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July 21st, 2025
Insight on Plan Design & Investment Strategy Every Weekday
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| ECONOMIC EVENTS |
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Thursday, the Department of Labor will issue its initial jobless claims report, and Freddie Mac will update average mortgage rates for the week.
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Friday the Dow fell 142.30 points (0.32%) to close at 44,342.19, the Nasdaq rose 10.01 points (0.048%) to close at 20,895.65 and the S&P 500 fell 0.57 points (0.009%) to close at 6,296.79. The Russell 2000 fell 13.68 (0.61%) to close at 2,240.01, and the FT Wilshire 5000 Index fell 8.59 points (0.01%) to close at 62,947.54.
The 10-year Treasury note rose 3/32, bringing the yield to 4.423%. The 30-year Treasury bond rose 25/32, bringing the yield to 4.986%.
In the week ending July 18, the Dow fell 0.07%, the Nasdaq rose 1.48% and the S&P 500 rose 0.59%. The Russell 2000 rose 0.23%, and the FT Wilshire 5000 Index finished 0.65% higher.
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Deals and People
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Retirement Industry People Moves
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Aon adds to reinsurance team; Inspira appoints Chris Herman as EVP of retirement and wealth; Alliant hires Betty Wehmann in its employee benefits group; and more. 
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ON THIS DATE: In 1798, Napoleon’s Army of Egypt used a new military tactic, the massive divisional square, to defeat the Egyptian forces of Murad Bey at the Battle of the Pyramids during Napoleon’s Egyptian campaign. In 1899, writer Ernest Hemingway, known for works such as “The Old Man and the Sea” and “The Sun Also Rises,” was born. In 1925, the trial of high school teacher John T. Scopes ended with his conviction in Tennessee; he had taught Charles Darwin’s theory of evolution in violation of a state law. In 1960, politician Sirimavo Bandaranaike became the world’s first woman prime minister when she took office in Ceylon (later Sri Lanka). In 1961, Virgil I. “Gus” Grissom became the second American to enter space during Project Mercury. In 1983, the world’s lowest recorded temperature, -128 degrees Fahrenheit, was measured at Vostok Station, Antarctica. In 1987, heavy metal band Guns N’ Roses released the landmark album “Appetite for Destruction,” which sold more than 17 million copies. In 2007, “Harry Potter and the Deathly Hallows,” the final book in J.K. Rowling’s Harry Potter series, was released. In 2011, the U.S. space shuttle program ended, after 135 missions, as the orbiter Atlantis landed at NASA’s John F. Kennedy Space Center at Cape Canaveral, Florida.
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