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February 9th, 2021
Insight on Plan Design & Investment Strategy Every Weekday
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| Market Mirror |
Yesterday, the Dow increased 237.52 points (0.76%) to 31,385.76, the NASDAQ gained 131.35 points (0.95%) to finish at 13,987.64, and the S&P 500 was up 28.76 points (0.74%) at 3,915.59. The Russell 2000 climbed 130.05 points (6.02%) to 2,289.76, and the Wilshire 5000 closed 379.35 points (0.92%) higher at 41,828.21.
The price of the 10-year Treasury note was unchanged, with its yield down at 1.165%. The price of the 30-year Treasury bond was up 4/32, decreasing its yield to 1.956%.
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Events
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What’s on the Minds of Plan Sponsors?
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To assist plan sponsors with decisions for 2021, PLANSPONSOR is hosting a one-day forum to address specific areas of retirement program design that may be presenting the biggest challenges. Hear what research has determined about plan sponsors’ priorities—including those that are ongoing and those that have been newly shaped by the COVID-19 pandemic. Listen to your peers discuss defined contribution (DC) plan investment menus, financial wellness programs and retirement income. These discussions will help you craft benefits that serve the needs of your unique workforce and help you meet your fiduciary duties. Register today to attend. 
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ON THIS DATE: In 1773, William Henry Harrison, who would become America’s 9th president, was born on the Berkeley Plantation in Virginia. In 1825, as no presidential candidate received a majority of electoral votes in the election of 1824, the House of Representatives voted to elect John Quincy Adams, who won fewer votes than Andrew Jackson in the popular election, as president of the United States. In 1861, the Provisional Congress of the Confederate States of America elected Jefferson Davis as its president. In 1870, the United States Weather Bureau was authorized by Congress. The bureau is officially known as the National Weather Service (NWS). In 1942, daylight-saving “War Time” went into effect in the U.S. In 1960, the official groundbreaking ceremony was held for the Hollywood Walk of Fame, and the first star to be dedicated belonged to actress Joanne Woodward, an Academy Award winner for The Three Faces of Eve (1957). In 1964, the Beatles made their American debut on “The Ed Sullivan Show”. In 1971, pitcher Leroy “Satchel” Paige became the first Negro League veteran to be nominated for the Baseball Hall of Fame. In 1997, “The Simpsons” became the longest-running prime-time animated series. “The Flintstones” held the record previously.
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