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March 31st, 2020
Insight on Plan Design & Investment Strategy Every Weekday
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SPONSORED BY: Mercer
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Navigating market volatility
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Outsourced CIO frees your team to manage other priorities during these challenging times. Click to download the latest perspective from Mercer Defined Contribution Consultants. 
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| Market Mirror |
Yesterday, the Dow gained 690.70 points (3.19%) to finish at 22,327.48, the NASDAQ closed 271.77 points (3.62%) higher at 7,774.15, and the S&P 500 increased 85.18 points (3.35%) to 2,626.65. The Russell 2000 was up 26.33 points (2.33%) at 1,158.32, and the Wilshire 5000 climbed 774.80 points (3.04%) to 26,275.37.
The price of the 10-year Treasury note was down 1/32, increasing its yield to 0.688%. The price of the 30-year Treasury bond decreased 1 25/32, bringing its yield up to 1.314%.
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SPONSORED BY: MassMutual
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Why COLI? Why MassMutual?
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Interview with Mark Laramee Managing Director of COLI Sales, Institutional Solutions
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ON THIS DATE: In 1885, Binney & Smith Company was founded in New York City. The company later became Crayola, LLC. In 1889, the Eiffel Tower officially opened. In 1906, the Intercollegiate Athletic Association of the United States was founded to set rules in amateur sports. The organization became the National Collegiate Athletic Association in 1910. In 1917, the U.S. purchased and took possession of the Virgin Islands from Denmark for $25 million. In 1918, for the first time in the U.S., Daylight Saving Time went into effect. In 1932, the Ford Motor Co. debuted its V-8 engine. In 1933, Congress authorized the Civilian Conservation Corps to relieve rampant unemployment. In 1940, La Guardia airport in New York officially opened to the public. In 1945, “The Glass Menagerie” by Tennessee Williams opened on Broadway. In 1966, the Soviet Union launched Luna 10, which became the first spacecraft to enter a lunar orbit. In 1987, HBO (Home Box Office) earned its first Oscar for “Down and Out in America.” In 1994, “Nature” magazine announced that a complete skull of Australppithecus afarensis had been found in Ethiopia. The finding is of humankind’s earliest ancestor. In 1998, Buddy Hackett received a star on the Hollywood Walk of Fame. In 1998, for the first time in U.S. history the federal government’s detailed financial statement was released. This occurred under President Bill Clinton’s administration. In 2004, Google announced that it would be introducing a free e-mail service called Gmail.
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