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July 13th, 2020
Insight on Plan Design & Investment Strategy Every Weekday
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Economic Events |
The producer price index for final demand fell 0.2% in June, as prices for final demand services declined 0.3% and the index for final demand goods rose 0.2%, the Bureau of Labor Statistics reported. The final demand index decreased 0.8% for the 12 months ended in June.
Tomorrow, the Bureau of Labor Statistics will reveal the consumer price index for June. Thursday, the Labor Department will issue its initial claims report, and the Census Bureau will report about retail sales in June and business trade in May.
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Market Mirror |
Friday, the Dow gained 369.21 points (1.44%) to finish at 26,075.30, the NASDAQ was up 69.69 points (0.66%) at 10,617.44, and the S&P 500 increased 32.99 points (1.05%) to 3,185.04. The Russell 2000 climbed 23.76 points (1.70%) to 1,422.68, and the Wilshire 5000 closed 355.65 points (1.11%) higher at 32,525.98.
The price of the 10-year Treasury note decreased 25/32, bringing its yield up to 0.643%. The price of the 30-year Treasury bond fell 26/32, increasing its yield to 1.334%.
For the week ending July 10, the Dow increased 0.96%, the NASDAQ climbed 4.01%, and the S&P 500 finished 1.76% higher. The Russell 2000 was down 0.64%, and the Wilshire 5000 gained 2.04%.
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Deals and People
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Retirement Industry People Moves
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ISS ESG selects global research leader; Newport Group acquires PAi and affiliate company; R&M adds actuarial professionals to Denver region; and more.
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ON THIS DATE: In 1585, a group of 108 English colonists, led by Sir Richard Grenville, reached Roanoke Island, North Carolina. In 1787, 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 1954, in Geneva, Switzerland, 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. In 1985, Live Aid, a worldwide rock concert organized to raise money for the relief of famine-stricken Africans, was held. In 2013, outraged and saddened after the acquittal of George Zimmerman, the Florida man who killed a Black teenager in 2012, Alicia Garza posted a message on Facebook with the phrase “Black lives matter,” which soon became a rallying cry and a movement throughout the United States and around the world.
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