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March 5th, 2020
Insight on Plan Design & Investment Strategy Every Weekday
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Market Mirror |
Wednesday, the Dow gained 1,173.45 points (4.53%) to finish at 27,090.86, the NASDAQ closed 334 points (3.85%) higher at 9,018.09, and the S&P 500 increased 126.75 points (4.22%) to 3,130.12. The Russell 2000 was up 45.11 points (3.04%) at 1,531.20, and the Wilshire 5000 climbed 1,212.77 points (3.97%) to 31,783. 77.
The price of the 10-year Treasury note was down 4/32, increasing its yield to 1.034%. The price of the 30-year Treasury bond fell 1 29/32, bringing its yield to 1.680%.
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ON THIS DATE: In 1868, the Senate was organized into a court of impeachment to decide charges against President Andrew Johnson. In 1918, the Soviets moved the capital of Russia from Petrograd to Moscow. In 1923, old-age pension laws were enacted in the states of Montana and Nevada. In 1933, President Franklin D. Roosevelt ordered a four-day bank holiday in order to stop large amounts of money from being withdrawn from banks. In 1946, in one of the most famous orations of the Cold War period, British Prime Minister Winston Churchill condemned the Soviet Union’s policies in Europe and declared, “From Stettin in the Baltic to Trieste in the Adriatic, an iron curtain has descended across the continent.” Churchill’s speech is considered one of the opening volleys announcing the beginning of the Cold War. In 1956, the U.S. Supreme Court affirmed the ban on segregation in public schools. In 1963, the Hula Hoop, a hip-swiveling toy that became a huge fad across America when it was first marketed by Wham-O in 1958, was patented by the company’s co-founder, Arthur “Spud” Melin. In 1985, Mike Bossy (New York Islanders) became the first National Hockey League player to score 50 goals in eight consecutive seasons. In 1997, North Korea and South Korea met for first time in 25 years for peace talks. In 1998, NASA announced that an orbiting craft had found enough water on the moon to support a human colony and rocket fueling station. In 1998, it was announced that Air Force Lt. Col. Eileen Collins would lead the crew of Columbia on a mission to launch a large X-ray telescope. She was the first woman to command a space shuttle mission.
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