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June 28th, 2022
Insight on Plan Design & Investment Strategy Every Weekday
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| ECONOMIC EVENTS |
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New orders for manufactured durable goods in May increased $1.9 billion or 0.7% to $267.2 billion, the U.S. Census Bureau reported. This increase, up seven of the last eight months, followed a 0.4% April increase. Excluding transportation, new orders increased 0.7%. Excluding defense, new orders increased 0.6%. Transportation equipment, up two consecutive months, led the increase, $0.7 billion or 0.8% to $87.6 billion.
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| MARKET MIRROR |
Monday, the Dow was down 62.42 points (0.20%) to 31,438.26, the Nasdaq lost 83.07 points (0.72%) to 11,524.55, and the S&P 500 dropped 11.63 points (0.30%) to 3,900.11. The Russell 2000 was up 6.01 points (0.34%) to 1,771.74, and the Wilshire 5000 decreased 108.07 points (0.28%) to 38,822.51.
The price of the 10-year Treasury note decreased 6/32, bringing its yield up to 3.210%. The price of the 30-year Treasury bond decreased 1 1/32, bringing its yield up to 3.324%.
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ON THIS DATE: In 1778, Mary “Molly Pitcher” Hays McCauley, wife of an American artilleryman, carried water to the soldiers during the American Revolution’s Battle of Monmouth and, as told by folklore, she took her husband’s place on the battlefield after he was overcome with heat. In 1838, Queen Victoria was crowned queen of the United Kingdom of Great Britain and Ireland. In 1889, Maria Mitchell, the first professional female astronomer in the United States, died at age 70. In 1894, the U.S. Congress declared the first Monday of September to be Labor Day, a holiday to honor the American worker. In 1911, Samuel J. Battle became the first African American policeman in New York City. In 1919, the Treaty of Versailles was signed at the Palace of Versailles in France, signifying the end of World War I. In 1953, workers at a Chevrolet plant in Flint, Michigan, assembled the first Corvette, a two-seater sports car that became an American icon. In 1969, a series of confrontations between police and gay rights activists began outside the Stonewall Inn, a gay bar in New York City; the riots helped launch an international gay rights movement. In 1976, the first women entered the U.S. Air Force Academy. In 1997, Mike Tyson was disqualified for biting Evander Holyfield’s ear after three rounds of their WBA heavyweight title fight in Las Vegas. In 2004, the U.S. Supreme Court ruled that enemy combatants could challenge their detention in U.S. courts.
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