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February 4th, 2020
Insight on Plan Design & Investment Strategy Every Weekday
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| Economic Events |
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Construction spending during December 2019 was estimated at a seasonally adjusted annual rate of $1,327.7 billion, 0.2% below the revised November estimate of $1,329.9 billion, the Census Bureau announced. The December figure is 5.0% above the December 2018 estimate of $1,264.8 billion.
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| Market Mirror |
Monday, the Dow gained 143.78 points (0.51%), finishing at 28,399.81. The NASDAQ increased 122.47 points (1.34%) to 9,273.40, and the S&P 500 gained 23.40 points (0.73%) to finish at 3,248.92. The Russell 2000 closed 18.14 points (1.12%) higher at 1,632.20, and the Wilshire 5000 increased 260.84 points (0.79%) to 33,099.03.
The price of the 10-year Treasury note fell 2/32, bringing its yield up to 1.526%. The price of the 30-year Treasury bond fell 1/32, increasing its yield to 2.004%.
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ON THIS DATE: In 1783, Britain declared a formal cessation of hostilities with its former colonies, the United States of America. In 1789, electors unanimously chose George Washington to be the first president of the United States. In 1824, J.W. Goodrich introduced rubber galoshes to the public. In 1861, delegates from six southern states met in Montgomery, Alabama, to form the Confederate States of America. In 1913, Civil Rights icon Rosa Parks was born in Tuskegee, Alabama. In 1932, the first Winter Olympics opened in the United States at Lake Placid, New York. In 1945, during World War II, President Franklin Roosevelt, British Prime Minister Winston Churchill and Soviet leader Josef Stalin began a conference at Yalta to outline plans for Germany’s defeat. In 1952, Jackie Robinson was named Director of Communication for NBC. He was the first black executive of a major radio-TV network. In 1957, Smith-Corona Manufacturing Inc., of New York, began selling portable electric typewriters. The first machine weighed 19 pounds. In 2003, Yugoslavia was formally dissolved by lawmakers. The country was replaced with a loose union of its remaining two republics, Serbia and Montenegro. In 2004, the social networking website Facebook.com was launched.
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