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June 29th, 2020
Insight on Plan Design & Investment Strategy Every Weekday
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PLANSPONSOR Plan Progress Webinar
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The Road Ahead for Plan Sponsors
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To get their plans and participants moving forward again, sponsors can perform several steps that examine multiple areas of plan management. Join PLANSPONSOR, industry experts and a plan sponsor to review what plan sponsors should evaluate once their operations start ramping up again. 
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| Economic Events |
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Tomorrow, the Conference Board will release its Consumer Confidence Index for June. Wednesday, the Census Bureau will report about construction spending for May. Thursday, the Labor Department will issue its initial claims report, the Bureau of Labor Statistics will reveal the unemployment rate for June, and the Census Bureau will report about factory orders for May.
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| Market Mirror |
Friday, the Dow plunged 730.05 points (2.84%) to 25,015.55, the NASDAQ dropped 259.78 points (2.59%) to 9,757.22, and the S&P 500 decreased 74.71 points (2.42%) to 3,009.05. The Russell 2000 closed 34.53 points (2.44%) lower at 1,378.78, and the Wilshire 5000 fell 770.52 points (2.45%) to 30,683.80.
The price of the 10-year Treasury note was up 4/32, decreasing its yield to 0.647%. The price of the 30-year Treasury bond increased 1 27/32, bringing its yield down to 1.373%.
For the week ending June 26, the Dow fell 3.31%, the NASDAQ was down 1.90%, and the S&P 500 finished 2.86% lower. The Russell 2000 decreased 2.81%, and the Wilshire 5000 lost 2.94%.
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ON THIS DATE: In 1652, Massachusetts declared itself an independent commonwealth. In 1776, the Virginia constitution was adopted and Patrick Henry was made governor. In 1950, President Harry S. Truman authorized a sea blockade of Korea. In 1953, the Federal Highway Act authorized the construction of 42,500 miles of freeway from coast to coast. In 1972, in Furman v. Georgia, the U.S. Supreme Court ruled by a vote of 5-4 that capital punishment, as it was employed at the time on the state and federal level, was unconstitutional. However, because the Supreme Court suggested new legislation that could make death sentences constitutional again, it was not an outright victory for opponents of the death penalty. In 1995, the American space shuttle Atlantis docked with the Russian space station Mir to form the largest man-made satellite ever to orbit the Earth. In 2000, in Santa Rosa, California, the official groundbreaking ceremony took place for the Charles M. Schulz Museum. In 2011, the state of Nevada passed the first law that permitted the operation of autonomous cars on public roads. The law did not permit the use of the cars by the general public.
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