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February 26th, 2024
Insight on Plan Design & Investment Strategy Every Weekday
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| ECONOMIC EVENTS |
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Monday, the Census Bureau will report new home sales for January. Tuesday, the Census Bureau will report durable goods orders for January and the Conference Board will report consumer confidence for February. 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 rose 62.42 points (0.16%) to close at 39,131.53, the Nasdaq fell 44.80 points (0.28%) to close at 15,996.82 and the S&P 500 rose 1.77 points (0.03%) to close at 5,088.80. The Russell 2000 rose 2.85 points (0.14%) to close at 2,016.69, and the FT Wilshire 5000 Index rose 31.17 points (0.061%) to close at 51,154.39.
The 10-year Treasury note rose 6/32, bringing the yield to 4.251%. The 30-year Treasury bond rose 1 5/32, bringing the yield to 4.372%.
For the week ending February 23, the Dow rose 1.30%, the Nasdaq rose 1.40% and the S&P 500 rose 1.66%. The Russell 2000 fell 0.79%, and the FT Wilshire 5000 Index ended 1.39% higher.
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DEALS AND PEOPLE
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Retirement Industry People Moves
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Alerus names top retirement services officer; Newport bolsters NQDC unit; T. Rowe board chair Stromberg steps down; and more. 
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EVENTS
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PLANSPONSOR Roadmap: Financial Wellness
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Join us March 7 for the insights needed to develop or update financial wellness programs for employees. You’ll hear from plan sponsors, advisers and other industry experts about successful financial wellness strategies, and you’ll come away with resources and checklists to guide you on your own journey of implementing important benefits.
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ON THIS DATE: In 1802, poet, novelist and dramatist Victor Hugo, was born. In 1815, forced to abdicate as French emperor in 1814, Napoleon escaped from exile on the island of Elba and, gathering support en route, retook power on his return to Paris on March 20. In 1919, Congress established Grand Canyon National Park in northwestern Arizona. In 1928, singer and pianist Fats Domino, a rhythm-and-blues standout, was born. In 1929, Grand Teton National Park was established in Wyoming; in 1950 it was expanded to include most of Jackson Hole National Monument. In 1951, novelist James Jones published “From Here to Eternity,” about the U.S. Army in Hawaii before the 1941 attack on Pearl Harbor; it was later adapted into an Academy Award-winning movie. In 1993, the World Trade Center in New York City was bombed in an act of terrorism, and Islamic radicals were later convicted for the crime. In 2012, national debates about racism and racial profiling ensued after Trayvon Martin, an unarmed African American teenager returning from a convenience store in Sanford, Florida, was fatally shot by a neighborhood-watch volunteer, George Zimmerman, who later successfully argued that he had acted in self-defense.
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