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January 2nd, 2020
Insight on Plan Design & Investment Strategy Every Weekday
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Economic Events |
The Conference Board Consumer Confidence Index decreased marginally in December, following a slight increase in November. The Index now stands at 126.5 (1985=100), down from 126.8 (an upward revision) in November. The Present Situation Index—based on consumers’ assessment of current business and labor market conditions—increased from 166.6 to 170.0. The Expectations Index—based on consumers’ short-term outlook for income, business and labor market conditions—decreased from 100.3 in November to 97.4 in December.
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Market Mirror |
Tuesday, the Dow gained 76.30 points (0.27%) to finish at 28,538.44, the NASDAQ closed 26.61 points (0.30%) higher at 8,972.60, and the S&P 500 increased 9.49 points (0.29%) to 3,230.78. The Russell 2000 was up 4.32 points (0.26%) at 1,668.47, and the Wilshire 5000 gained 97.98 points (0.30%) to finish at 32,886.74.
The price of the 10-year Treasury note was down 3/32, increasing its yield to 1.920%. The price of the 30-year Treasury bond fell 1 3/32, bringing its yield up to 2.391%.
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ON THIS DATE: In 1788, Georgia became the 4th state to ratify the U.S. Constitution. In 1882, the Standard Oil Trust agreement was completed and dated. The document transferred the stock and property of more than 40 companies into the control of nine trustees lead by John D. Rockefeller. This was the first example of what became known as a holding company. In 1890, Alice Sanger became the first female White House staffer. In 1892, Ellis Island opened as America’s first federal immigration center. Annie Moore, at age 15, became the first person to pass through. In 1960, Senator John F. Kennedy of Massachusetts announced his candidacy for the Democratic presidential nomination. In 1965, “Broadway” Joe Namath signed the richest rookie contract ($400,000) in the history of pro football. In 1983, the musical “Annie” closed on Broadway at the Uris Theatre after 2,377 performances.
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