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July 8th, 2022
Insight on Plan Design & Investment Strategy Every Weekday
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Data and Research
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The State of Women and Investing
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American Century and TIAA have announced partnerships with top athletes to bring awareness to the investing and income gap many women face. 
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| ECONOMIC EVENTS |
Interest on a 30-year fixed-rate mortgage averaged 5.30% for the week ending July 7, down for last week when it averaged 5.70%, according to Freddie Mac. A year ago at this time, the 30-year FRM averaged 2.90%. Interest on a 15-year fixed-rate mortgage averaged 4.45%, down from last week when it averaged 4.83%. A year ago at this time, the 15-year FRM averaged 2.20%.
In the week ending July 2, the advance figure for seasonally adjusted initial claims for unemployment insurance was 235,000, an increase of 4,000 from the previous week’s unrevised level of 231,000, the Labor Department reported. The four-week moving average was 232,500, an increase of 750 from the previous week’s unrevised average of 231,750.
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| MARKET MIRROR |
Thursday, the Dow gained 346.87 points (1.12%) to 31,384.55, the Nasdaq was up 259.49 points (2.28%) to 11,621.35 and the S&P 500 increased 57.64 points (1.50%) to close at 3,902.62. The Russell 2000 climbed 42.06 points (2.43%) to 1,769.60 and the Wilshire 5000 boosted 663.99 points (1.74%) to 38,884.58.
The price of the 10-year Treasury note fell 28/32, bringing its yield up to 3.002%. The price of the 30-year Treasury bond decreased 1 24/32, raising its yield up to 3.190%.
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ON THIS DATE: In 1608, the first French settlement at Quebec was established by Samuel de Champlain. In 1776, a 2,000-pound copper-and-tin bell now known as the “Liberty Bell” rang out from the tower of the Pennsylvania State House—now Independence Hall—in Philadelphia, summoning citizens to the first public reading of the Declaration of Independence. In 1889, journalist Charles Henry Dow published the first issue of The Wall Street Journal. In 1926, Elisabeth Kubler-Ross, a writer and lecturer who developed techniques for counseling the dying and their families, was born. In 1947, a local newspaper erroneously reported that a “flying saucer” had been recovered near Roswell, New Mexico; although that claim was quickly refuted by authorities, the Roswell incident eventually became the center of a conspiracy theory involving UFOs and extraterrestrials. In 1951, Paris, the capital city of France, celebrated turning 2,000 years old. In 1996, the British pop band the Spice Girls released their debut single, “Wannabe,” which helped make them an international sensation. In 2010, the Solar Impulse completed the first 24-hour flight by a solar-powered plane.
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