| | Market Mirror | Yesterday, the Dow gained 669.40 points (2.84%) to finish at 24,202.60, the NASDAQ closed 227.88 points (3.26%) higher at 7,220.54, and the S&P 500 increased 70.29 points (2.72%) to 2,658.55. The Russell 2000 was up 33.63 points (2.23%) at 1,543.71, and the Wilshire 5000 climbed 692.94 points (2.57%) to 27,605.57. The price of the 10-year Treasury note was down 7/32, increasing its yield to 2.841%. The price of the 30-year Treasury bond decreased 12/32, bringing its yield up to 3.082%. | | | Investing | | Pre-Retirees Seemingly Unaware of What Market Volatility Can Do to Savings | | The MassMutual Retirement Savings Risk Study found 94% of pre-retirees and 92% of retirees “strongly agree” or “somewhat agree” that it is important to take steps to avoid major stock market losses right before retirement. One in two pre-retirees (49%) and one in three retirees (32%) are apprehensive about taking too much investment risk, the study finds. However, the study finds that many retirees and pre-retirees are more focused on growing rather than preserving their assets: 59% of pre-retirees and 32% of retirees describe their primary investment strategy as focused on either “aggressive growth” or “moderate growth.”Read more > | | | Small Talk | | ON THIS DATE: In 1794, Congress authorized the creation of the U.S. Navy. In 1866, U.S. President Andrew Johnson vetoed the civil rights bill, which later became the 14th amendment. In 1912, the first cherry blossom trees were planted in Washington, D.C. The trees were a gift from Japan. In 1952, the U.S. Eighth Army reached the 38th parallel in Korea, the original dividing line between the two Koreas. In 1976, Washington, D.C., opened its subway system. In 1985, Billy Dee Williams received a star on the Hollywood Walk of Fame. | | TRIVIAL PURSUITS: Many of us associate coffee with countries in South America, but it took a long journey for the drink to get there. Where was coffee first discovered?Read more > | | Share the 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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