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March 4th, 2021
Insight on Plan Design & Investment Strategy Every Weekday
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Awards
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2021 Plan Sponsor of the Year Finalists
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Today, we are pleased to announce the 2021 Plan Sponsor of the Year awards finalists in the Corporate 401(k) >$1B and Corporate 401(k) >$300MM – $1B categories.
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Market Mirror |
Wednesday, the Dow was down 121.43 points (0.39%) at 31,270.09, the Nasdaq fell 361.04 points (2.70%) to 12,997.75, and the S&P 500 closed 50.57 points (1.31%) lower at 3,819.72. The Russell 2000 decreased 23.72 points (1.06%) to 2,207.79, and the Wilshire 5000 lost 643.95 points (1.57%) to finish at 40,496.95.
The price of the 10-year Treasury note decreased 28/32, bringing its yield up to 1.470%. The price of the 30-year Treasury bond fell 1 2/32, increasing its yield to 2.266%.
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ON THIS DATE: In 1789, the first Congress of the United States met in New York and declared that the U.S. Constitution was in effect. In 1791, Vermont was admitted as the 14th U.S. state. In 1794, the 11th Amendment to the U.S. Constitution was passed by Congress. The Amendment limited the jurisdiction of the federal courts to automatically hear cases brought against a state by the citizens of another state. Later interpretations expanded this to include citizens of the state being sued, as well. In 1877, Emile Berliner invented the microphone. In 1902, the American Automobile Association was founded in Chicago. In 1917, Jeanette Rankin of Montana took her seat as the first woman elected to the House of Representatives. In 1933, Labor Secretary Frances Perkins became the first woman to serve in a Presidential administrative cabinet. In 1950, Walt Disney’s “Cinderella” was released across the U.S. In 1954, in Boston, Peter Bent Brigham Hospital reported the first successful kidney transplant. In 1974, “People” magazine was available for the first time. In 1997, President Bill Clinton barred federal spending on human cloning.
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