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| Economic Events | |
The combined value of distributive trade sales and manufacturers’ shipments for May, adjusted for seasonal and trading-day differences but not for price changes, was estimated at $1,449.7 billion, up 1.4% from April and up 8.6% from May 2017, the Census Bureau reported. Advance estimates of U.S. retail and food services sales for June, adjusted for seasonal variation and holiday and trading-day differences, but not for price changes, were $506.8 billion, an increase of 0.5% from the previous month, and 6.6% above June 2017. Total sales for the April through June period were up 5.9% from the same period a year ago. Retail trade sales were up 0.3% from May and 6.4% above last year. Gasoline Stations were up 21.6% from June 2017, while Nonstore Retailers were up 10.2% from last year. | |
| Sponsored message from Vanguard | |
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| Market Mirror | |
Yesterday, the Dow increased 44.95 points (0.18%) to 25,064.36, the NASDAQ closed 20.26 points (0.26%) lower at 7,805.72, and the S&P 500 was down 2.88 points (0.10%) at 2,798.43. The Russell 2000 lost 8.48 points (0.50%) to finish at 1,678.60, and the Wilshire 5000 decreased 37.79 points (0.13%) to 29,223.59. The price of the 10-year Treasury note was down 6/32, increasing its yield to 2.852%. The price of the 30-year Treasury bond decreased 19/32, bringing its yield up to 2.959%. | |
| Benefits & Administration | |
| Missing Inaction | |
| What are the rules for locating missing retirement plan participants and what should plan sponsors do when they’re found?Read more > | |
| Products, Deals and People | |
| MetLife Suggests Four Core Principles for Creating a Financial Wellness Program | |
| The second whitepaper in a series says financial wellness is centered around four core principles: financial awareness, financial health, financial security and financial inclusion.Read more > | |
| Personalized Planning & Advice Managed Account Solution Launched by Fidelity | |
| Through the expanded Fidelity managed account program, employees will benefit from “ongoing, proactive engagement, including expanded annual checkups, reminders, and information that addresses their specific investment needs, to help them stay on track toward their financial goals.”Read more > | |
| Small Talk | |
| ON THIS DATE: In 1453, France defeated England at Castillon, France, which ended the 100 Years’ War. In 1821, Spain ceded Florida to the U.S. In 1862, national cemeteries were authorized by the U.S. government. In 1867, Harvard School of Dental Medicine was established in Boston. It was the first dental school in the U.S. In 1898, U.S. troops under General William R. Shafter took Santiago de Cuba during the Spanish-American War. In 1917, the British royal family adopted the Windsor name. In 1941, the longest hitting streak in baseball history ended when the Cleveland Indians pitchers held New York Yankee Joe DiMaggio hitless for the first time in 57 games. In 1945, President Harry Truman, Soviet leader Josef Stalin and British Prime Minister Winston S. Churchill began meeting at Potsdam in the final Allied summit of World War II. In 1950, the television show “The Colgate Comedy Hour” debuted featuring Dean Martin and Jerry Lewis. In 1955, Disneyland opened in Anaheim, California. In 1966, Ho Chi Minh ordered a partial mobilization of North Vietnam forces to defend against American air strikes. In 1975, an Apollo spaceship docked with a Soyuz spacecraft in orbit. It was the first link up between the U.S. and Soviet Union. In 1997, after 117 years, the Woolworth Corp. closed its last 400 stores. | |
| TRIVIAL PURSUITS: Why is the District of Columbia so named?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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Editorial: Alison Cooke Mintzer alison.mintzer@strategic-i.com
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