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July 28th, 2020
Insight on Plan Design & Investment Strategy Every Weekday
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Economic Events |
New orders for manufactured durable goods in June increased $14.0 billion or 7.3% to $206.9 billion, the U.S. Census Bureau announced. This increase, up two consecutive months, followed a 15.1% May increase. Excluding transportation, new orders increased 3.3%. Excluding defense, new orders increased 9.2%. Transportation equipment, also up two consecutive months, led the increase, $9.2 billion or 20.0% to $55.3 billion.
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Market Mirror |
Yesterday, the Dow was up 114.88 points (0.43%) at 26,584.77, the NASDAQ climbed 173.09 points (1.67%) to 10,536.27, and the S&P 500 increased 23.78 points (0.74%) to 3,239.41. The Russell 2000 gained 17.10 points (1.16%) to finish at 1,484.65, and the Wilshire 5000 closed 283.10 points (0.86%) higher at 33,086.38.
The price of the 10-year Treasury note was down 2/32, increasing its yield to 0.607%. The price of the 30-year Treasury bond decreased 27/32, bringing its yield up to 1.254%.
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ON THIS DATE: In 1868, following its ratification by the necessary three-quarters of U.S. states, the 14th Amendment, granting citizenship to all persons born or naturalized in the United States—including formerly enslaved people—was officially adopted into the U.S. Constitution. In 1914, World War I officially began when Austria-Hungary declared war on Serbia. In 1945, a United States military plane crashed into the Empire State Building, killing 14 people. The freak accident was caused by heavy fog. In 1951, the Walt Disney film “Alice in Wonderland” was released. In 1998, Bell Atlantic and GTE announced $52 billion deal that created the second-largest phone company.
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