| | Economic Events | | THE ECONOMIC WEEK AHEAD: Today, the National Association of Realtors will report about existing home sales for June. Tomorrow, the Conference Board will release its Consumer Confidence Index for July. Wednesday, the Census Bureau will report about new home sales in June. Thursday, the Labor Department will issue its initial claims report, and the Census Bureau will report about durable goods orders for June. | | | Market Mirror | Friday, the Dow closed 31.71 points (0.15%) lower at 21,580.07, the NASDAQ was down 2.25 points (0.04%) at 6,387.75, and the S&P 500 lost less than a point (0.04%) to finish at 2,472.54. The Russell 2000 fell 6.52 points (0.45%) to 1,435.83, and the Wilshire 5000 decreased 16.68 points (0.06%) to 25,711.94.
The price of the 10-year Treasury note was up 7/32, decreasing its yield to 2.238%. The price of the 30-year Treasury bond increased 14/32, bringing its yield down to 2.807%.
WEEK’S WORTH: For the week ending July 21, the Dow was down 0.27%, the NASDAQ gained 1.19%, and the S&P 500 increased 0.54%. The Russell 2000 was up 0.49%, and the Wilshire 5000 finished 0.56% higher. | | | Sponsored message from Natixis | Helping Make Retirement More Personal
82% of plan participants surveyed, would like their personal values reflected in their investments. Now there’s a solution that meets this demand: Natixis Sustainable Future Funds, the industry’s first ESG-driven target date funds.Read more > | | | Compliance | | Committee to Pursue Policy Objectives for Multiemployer Plans | | The National Coordinating Committee for Multiemployer Plans will pursue enactment of legislation for a new composite plan for multiemployer plan sponsors, among other things.Read more > | | Guidelines for Keeping HSAs Not Subject to ERISA | | While few employers that offer health savings accounts (HSAs) become overly involved in running them and thereby subject the accounts to the Employee Retirement Income Security Act (ERISA), there are Department of Labor (DOL) guidelines that plan sponsors should be aware of to avoid this foible, says Steven Mindy, an attorney in Alston & Bird’s compensation, benefits and ERISA practice in Washington, D.C.Read more > | | | Investing | | ESG Means More Than Negative Stock Screens | | One Employee Retirement Income Security (ERISA) attorney says he is encouraged by recent environmental, social and governance (ESG) investment product development in the defined contribution (DC) plan space that is “about so much more than screening out stocks.”Read more > | | | Small Talk | | ON THIS DATE: In 1847, Mormon leader Brigham Young and his followers arrived in the valley of the Great Salt Lake in present-day Utah. In 1849, Georgetown University in Washington, D.C., presented its first Doctor of Music Degree. It was given to Professor Henry Dielman. In 1866, Tennessee became the first state to be readmitted to the Union after the U.S. Civil War. In 1956, Dean Martin and Jerry Lewis ended their comic team a decade after it began on July 25, 1946. In 1969, the Apollo 11 astronauts splashed down safely in the Pacific Ocean. In 1974, the U.S. Supreme Court unanimously ruled that President Nixon had to turn over subpoenaed White House tape recordings to the Watergate special prosecutor. In 1987, Hulda Crooks, at 91 years of age, climbed Mt. Fuji. Crooks became the oldest person to climb Japan’s highest peak. | | SURVEY SAYS RESPONSES: Last week, I asked NewsDash readers, “Do you subscribe to the print edition of your local newspaper, and if you could only read one section, which one would it be?” Seventy-two percent of responding readers subscribe to the print edition of their local newspaper, while 28% do not. Asked if they could only read one section, which would it be, the top answer (49.3%) was local news, followed by comics and puzzles (16.4%) and sports (13.7%). Other choices included “home and leisure” (6.8%); “international news” (5.5%); “finance and business” (4.1%) and “obituaries” (4.1%). In verbatim comments about print news and favorite sections, many readers expressed how they like the feel (and smell, I do that too) and relaxation that a print newspaper offers. Many only subscribe to the Sunday paper, some just for the coupons. One reader pointed out that I left out the Opinion/Politics section in my listing. While quite a few opt for TV or digital news (for the cheaper price and on-the-go access), it is clear from the comments that print news is preferred. Editor’s Choice goes to the reader who said: “I just love the feel of newspaper in my hands. I’m the same with books, give me paper not a cold device of some type. Ok I just gave away my age.” Thanks to all who participated in the survey!Read more > | | Share the news with a friend! Pass the NewsDash along and tell your friend/association they can sign up for their own copy.Read more > |
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