, which was in production from 1908 to 1927. In 1996, in the final game of a six-game match, world chess champion Garry Kasparov triumphed over Deep Blue, IBM’s chess-playing computer, and won the match, 4-2. | |
| SURVEY SAYS: Celebrating Valentine’s Day | |
| Last week, I asked NewsDash readers, “Do you have plans to celebrate Valentine’s Day?” More than two-thirds (67.7%) of responding readers said they did have plans to celebrate Valentine’s Day, while 26% did not, and slightly more than 6% weren’t sure. The majority (62.9%) of readers who responded planned to spend Valentine’s with their spouse or partner, and 4.8% indicated they would spend celebrate Valentine’s with a boyfriend or girlfriend. Nearly 2% planned to spend it with their parents, 3.2% with children and 9.7% indicated they would spend Valentine’s with several family members. As far as gifts, half (50.9%) of responding readers said they would give their valentines a card, 15.1% planned on giving candy, and 5.7% were going to give flowers. Stuffed animals and clothes each were selected by nearly 2% of readers. For the commenter who said, “Gosh, I wish this survey was a week earlier so it could provide inspiration. All it’s doing for me now is heightening my level of stress,” hopefully this will help reduce your stress next year. Editor’s Choice goes to the reader who said: “This is Birthday Month! My husband knows to put all efforts into my birthday (which falls the week before V-Day) and none into the silly holiday.” You can read more to see why. Thanks to everyone who participated in the survey!Read more > | |
| TRIVIAL PURSUITS: Sorry, not this week. | |
| Share the good news with a friend! Pass the Dash along – and tell your friends/associates they can sign up for their own copy.Read more > | |
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Editorial: Alison Cooke Mintzer alison.mintzer@strategic-i.com
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