| | Market Mirror | An increase in oil prices led stocks higher, according to the Associated Press. The Dow gained 228.67 points (1.40%) to finish at 16,620.66, the NASDAQ closed 66.18 points (1.47%) higher at 4,570.61, and the S&P 500 increased 27.72 points (1.45%) to 1,945.50. The Russell 2000 was up 11.72 points (1.16%) at 1,021.73, and the Wilshire 5000 climbed 277.56 points (1.42%) to 19,829.85.
On the NYSE, 3.1 billion shares traded, with advancing issues outnumbering declining issues more than 3 to 1. On the NASDAQ, 2.7 billion shares changed hands with a more than 2 to1 lead for advancers.
The price of the 10-year Treasury note decreased 2/32, bringing its yield up to 1.755%. The price of the 30-year Treasury bond was down 1/32, increasing its yield to 2.609%. | | | Compliance | | Lawsuit Questions Plan’s Lack of Alternatives to Mutual Funds | | The lawsuit filed against Chevron Corporation also accuses the firm of not using its negotiating power to obtain lower investment and recordkeeping fees.Read more > | | RJR Handed a New Win in Stock Divestment Decision | | A district court agreed that a prudent fiduciary would have made the same decision to remove Nabisco stock from the RJR 401(k) plan.Read more > | | | From the Magazine | | Strategic Insight’s TDF Analysis | | Target-date mutual funds climbed to $755 billion by the close of 2015, driven by record-setting annual net cash flows of $67 billion.Read more > | | | Small Talk | | ON THIS DATE: In 1813, the first U.S. raw cotton-to-cloth mill was founded in Waltham, Massachusetts. In 1836, in San Antonio, Texas, the siege of the Alamo began. In 1861, Texas became the 7th state to secede from the Union. In 1870, the state of Mississippi was readmitted to the Union. In 1896, the Tootsie Roll was introduced by Leo Hirshfield. In 1904, the U.S. acquired control of the Panama Canal Zone for $10 million. In 1905, the Rotary Club was founded in Chicago by Attorney Paul Harris and three others. In 1940, Walt Disney’s animated movie “Pinocchio” was released. In 1954, the first mass vaccination of children against polio began in Pittsburgh. In 1968, Wilt Chamberlain (Philadelphia 76ers) became the first player to score 25,000 career points in the NBA. In 1991, during the Persian Gulf War, ground forces crossed the border of Saudi Arabia into the country of Iraq. Less than four days later, the war ended due to the surrender or withdrawal of Iraqi forces. In 2005, New York City’s medical examiner’s office announced it had exhausted all efforts to identify the remains of the people killed at the World Trade Center on September 11, 2001, due to the limits of DNA technology. About 1,600 people had been identified, leaving more than 1,100 unidentified. | | TRIVIAL PURSUITS: It seems obvious why Tootsie Rolls are called rolls. But, from where did the name Tootsie come?Read more > | | Share the good news with a friend! Pass the NewsDash along – and tell your friends/associates they can sign up for their own copy.Read more > |
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