| Products, Deals and People | Lincoln Launches Financial Education Campaign for Women | In an upcoming campaign, Lincoln Financial Group will share steps women can take to achieve enhanced financial outcomes.Read more > | Fidelity Expanding Managed Account Options | In response to a growing demand for “Do-it-for-me” investment solutions that better meet an individual’s retirement savings needs, Fidelity says it is releasing two enhancements. The firm’s new Index-based managed account will track a market benchmark using index funds from the employer’s 401(k) lineup. The Index-based managed account complements Fidelity’s Core offering and gives employers the option to choose the solution that best aligns with their investment philosophy and plan objectives. Fidelity is also offering its “Smart QDIA,” which consists of a target-date fund (TDF) and the Fidelity Portfolio Advisory Service at Work (PAS-W) managed account.Read more > | | Market Mirror | Wednesday, the Dow closed 42.18 points (0.20%) lower at 20,659.32, the NASDAQ closed 22.41 points (0.38%) higher at 5,897.55, and the S&P 500 was down 2.56 points (0.11%) at 2,361.13. The Russell 2000 increased 4.38 points (0.32%) at 1,371.64, and the Wilshire 5000 closed 36.96 points (0.15%) higher at 24,567.99.
On the NYSE, 3.1 billion shares traded, with advancing issues outnumbering declining issues nearly 2 to 1. On the NASDAQ, 3.0 billion shares changed hands, with 3 advancers for every 2 decliners.
The price of the 10-year Treasury note increased 11/32, bringing its yield down to 2.379%. The price of the 30-year Treasury bond climbed 25/32, decreasing its yield to 2.987%. | | Compliance | Fiduciary Rule Delay Under Final Review | Experts warn that plan sponsors may face their own set of challenges if and when the DOL fiduciary rule is overturned by the new administration.Read more > | | Small Talk | ON THIS DATE: In 1822, Florida became a U.S. territory. In 1842, Dr. Crawford W. Long performed the first operation while his patient was anesthetized by ether. In 1858, Hyman L. Lipman of Philadelphia patented the pencil. In 1867, the U.S. purchased Alaska from Russia for $7.2 million dollars. In 1870, the 15th amendment, guaranteeing the right to vote regardless of race, was passed by the U.S. Congress. In 1870, Texas was readmitted to the Union. In 1939, the comic book “Detective Comics #27” appeared on newstands. This comic introduced Batman. In 1964, “Jeopardy” debuted on NBC-TV. In 1981, U.S. President Ronald Reagan was shot and wounded in Washington, D.C., by John W. Hinckley Jr. Two police officers and Press Secretary James Brady were also wounded. In 1998, Rolls-Royce was purchased by BMW in a $570 million deal. In 2009, the Port Authority of New York and New Jersey confirmed that the new World Trade Center building would be officially known by its legal name of “One World Trade Center.”
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