| | Market Mirror | Yesterday, the Dow was up 27.13 points (0.10%) at 27,359.16, the NASDAQ increased 14.04 points (0.17%) to 8,258.19, and the S&P 500 was virtually unchanged at 3,014.30. The Russell 2000 decreased 8.18 points (0.52%) to 1,561.82, and the Wilshire 5000 was down 6.57 points (0.02%) at 30,978.36. The price of the 10-year Treasury note was up 3/32, decreasing its yield to 2.090%. The price of the 30-year Treasury bond increased 31/32, bringing its yield down to 2.608%. | | | Compliance | | Adidas Sued Over Excessive Fees for 401(k) Participants | | Plaintiffs in the lawsuit argue that passive funds would have resulted in better returns net of fees that the actively managed funds offered in the plan.Read more > | | | Industry Voices | | Volatility and TDFs: The Good, the Bad and the Unintended | | John Greves, Natallia Yazhova and Jake Gilliam, with Charles Schwab, discuss volatility as it relates to target-date funds (TDFs) and how plan sponsors may want to re-examine risk exposures in these vehicles.Read more > | | | Small Talk | | ON THIS DATE: In 1779, American troops under General Anthony Wayne captured Stony Point, New York. In 1790, the District of Columbia, or Washington, D.C., was established as the permanent seat of the United States Government. In 1862, David G. Farragut became the first rear admiral in the U.S. Navy. In 1935, Oklahoma City became the first city in the U.S. to install parking meters. In 1945, the United States detonated the first atomic bomb in a test at Alamogordo, New Mexico. In 1951, J.D. Salinger’s novel “The Catcher in the Rye” was first published. In 1969, Apollo 11 blasted off from Cape Kennedy, Florida, and began the first manned mission to land on the moon. In 1981, after 23 years with the name Datsun, executives of Nissan changed the name of its cars to Nissan. In 2009, in Chicago, Sears Tower was renamed Willis Tower. | | TRIVIAL PURSUITS: Interesting facts about octopuses.Read more > | | Share the 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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