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July 13th, 2023
Insight on Plan Design & Investment Strategy Every Weekday
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| ECONOMIC EVENTS |
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The Consumer Price Index for All Urban Consumers rose 0.2% in June on a seasonally adjusted basis, after increasing 0.1% in May, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 3.0% before seasonal adjustment.
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| MARKET MIRROR |
Wednesday, the Dow gained 86.01 points (0.25%) to close at 34,347.43, the Nasdaq gained 158.26 points (1.15%) to close at 13,918.96 and the S&P 500 gained 32.90 points (0.74%) to close at 4,472.16. The Russell 2000 rose 20.02 points (1.05%) to close at 1,933.38, and the FT Wilshire 5000 Index rose 331.80 points (0.74%) to close at 45,233.60.
The price of the 10-year Treasury note decreased 4/32, bringing the yield to 3.862%. The price of the 30-year Treasury bond decreased 2/32, bringing the yield to 3.952%.
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ON THIS DATE: In 1793, French revolutionary Jean-Paul Marat was assassinated in his bath by Charlotte Corday, a young Girondin supporter who was subsequently executed. In 1861, General George B. McClellan and Union troops defeated Confederate forces in northwestern Virginia, an area that subsequently became West Virginia. In 1939, backed by trumpeter Harry James, singer Frank Sinatra recorded his first single, “From the Bottom of My Heart.” In 1942, actor Harrison Ford, best known for his roles in the Star Wars and Indiana Jones film franchises, was born. In 1985, the benefit concert Live Aid was held simultaneously at Wembley Stadium in London and JFK Stadium in Philadelphia. The event drew an estimated 1.5 billion television viewers and raised millions of dollars for famine relief in Ethiopia. In 2010, businessman George Steinbrenner – who, while principal owner of the New York Yankees, became one of the most controversial personalities in major league baseball – died at age 80. In 2016, Theresa May, the Conservative Party leader, became the second woman prime minister in the U.K., replacing David Cameron, who resigned after the country voted to leave the European Union. In 2017, Chinese writer and human rights activist Liu Xiaobo, who advocated for democratic reforms and was the first Chinese citizen to be awarded the Nobel Peace Prize, died at age 61.
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