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June 11th, 2020
Insight on Plan Design & Investment Strategy Every Weekday
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Events
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A Notice About Our Fall/Winter Conferences
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It’s difficult to plan for the second half of the year, considering that so much is unknown, but we do know how important it is to gather with and learn from your peers and industry experts. However, we realize you have concerns about travel to, and attendance at, in-person events; we have them too.
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Economic Events |
In May, the Consumer Price Index for All Urban Consumers (CPI-U) fell 0.1% on a seasonally adjusted (SA) basis; rising 0.1% over the last 12 months, not seasonally adjusted (NSA), according to the Bureau of Labor Statistics. The index for all items less food and energy fell 0.1% in May, SA; up 1.2% over the year, NSA.
Real average hourly earnings decreased 0.9% over the month in May, SA. Average hourly earnings decreased 1.0% and CPI-U decreased 0.1%. Real average weekly earnings increased 0.5% over the month.
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Market Mirror |
Wednesday, the Dow closed 282.31 points (1.04%) lower at 26,989.99, the NASDAQ increased 66.59 points (0.67%) to 10,020.35, and the S&P 500 was down 17.04 points (0.53%) at 3,190.14. The Russell 2000 lost 39.66 points (2.63%) to finish at 1,467.39, and the Wilshire 5000 decreased to 32,465.88.
The price of the 10-year Treasury note was up 9/32, decreasing its yield to 0.735%. The price of the 30-year Treasury bond increased 1 6/32, bringing its yield down to 1.511%.
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ON THIS DATE: In 1770, Captain James Cook discovered the Great Barrier Reef off of Australia when he ran aground. In 1895, Charles E. Duryea received the first U.S. patent granted to an American inventor for a gasoline-driven automobile. In 1936, the Presbyterian Church of America was formed in Philadelphia. In 1963, facing federalized Alabama National Guard troops, Alabama Governor George Wallace ended his blockade of the University of Alabama in Tuscaloosa and allowed two African American students to enroll. In 1972, Hank Aaron tied the National League record for 14 grand-slam home runs in a career. In 1979, John Wayne, American film actor famous for starring in countless westerns, died at age 72. In 1990, the U.S. Supreme Court struck down a law that would prohibit the desecration of the American flag.
No SURVEY SAYS this week.
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