| Market Mirror | U.S. stock indices closed mostly lower Tuesday as airlines, cruise companies and travel booking sites fell following the attacks in Belgium, according to the Associated Press. The Dow lost 41.30 points (0.23%) to finish at 17,582.57, the NASDAQ was up 12.79 points (0.27%) at 4,821.66, and the S&P 500 closed 2.83 points (0.14%) lower at 2,048.77. The Russell 2000 decreased by 1.24 (0.11%) to 1,097.34, and the Wilshire 5000 was down 14.90 points (0.07%) at 20,984.97.
On the NYSE, 3.2 billion shares traded, and on the NASDAQ, 2.9 billion shares changed hands, with a slight lead for declining issues on both exchanges.
The price of the 10-year Treasury note decreased 7/32, bringing its yield up to 1.943%. The price of the 30-year Treasury bond was down 5/32, increasing its yield to 2.726%. | | Compliance | PBGC Issues Final Annual Reporting Rules | The final rules modify waivers and information requirements to better balance the burden of reporting with PBGC’s need for information, and to make certain technical changes.Read more > | Top Hat Plan Dispute Time Barred | A federal appellate court did not even consider whether the plan in question was a top hat plan because it found the lawsuit missed the statute of limitations under Maryland law.Read more > | Education Changes Are Likely with Stronger Fiduciary Rule | The “education carve-out” is considered by retirement plan providers to be one of the most high-stakes elements of the fiduciary rulemaking effort.Read more > | | Investing | TDFs Dominated by Proprietary Holdings | Nearly 90% of the assets in target-date mutual funds and CITs are controlled by products that invest only in the proprietary funds of the series sponsor.Read more > | | Small Talk | March Madness activities at work are less of a slam dunk for increasing morale and productivity, new research from staffing firm OfficeTeam suggests. Five percent of senior managers surveyed feel March Madness activities in the workplace, such as watching games or participating in pools that don’t involve money, have a very positive impact on employee morale, compared to 9% last year. More than one-quarter (27%) say they have a somewhat positive impact, but this is down from 41% last year.Read more > | ON THIS DATE: In 1775, American revolutionary Patrick Henry declared, “give me liberty, or give me death!” In 1806, explorers Lewis and Clark reached the Pacific coast, and began their return journey to the east. In 1839, the first recorded printed use of “OK” [oll korrect] occurred in Boston’s Morning Post. In 1858, Eleazer A. Gardner patented the cable streetcar. In 1868, the University of California was founded in Oakland. In 1889, U.S. President Benjamin Harrison opened Oklahoma for colonization. In 1903, the Wright brothers obtained an airplane patent. In 1909, British Lt. Ernest Shackleton found the magnetic South Pole. In 1940, “Truth or Consequences” was heard on radio for the first time. In 1942, during World War II, the U.S. government began evacuating Japanese-Americans from West Coast homes to detention centers. In 1965, America’s first two-person space flight took off from Cape Kennedy with astronauts Virgil I. Grissom and John W. Young aboard. The craft was the Gemini 3. In 1983, Dr. Barney Clark died after 112 days with a permanent artificial heart. In 1990, former Exxon Valdez Captain Joseph Hazelwood was ordered to help clean up Prince William Sound and pay $50,000 in restitution for the 1989 oil spill. In 1998, the movie “Titanic” won 11 Oscars at the Academy Awards.
WEDNESDAY WISDOM: “People seldom refuse help, if one offers it in the right way.”—A. C. Benson, English poet and author | Share the good news with a friend! Pass the NewsDash along – and tell your friends/associates they can sign up for their own copy.Read more > |
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