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| Sponsored message from Vanguard | |
| Vanguard TDFs-Well-designed in any weather | |
| A look at how Vanguard(r) Target Retirement Funds are designed to help investors endure both good markets and bad.Read more > | |
| Economic Events | |
In December, the Consumer Price Index for All Urban Consumers (CPI-U) fell 0.1% on a seasonally adjusted (SA) basis; rising 1.9% over the last 12 months, not seasonally adjusted (NSA), according to the Bureau of Labor Statistics. The index for all items less food and energy rose 0.2% in December, SA; up 2.2% over the year, NSA. Real average hourly earnings increased 0.5% over the month in December, SA. Average hourly earnings increased 0.4% and CPI-U decreased 0.1%. Real average weekly earnings increased 0.7% over the month. THE ECONOMIC WEEK AHEAD: Tomorrow, the Bureau of Labor Statistics will reveal the producer price index for December. Wednesday, the Census Bureau will report about retail sales for December and business trade for November. Thursday, the Labor Department will issue its initial claims report, and the Census Bureau will report about housing starts for December. Note: The government shutdown could delay the release of some data. | |
| Market Mirror | |
Friday, the Dow was down 5.97 points (0.02%) at 23,995.95, the NASDAQ decreased 14.59 points (0.21%) to 6,971.48, and the S&P 500 was virtually unchanged at 2,596.26. The Russell 2000 increased 1.95 points (0.14%) to 1,447.38, and the Wilshire 5000 was up 1.41 points (0.01%) at 26,855.13.
The price of the 10-year Treasury note increased 14/32, bringing its yield down to 2.697%. The price of the 30-year Treasury bond climbed 24/32, decreasing its yield to 3.031%. WEEK’S WORTH: For the week ending January 11, the Dow was up 2.40%, the NASDAQ gained 3.45%, and the S&P 500 increased 2.54%. The Russell 2000 climbed 4.83%, and the Wilshire 5000 finished 2.97% higher. | |
| Benefits and Administration | |
| Employees Report a Wide Range of Benefits Contribute to Financial Security | |
| Research findings suggest that employers could do a better job of educating employees about benefits that may improve their overall financial security.Read more > | |
| Products, Deals and People | |
| Institutional Shareholder Services and Strategic Insight Join Forces | |
| SI’s data sets will complement ISS Analytics’ data intelligence.Read more > | |
| Retirement Industry People Moves | |
| Wagner Law Group adds ERISA attorney; Lincoln Financial Group brings in product management VP; Clark Hill announces addition to ESOP practice; and more.Read more > | |
| Small Talk | |
| ON THIS DATE: In 1639, Connecticut’s first constitution, the “Fundamental Orders,” was adopted. In 1784, the United States ratified a peace treaty with England ending the Revolutionary War. In 1878, Alexander Graham Bell demonstrated the telephone for Britain’s Queen Victoria. In 1943, President Franklin D. Roosevelt became the first U.S. President to fly in an airplane while in office. He flew from Miami, to French Morocco where he met with British Prime Minister Winston Churchill to discuss World War II. In 1951, the first National Football League Pro Bowl All-Star Game was played in Los Angeles, CA. In 1952, NBC’s “Today” show premiered. In 1954, the Hudson Motor Car Company merged with Nash-Kelvinator. The new company was called the American Motors Corporation. In 1972, NBC-TV debuted “Sanford & Son.” In 1973, the Miami Dolphins defeated the Washington Redskins in Super Bowl VII and became the first NFL team to go undefeated in a season. In 1999, the impeachment trial of President Bill Clinton began in Washington, D.C. | |
| SURVEY SAYS: We would like more responses for our survey, which may be included in a future issue of PLANSPONSOR magazine. Please share with us whether your firm formally educates plan committee members, whether this education includes fiduciary training, and how often education is provided. You may respond to the survey by 6 p.m. Pacific time today.Read more > | |
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Editorial: Alison Cooke Mintzer alison.mintzer@strategic-i.com
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