| Men Think Differently About Retirement Planning Than Women | Men think about retirement more often than women, talk about it more frequently with work colleagues and believe they are more educated about tools needed to have a secure retirement, a survey finds.Read more > | Public Pensions Provide Retirement Income and Portability | Research finds that nearly all state retirement systems have features that allow for preservation of retirement income benefits even for employees who change jobs.Read more > | | Sponsored message from Alger | Alger: Conversations With Tomorrow The Future of Big Data: Bigger and Smarter.Read more > | | Economic Events | The U.S. Census Bureau announced that May sales of merchant wholesalers, except manufacturers’ sales branches and offices, after adjustment for seasonal variations and trading-day differences but not for price changes, were $435.5 billion, up 0.5% from the revised April level, but down 2.5% from the May 2015 level. May sales of durable goods were up 0.6% from April, but were down 0.6% from a year ago. Sales of computer and computer peripheral equipment and software were up 3.8% from April and sales of electrical and electronic goods were up 2.4%. Sales of nondurable goods were up 0.5% from April, but were down 4.1% from last May. Sales of petroleum and petroleum products were up 5.6% from April. | | Market Mirror | Tuesday, the Dow was up 120.74 points (0.66%) at 18,347.67, the NASDAQ increased 34.18 points (0.69%) to 5,022.82, and the S&P 500 closed 14.98 points (0.70%) higher at 2,152.14. The Russell 2000 climbed 15.85 points (1.33%) to 1,205.88, and the Wilshire 5000 gained 172.47 points (0.78%) to finish at 22,309.29.
On the NYSE, 3.1 billion shares changed hands, and on the NASDAQ, 2.7 billion shares traded, with advancing issues outnumbering declining issues more than 2 to 1 on both exchanges.
The price of the 10-year Treasury note decreased 20/32, bringing its yield up to 1.500%. The price of the 30-year Treasury bond fell 1 22/32, increasing its yield to 2.221%. | | Compliance | Form 5500 Annual Report Modernization Proposed | The U.S. Department of Labor’s (DOL) Employee Benefit Security Administration (EBSA), along with the Internal Revenue Service (IRS) and the Pension Benefit Guaranty Corporation (PBGC) are seeking public comments on proposed revisions to modernize and improve the Form 5500 Annual Return/Report filed by private-sector employee benefit plans. EBSA also published a related notice of proposed changes to its annual reporting regulations under Title I of the Employee Retirement Income Security Act (ERISA).Read more > | | Ask the Experts | When Is a Loan Considered to Be in Default? | “I noticed that you have written a number of Ask the Experts columns regarding loan defaults, but none of those Q&As appear to answer a basic question that I have. When is a loan considered to be IN default?”Read more > | | Small Talk | Nearly four in 10 (39%) senior managers interviewed by OfficeTeam said it’s unprofessional to include emojis or emoticons in work communications. However, 21% said it’s fun, and 40% said it’s fine in certain situations. OfficeTeam also asked workers how they feel about using these symbols.Read more > | ON THIS DATE: In 1585, a group of 108 English colonists, led by Sir Richard Grenville, reached Roanoke Island, North Carolina. In 1754, at the beginning of the French and Indian War, George Washington surrendered the small, circular Fort Necessity in southwestern Pennsylvania to the French. In 1787, the U.S. Congress, under the Articles of Confederation, enacted the Northwest Ordinance, which established the rules for governing the Northwest Territory, for admitting new states to the Union and limiting the expansion of slavery. In 1863, opponents of the Civil War draft began three days of rioting in New York City, which resulted in more than 1,000 casualties. In 1954, in Geneva, the United States, Great Britain and France reached an accord on Indochina which divided Vietnam into two countries, North and South, along the 17th parallel.
WEDNESDAY WISDOM: “May the forces of evil become confused on the way to your house.”—George Carlin, comedian | Share the good news with a friend! Pass the NewsDash along—and tell your friends/associates they can sign up for their own copy.Read more > |
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