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July 29th, 2020
Insight on Plan Design & Investment Strategy Every Weekday
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Wellness Strategies
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Debt Busters
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How employers can help their workers repay their college loans.
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Market Mirror |
Tuesday, the Dow was down 205.49 points (0.77%) at 26,379.28, the NASDAQ shed 134.18 points (1.27%) to end at 10,402.09, and the S&P 500 decreased 20.97 points (0.65%) to 3,218.44. The Russell 2000 closed 14.90 points (1.00%) lower at 1,469.76, and the Wilshire 5000 lost 236.60 points (0.72%) to finish at 32,849.73.
The price of the 10-year Treasury note was up 3/32, decreasing its yield to 0.583%, and the price of the 30-year Treasury bond increased 32/32, bringing its yield down to 1.219%.
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ON THIS DATE: In 1909, the newly formed General Motors Corporation (GM) acquired the country’s leading luxury automaker, the Cadillac Automobile Company, for $4.5 million. In 1950, Disney’s adaptation of Robert Louis Stevenson’s “Treasure Island” was released. In 1958, Congress passed legislation establishing the National Aeronautics and Space Administration (NASA). In 2005, astronomers announced that they had discovered a new planet (Xena) larger than Pluto in orbit around the sun.
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WEDNESDAY WISDOM: “Everything’s got a moral, if only you can find it.”—Lewis Carroll, writer
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