| | Millennials Are Getting Serious About Savings | | There was an impressive jump in the number of Millennials saving at least 5% of their income towards retirement or other long-term financial goals during the last year.Read more > | | | Products, Deals and People | | Prudential to Offer Student Loan Genius to Clients | | Prudential Retirement has partnered with Student Loan Genius, becoming the first retirement plan recordkeeper to offer the start-up’s new 401(k) contribution feature. The benefit allows plan sponsors to use student loan repayments as a catalyst to increase retirement savings.Read more > | | | Market Mirror | Yesterday, the Dow closed 19.66 points (0.11%) lower at 17,535.39, the NASDAQ was down 6.72 points (0.14%) at 4,766.79, and the S&P 500 increased by 1.11 (0.05%) to 2,037.05. The Russell 2000 was virtually unchanged at 1,080.22, and the Wilshire 5000 was up 14.34 points (0.07%) at 20,833.82.
On the NYSE, 3.2 billion shares traded with 1.3 advancing issues for every declining issue. On the NASDAQ, 2.7 billion shares changed hands with a 1.3 to 1 ratio of decliners to advancers.
The price of the 10-year Treasury note was up 5/32, decreasing its yield to 1.883%. The price of the 30-year Treasury bond increased 14/32, bringing its yield down to 2.651%. | | | Investing | | N.J. Unions Call on Pension Plan to Get Out of Alternatives | | A plan presented to the New Jersey State Investment Council suggests the state’s public pension fund should re-allocate hedge fund money into a 60/40 mix of publicly traded U.S. stocks and bonds.Read more > | | | Small Talk | | ON THIS DATE: In 1638, the first permanent European settlement in Delaware was established. In 1848, Niagara Falls stopped flowing for one day due to an ice jam. In 1932, Jack Benny made his radio debut. In 1943, in the U.S. rationing of meat, butter and cheese began during World War II. In 1961, the 23rd amendment to the U.S. Constitution was ratified. The amendment allowed residents of Washington, D.C., to vote for president. In 1962, Jack Paar made his final appearance on “The Tonight Show.” In 1971, a jury in Los Angeles recommended the death penalty for Charles Manson and three female followers for the 1969 Tate-La Bianca murders. In 1974, Mariner 10, the U.S. space probe became the first spacecraft to reach the planet Mercury. It had been launched on November 3, 1973. In 1974, eight Ohio National Guardsmen were indicted on charges stemming from the shooting deaths of four students at Kent State University on May 4, 1970. All the guardsmen were later acquitted. In 1979, the Committee on Assassinations Report issued by U.S. House of Representatives stated the assassination of President John F. Kennedy was the result of a conspiracy. In 1983, Erno Rubik was granted a patent for his Magic Cube. In 1993, Clint Eastwood won his first Oscars. He won them for best film and best director for the film “Unforgiven.” In 1999, the Dow Jones industrial average closed above the 10,000 mark for the first time. | | TRIVIAL PURSUITS: Do you know how many times Niagara Falls has stopped flowing and why?Read more > | | 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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