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March 28th, 2023
Insight on Plan Design & Investment Strategy Every Weekday
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AWARDS
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More Plan Sponsor of the Year Finalists Announced!
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PLANSPONSOR is pleased to announce the 2023 Plan Sponsor of the Year finalists in the Nonprofit DC <$300MM and Nonprofit DC $300MM and Greater categories. Stay tuned for more announcements this week.
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MARKET MIRROR |
Monday, the Dow gained 194.55 points (0.60%) to close at 32,432.08, the Nasdaq lost 55.12 (0.47%) to close at 11,768.87 and the S&P 500 gained 6.54 points (0.16%) to close at 3,977.53. The Russell 2000 gained 18.75 points (1.08%) to close at 1,753.67 and the Wilshire 5000 gained 116.10 points (0.30%) to close at 39,375.45.
The price of the 10-year Treasury note decreased 1 25/32, bringing the yield to 3.536%. The price of the 30-year Treasury bond decreased 2 0/32, bringing the yield to 3.762%.
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ON THIS DATE: In 1774, upset by the Boston Tea Party and other acts of destruction of British property by American colonists, British Parliament enacted the Coercive Acts, better known in the American colonies as the Intolerable Acts. In 1834, President Andrew Jackson was censured by Congress for refusing to turn over documents. Jackson was the first president to be censured by Congress. In 1939, Francisco Franco, leader of the Nationalist forces during the Spanish Civil War, captured the capital city of Madrid en route to his overthrow of the democratic Spanish republic. In 1969, Dwight D. Eisenhower, the 34th president of the United States, died at age 78. In 1979, an automatic valve mistakenly closed at the Three Mile Island nuclear power plant near Harrisburg, Pennsylvania, resulting in radioactive leakage. In 1984, Bob Irsay, owner of the Baltimore Colts, moved the team to Indianapolis, Indiana, without any public announcement. Irsay hired movers to pack up the team’s offices in Owings Mills, Maryland, in the middle of the night. In 1990, Jesse Owens was posthumously awarded the Congressional Gold Medal by President George H. W. Bush. Owens won four gold medals at the 1936 Olympics in Berlin, Germany.
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