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June 2nd, 2020
Insight on Plan Design & Investment Strategy Every Weekday
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Economic Events |
Construction spending during April was estimated at a seasonally adjusted annual rate of $1,346.2 billion, 2.9% below the revised March estimate of $1,386.6 billion, the Census Bureau reported. The April figure is 3.0% above the April 2019 estimate of $1,307.1 billion. During the first four months of this year, construction spending amounted to $412.5 billion, 7.1% above the $385.2 billion for the same period in 2019.
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Market Mirror |
Yesterday, the Dow gained 91.91 points (0.36%) to finish at 25,475.02, the NASDAQ closed 62.18 points (0.66%) higher at 9,552.05, and the S&P 500 was up 11.42 points (0.38%) at 3,055.73. The Russell 2000 increased 11.34 points (0.81%) to 1,405.37, and the Wilshire 5000 climbed 181.03 points (0.59%) to 31,108.07.
The price of the 10-year Treasury note was down 1/32, increasing its yield to 0.670%. The price of the 30-year Treasury bond fell 1 24/32, bringing its yield up to 1.464%.
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ON THIS DATE: In 1865, in an event that is generally regarded as marking the end of the Civil War, Confederate General Edmund Kirby Smith, commander of Confederate forces west of the Mississippi, signed the surrender terms offered by Union negotiators. In 1924, with Congress’ passage of the Indian Citizenship Act, the government of the United States conferred citizenship on all Native Americans born within the territorial limits of the country. In 1935, Babe Ruth ended his Major League Baseball playing career after 22 seasons, 10 World Series and 714 home runs. In 1953, Queen Elizabeth II was formally crowned monarch of the United Kingdom. In 1966, Surveyor 1, the U.S. space probe, landed on the moon and started sending photographs back to Earth of the Moon’s surface. It was the first soft landing on the Moon. In 1997, Timothy McVeigh, a former U.S. Army soldier, was convicted on 15 counts of murder and conspiracy for his role in the 1995 terrorist bombing of the Alfred P. Murrah Federal Building in Oklahoma City.
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