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January 14th, 2021
Insight on Plan Design & Investment Strategy Every Weekday
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Economic Events |
The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.4% in December on a seasonally adjusted basis after rising 0.2% in November, the Bureau of Labor Statistics reported. The index for all items less food and energy increased 0.1% in December after rising 0.2% in the previous month.
Real average hourly earnings increased 0.4% over the month of December, seasonally adjusted. Average hourly earnings increased 0.8% and CPI-U increased 0.4%. Real average weekly earnings increased 0.1% over the month.
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Market Mirror |
Wednesday, the Dow was down 8.22 points (0.03%) at 31,060.47, the NASDAQ closed 56.52 points (0.43%) higher at 13,128.95, and the S&P 500 increased 8.65 points (0.23%) to 3,809.84. The Russell 2000 lost 15.99 points (0.75%) to finish at 2,111.97, and the Wilshire 5000 was up 33.06 points (0.08%) at 40,338.06.
The price of the 10-year Treasury note was up 4/32, decreasing its yield to 1.093%. The price of the 30-year Treasury bond increased 32/32, bringing its yield down to 1.826%.
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ON THIS DATE: In 1639, in Hartford, Connecticut, the first constitution in the American colonies, the “Fundamental Orders,” was adopted by representatives of Wethersfield, Windsor, and Hartford. In 1784, the United States ratified a peace treaty with England ending the Revolutionary War. In 1943, Franklin D. Roosevelt became the first president to travel on official business by airplane. Roosevelt flew in a Boeing 314 Flying Boat dubbed the Dixie Clipper to a World War II strategy meeting with Winston Churchill at Casablanca in North Africa. In 1951, the first National Football League Pro Bowl All-Star Game was played in Los Angeles. 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. In 2004, in St. Louis, a Lewis and Clark Exhibition opened at the Missouri History Museum. The exhibit featured 500 rare and priceless objects used by the Corps of Discovery. In 2005, a probe, from the Cassini-Huygens mission, sent back pictures during and after landing on Saturn’s moon Titan.
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