|
March 18th, 2024
Insight on Plan Design & Investment Strategy Every Weekday
|
|
|
|
|
|
|
|
|
|
| ECONOMIC EVENTS |
|
Tuesday, the Census Bureau will report new housing starts for February. Thursday, the Department of Labor will issue its initial jobless claims report, Freddie Mac will update average mortgage rates for the week and the National Association of Realtors will report existing home sales for February.
|
|
|
|
| MARKET MIRROR |
Friday, the Dow fell 190.89 points (0.49%) to close at 38,714.77, the Nasdaq fell 155.36 points (0.96%) to close at 15,973.17 and the S&P 500 fell 33.39 points (0.65%) to close at 5,117.09. The Russell 2000 rose 8.15 points (0.40%) to close at 2,039.32, and the FT Wilshire 5000 Index fell 289.79 points (0.56%) to close at 51,445.53.
The 10-year Treasury note fell 2/32, bringing the yield to 4.313. The 30-year Treasury bond rose 23/32, bringing the yield to 4.430%.
For the week ending March 15, the Dow fell 0.02%, the Nasdaq fell 0.70% and the S&P 500 fell 0.13%. The Russell 2000 fell 2.08%, and the FT Wilshire 5000 Index ended 0.33% lower.
|
|
|
|
|
|
|
|
DEALS AND PEOPLE
|
|
Retirement Industry People Moves
|
Malone to lead protected retirement sales at Nationwide; Definiti appoints new sales and ERISA leadership; Principal hires Bender to large market strategy; and more. 
|
|
|
AWARDS
|
|
2024 Service Stars Announced
|
|
The PLANSPONSOR Service Star Awards program recognizes the retirement plan account representatives and relationship managers who, in the words of their plan sponsor clients, have demonstrated exemplary service.
|
|
|
|
|
ON THIS DATE: In 1902, Italian operatic tenor Enrico Caruso, one of the first musicians to document his voice on the gramophone, made his first phonograph recording. In 1906, the first monoplane, constructed by the Romanian inventor Trajan Vuia, made a flight of 40 feet. In 1932, writer John Updike—whose novels, short stories, and poems are known for their realistic but subtle depiction of “American, Protestant, small-town, middle-class” life—was born. In 1936, politician F.W. de Klerk—who, as president of South Africa from 1989 to 1994, brought the apartheid system of racial segregation to an end and negotiated a transition to majority rule in his country—was born. In 1964, speed skater Bonnie Blair, one of the most successful American women athletes in Olympic competition, was born in Cornwall, New York. In 1965, Soviet cosmonaut Aleksei Leonov, after passing through an air lock on the spacecraft Voskhod 2, became the first man to walk in space. In 1974, seven member countries of OPEC lifted a five-month oil embargo against the U.S. In 1990, two men pretending to be police officers stole 13 works, including paintings by Rembrandt and Johannes Vermeer, from the Isabella Stewart Gardner Museum in Boston; the stolen art was never recovered. In 2000, Chen Shui-bian, a leader of the pro-independence movement that sought statehood for the Republic of China (Taiwan), was elected president of Taiwan, breaking the Nationalist Party’s 55-year rule. In 2012, Tongan King Tupou V died and was succeeded by his younger brother, Crown Prince Lavaka, who took the name Tupou VI. In 2017, singer-songwriter and guitarist Chuck Berry, who was a leading and influential performer in rhythm-and-blues and rock-and-roll music, died at age 90.
|
|
|
Did someone forward you this newsletter? Sign up here to get NEWSDash directly in
your mailbox!
|
|
Copyright ©2025 Asset International, Inc. All rights reserved.
No reproduction without prior authorization.
|
|
702 King Farm Boulevard, Suite 300, Rockville, MD 20850
|
|
|
