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June 30th, 2020
Insight on Plan Design & Investment Strategy Every Weekday
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| Market Mirror |
Yesterday, the Dow climbed 580.25 points (2.32%) to 25,595.80, the NASDAQ closed 116.93 points (1.20%) higher at 9,874.15, and the S&P 500 was up 44.19 points (1.47%) at 3,053.24. The Russell 2000 increased 42.43 points (3.08%) to 1,421.21, and the Wilshire 5000 gained 461.22 points (1.50%) to finish at 31,145.02.
The price of the 10-year Treasury note was up 2/32, decreasing its yield to 0.631%. The price of the 30-year Treasury bond was down 4/32, increasing its yield to 1.385%.
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ON THIS DATE: In 1859, Jean Francois Gravelet, a Frenchman known professionally as Charles Blondin, became the first daredevil to walk across Niagara Falls on a tightrope. In 1894, Korea declared independence from China and asked for Japanese aid. In 1921, President Warren G. Harding appointed former President William Howard Taft chief justice of the United States. In 1950, President Harry Truman ordered U.S. troops into Korea and authorizes the draft. In 1953, the first Corvette rolled off the Chevrolet assembly line in Flint, Michigan. In 1958, Congress passed a law authorizing the admission of Alaska as the 49th state in the Union. In 1971, the 26th Amendment to the U.S. Constitution was ratified when Ohio became the 38th state to approve it. The amendment lowered the minimum voting age to 18. In 2000, President Bill Clinton signed the E-Signature bill to give the same legal validity to an electronic signature as a signature in pen and ink.
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