| | Market Mirror | A rout in retail stocks pulled U.S. stock indices down Wednesday, the Associated Press reports. The Dow fell 217.23 points (1.21%) to 17,711.12, the NASDAQ closed 49.19 points (1.02%) lower at 4,760.69, and the S&P 500 decreased 19.92 points (0.96%) to 2,064.47. The Russell 2000 was down 14.10 points (1.25%) at 1,114.73, and the Wilshire 5000 lost 205.59 points (0.96%) to finish at 21,324.54.
On the NYSE, 3.1 billion shares changed hands, with 1.7 declining issues for every advancing issue. On the NASDAQ, 2.7 billion shares traded, with a more than 2 to 1 lead for decliners.
The price of the 10-year Treasury note increased 9/32, bringing its yield down to 1.733%. The price of the 30-year Treasury bond climbed 26/32, decreasing its yield to 2.575%. | | | Compliance | | IRS Reminds Tax-Exempts to File Form 990 | | Losing tax-exempt status can affect the ability to offer 403(b) plans.Read more > | | | From the Magazine | | DB Plan Design: De-Risking Strategies | | Defined benefit (DB) pension plans are complicated mechanisms, that complexity giving rise to a number of sponsor and participant risks. Yet the plans’ many moving parts also provide sponsors with several levers to pull, to mitigate the challenges.Read more > | | Participant Readiness: Optimizing Financial Wellness | | Having spent the past few years instituting plan provisions to boost participation and deferrals, many retirement plan sponsors now are taking a longer view of the financial challenges their employees face that will influence retirement-savings adequacy.Read more > | | | Small Talk | | ON THIS DATE: In 1847, William Clayton invented the odometer. In 1926, the airship Norge became the first vessel to fly over the North Pole. In 1957, A.J. Foyt won his first auto racing victory in Kansas City, Missouri. In 1978, the National Oceanic and Atmospheric Administration announced that they would no longer exclusively name hurricanes after women. In 2015, it was announced that Verizon would be acquiring AOL. | | SURVEY SAYS: I once had to tell a co-worker that people were avoiding her and talking about her because she didn’t wash her hands after using the restroom. It was awkward, but I felt, as her friend, I should let her know, so she wouldn’t be shunned. This week, I’d like to know, have you had an awkward conversation with a co-worker? If so, what was it about? You may respond to this week’s survey by 6 p.m. Pacific time today.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 > |
|
