|
January 16th, 2025
Insight on Plan Design & Investment Strategy Every Weekday
|
|
|
|
|
|
|
ECONOMIC EVENTS |
In December, the Consumer Price Index for All Urban Consumers rose 0.4%, seasonally adjusted, and rose 2.9% over the last 12 months, not seasonally adjusted, the U.S. Bureau of Labor Statistics reported.
|
|
|
|
MARKET MIRROR |
Wednesday, the Dow rose 703.27 points (1.65%) to close at 43,221.55, the Nasdaq rose 466.84 points (2.45%) to close at 19,511.23 and the S&P 500 rose 107.00 points (1.83%) to close at 5,949.91. The Russell 2000 rose 44.06 points (1.99%) to close at 2,263.29, and the FT Wilshire 5000 Index rose 1,075.01 points (1.83%) to close at 59,784.25.
The 10-year Treasury note increased 32/32, bringing the yield to 4.657%. The 30-year Treasury bond increased 1 27/32, bringing the yield to 4.875%.
|
|
|
|
Opinions
|
Let’s Help People Save Seamlessly Over a Career
|
Employers can significantly enhance workers' retirement savings by making savings rates portable, shortening eligibility and vesting timelines, and improving choice architecture at job terminations, says Vanguard’s Fiona Greig.
|
|
|
|
ON THIS DATE: In 1973, the last episode of television series “Bonanza” aired on NBC, as the popular western ended after 14 seasons. In 1991, the Persian Gulf War, triggered by Iraq’s occupation of Kuwait in August 1990, began with a U.S.-led air offensive against Iraq that continued until a cease-fire was declared on February 28. In 1992, a civil war in El Salvador ended as the government and the Farabundo Martí National Liberation Front signed the Chapultepec Peace Accords in Mexico City. In 2006, Ellen Johnson Sirleaf, the first woman to be elected head of state of an African country, was sworn in as president of Liberia. In 2017, astronaut Eugene Cernan, the last person to walk on the Moon, died at age 82. In 2021, record producer Phil Spector, who scored a number of hits with his unique take on pop music but who was later convicted of second-degree murder, died at age 81.
|
|
|
Did someone forward you this newsletter? Sign up here to get NEWSDash directly in your mailbox!
|
|
Copyright ©2025 Asset International, Inc. All rights reserved. No reproduction without prior authorization.
|
702 King Farm Boulevard, Suite 300, Rockville, MD 20850
|
|
|