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January 24th, 2023
Insight on Plan Design & Investment Strategy Every Weekday
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| MARKET MIRROR |
Monday, the Dow gained 254.07 points (0.76%) to close at 33,629.56, the Nasdaq gained 223.98 points (2.01%) to close at 11,364.41 and the S&P 500 increased 47.20 points (1.19%) to close at 4,019.81. The Russell 2000 gained 23.43 points (1.25%) to close at 1,890.77 and the Wilshire 5000 gained 502.45 points (1.27%) to close at 40,088.38.
The price of the 10-year Treasury note increased 22/32, bringing the yield to 3.514%. The price of the 30-year Treasury bond fell 1/32, bringing the yield to 3.687%.
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UpFront
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ESG Is Permissible but Not Required
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The DOL's final rule lets plans use environmental, social and governance investments in their qualified default investment alternative, choose such investments to suit participants’ preferences, and take other such ESG-friendly steps. 
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SURVEYS
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CIO’s Transition Management Survey
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Are you a provider of transition management services and want to make your services known to institutional investors? If so, you are invited to respond to CIO’s Transition Management Survey.
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ON THIS DATE: In 1848, carpenter James Wilson Marshall found nuggets of gold in California’s American River near the site of a sawmill he was building for John Sutter, ushering in a gold rush. In 1965, Sir Winston Leonard Spencer Churchill, the British leader who guided Great Britain and the Allies through the crisis of World War II, died in London at the age of 90. In 1984, Steve Jobs introduced Apple’s Macintosh computer, two days after the commercial “1984” aired before a national TV audience and heralded the product’s impending release. In 1993, lawyer and civil rights activist Thurgood Marshall, who was the first African American to serve on the Supreme Court, died at age 84. In 2002, Congress began a hearing on the collapse of Enron Corp. In 2003, the Department of Homeland Security came into being as Tom Ridge was sworn in as the agency’s first secretary. In 2004, the six-wheeled robotic rover Opportunity landed on Mars and—like its twin rover, Spirit, which landed on January 3—analyzed rocks and soils and relayed pictures back to Earth. Opportunity was launched in mid-2003.
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