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March 11th, 2020
Insight on Plan Design & Investment Strategy Every Weekday
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SPONSORED BY: Mercer
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Mercer OCIO frees you to focus on what matters most.
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As a leading defined contribution OCIO provider in the U.S., Mercer can help you meet plan goals and improve employee outcomes. Click to schedule a free consultation from the #1 OCIO provider. 
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| Market Mirror |
Tuesday, the Dow surged higher 1,167.14 points (4.89%) to 25,018.16, the NASDAQ gained 393.58 points (4.95%) to finish at 8,344.25, and the S&P 500 closed 135.67 points (4.94%) higher at 2,882.23. The Russell 2000 increased 37.46 points (2.85%) to 1,350.90, and the Wilshire 5000 climbed 1,313.22 points (4.73%) to 29,088.20.
The price of the 10-year Treasury note decreased 2 2/32, bringing its yield up to 0.795%. The price of the 30-year Treasury bond fell 7 30/32, increasing its yield to 1.299%.
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ON THIS DATE: In 1824, the U.S. War Department created the Bureau of Indian Affairs. Seneca Indian Ely Parker became the first Indian to lead the Bureau. In 1861, a Confederate Convention was held in Montgomery, Alabama, where a new constitution was adopted. In 1865, Union General William Sherman and his forces occupied Fayetteville, North Carolina. In 1882, the Intercollegiate Lacrosse Association was formed in Princeton, New Jersey. In 1888, one of the worst blizzards in American history struck the Northeast, killing more than 400 people and dumping as much as 55 inches of snow in some areas. In 1901, U.S. Steel was formed when industrialist J.P. Morgan purchased Carnegie Steel Corp. In 1930, Babe Ruth signed a two-year contract with the New York Yankees for the sum of $80,000. In 1930, President Howard Taft became the first U.S. president to be buried in the National Cemetery in Arlington, Virginia. In 1941, President Franklin D. Roosevelt signed the Lend-Lease Act, which authorized the provision of war supplies to the Allies. In 1964, Senator Carl Hayden broke the record for continuous service in the U.S. Senate. He had worked 37 years and seven days. In 1969, Levi-Strauss started selling bell-bottomed jeans. In 1993, Janet Reno was unanimously confirmed by the Senate to become the first female attorney general. In 2002, two columns of light were pointed skyward from ground zero in New York City as a temporary memorial to the victims of the terrorist attacks of September 11, 2001.
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WEDNESDAY WISDOM: “The less you talk, the more you’re listened to.”—Pauline Phillips, also known as Abigail Van Buren, who began the Dear Abby newspaper column
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