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January 22nd, 2020
Insight on Plan Design & Investment Strategy Every Weekday
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| Market Mirror |
Yesterday, the Dow fell 152.06 points (0.52%) to 29,196.04, the NASDAQ decreased 18.14 points (0.19%) to 9,370.81, and the S&P 500 was down 8.83 points (0.27%) at 3,320.79. The Russell 2000 lost 13.74 points (0.81%) to finish at 1,685.90, and the Wilshire 5000 closed 99.81 points (0.29%) lower at 33,817.57.
The price of the 10-year Treasury note was up 5/32, decreasing its yield to 1.766%. The price of the 30-year Treasury bond increased 1 24/32, bringing its yield down to 2.227%.
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A survey from video technology provider Kaltura found employees prefer video for learning. Though the survey focuses on employee training and development, the responses are informative for retirement plan sponsors, providers and advisers who develop or offer retirement plan and financial wellness education.
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ON THIS DATE: In 1879, James Shields began a term as a U.S. Senator from Missouri. He had previously served Illinois and Minnesota. He was the first Senator to serve three states. In 1895, the National Association of Manufacturers was organized in Cincinnati, Ohio. In 1901, Queen Victoria of England died after reigning for nearly 64 years. Edward VII, her son, succeeded her. In 1903, the Hay-Herrán Treaty was signed by United States Secretary of State John M. Hay and Colombian Chargé Dr. Tomás Herrán. The treaty granted the United States rights to the land proposed for the Panama Canal. In 1947, KTLA, Channel 5, in Hollywood, California, began operation as the first commercial television station west of the Mississippi River. In 1968, “Rowan & Martin’s Laugh-In”, debuted on NBC TV. In 1973, former President Lyndon Baines Johnson died in Johnson City, Texas, at the age of 64. In 1983, Bjorn Borg retired from tennis. He had set a record by winning 5 consecutive Wimbledon championships. In 1984, Apple introduced the Macintosh during the third quarter of Super Bowl XVIII. In 1997, the Senate confirmed Madeleine Albright as the first female secretary of state. In 1998, Theodore Kaczynski pled guilty to federal charges for his role as the Unabomber. He agreed to life in prison without parole. In 2002, Kmart Corp. filed for Chapter 11 bankruptcy making it the largest retailer in history to seek legal protection from its creditors.
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WEDNESDAY WISDOM: “Life’s most persistent and urgent question is, ‘What are you doing for others?’”—Martin Luther King, Jr.
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