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June 15th, 2020
Insight on Plan Design & Investment Strategy Every Weekday
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| Economic Events |
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Tomorrow, the Census Bureau will report about retail sales for May and business trade for April. Thursday, the Labor Department will issue its initial claims report.
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| Market Mirror |
Friday, the Dow climbed 477.37 points (1.90%) to 25,605.54, the NASDAQ increased 96.08 points (1.01%) to 9,588.81, and the S&P 500 was up 39.21 points (1.31%) at 3,041.31. The Russell 2000 closed 31/46 points (2.32%) higher at 1,387.68, and the Wilshire 5000 gained 415.00 points (1.36%) to finish at 30,947.19.
The price of the 10-year Treasury note was down 3/32, increasing its yield to 0.704%. The price of the 30-year Treasury bond fell 1 25/32, bringing its yield up to 1.458%.
For the week ending June 12, the Dow lost 5.55%, the NASDAQ was down 2.30%, and the S&P 500 decreased 4.78%. The Russell 2000 fell 7.93%, and the Wilshire 5000 finished 4.85% lower.
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Deals and People
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Retirement Industry People Moves
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Sikich adds senior specialist to retirement plan services team; DWS announces changes to global business side; Penchecks elects new CEO; and more. 
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ON THIS DATE: In 1775, George Washington was appointed head of the Continental Army by the Second Continental Congress. In 1836, Arkansas became the 25th U.S. state. In 1864, an order to establish a military burial ground was signed by Secretary of War Edwin M. Stanton. The location later became known as Arlington National Cemetery. In 1877, Henry O. Flipper became the first African American to graduate from the U.S. Military Academy at West Point. In 1898, the House of Representatives approved the annexation of Hawaii. In 1911, the Computing-Tabulating-Recording Co. was incorporated in the state of New York. The company was later renamed International Business Machines (IBM) Corp. In 1924, J. Edgar Hoover assumed leadership of the FBI. In 1934, the Great Smokey Mountains National Park was dedicated. In 1982, the Supreme Court ruled all children, regardless of citizenship, are entitled to a public education.
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