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| Products, Deals and People | |
| Retirement Industry People Moves | |
| Beltz Ianni & Associates selects Retirement Plan Services manager; Jackson Lewis P.C. hires employee benefits practitioner; Nationwide veteran succeeds former president and COO; and more.Read more > | |
| Economic Events | |
| THE ECONOMIC WEEK AHEAD: Tomorrow, the Conference Board will release its Consumer Confidence Index for July. Thursday, the Labor Department will issue its initial claims report, and the Census Bureau will report about construction spending in June. Friday, the Bureau of Labor Statistics will reveal the unemployment rate for July. | |
| Market Mirror | |
Friday, the Dow was up 51.47 points (0.19%) at 27,192.45, the NASDAQ climbed 91.67 points (1.11%) to 8,330.21, and the S&P 500 increased 22.19 points (0.74%) to 3,025.86. The Russell 2000 gained 17.52 points (1.12%) to finish at 1,578.97, and the Wilshire 5000 closed 250.96 points (0.81%) higher at 31,146.36.
The price of the 10-year Treasury note was virtually unchanged, with its yield at 2.074%. The price of the 30-year Treasury bond was up 3/32, decreasing its yield to 2.595%. WEEK’S WORTH: For the week ending July 26, the Dow was up 0.14%, the NASDAQ climbed 2.25%, and the S&P 500 increased 1.65%. The Russell 2000 gained 2.01%, and the Wilshire 5000 finished 1.76% higher. | |
| Compliance | |
| A Court and the DOL Weigh In on Cross-Plan Offsetting for Health Benefits | |
| An appellate court decision and an amicus brief filed in the case by the Department of Labor (DOL) emphasize plan sponsors’ duty to monitor what health plan providers or third-party administrators (TPAs) are doing.Read more > | |
| Mercer Talks Legislative and Regulatory Changes | |
| Sources say Congress may try to tack the SECURE Act onto other moving legislation this fall, and they recount the many changes in health care regulations driven by President Donald Trump’s executive order.Read more > | |
| Small Talk | |
| ON THIS DATE: In 1874, Major Walter Copton Winfield of England received U.S. patent for the lawn-tennis court. In 1914, the first transcontinental telephone service was inaugurated when two people held a conversation between New York City and San Francisco. In 1950, Disney’s adaptation of Robert Louis Stevenson’s “Treasure Island” was released. In 1957, the International Atomic Energy Agency was established. In 1958, the National Aeronautics and Space Administration (NASA) was authorized by Congress. In 2005, astronomers announced that they had discovered a new planet (Xena) larger than Pluto in orbit around the sun. | |
| 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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