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 | 2018 Plan Sponsor of the Year: Nu Skin EnterprisesDirect selling firms are typically not associated with running an exceptional retirement plan—but read how Nu Skin demonstrates exactly what is possible when there is corporate leadership buy-in to improve retirement readiness.Read more > |
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| Economic Events | |
| THE ECONOMIC WEEK AHEAD: Tomorrow, the Census Bureau will report about retail sales for April and business trade for March. Wednesday, the Census Bureau will report about housing starts for April. Thursday, the Labor Department will issue its initial claims report. | |
| Market Mirror | |
Friday, the Dow gained 91.64 points (0.37%) to finish at 24,831.17, the NASDAQ was down 2.09 points (0.03%) at 7,402.88, and the S&P 500 increased 4.65 points (0.17%) to 2727.72. The Russell 2000 closed 3.08 points (0.19%) higher at 1,606.79, and the Wilshire 5000 was up 43.55 points (0.15%) at 28,353.38.
The price of the 10-year Treasury note was down 1/32, increasing its yield to 2.965%. The price of the 30-year Treasury note was up 12/32, decreasing its yield to 3.101%. WEEK’S WORTH: For the week ending May 11, the Dow was up 2.34%, the NASDAQ climbed 2.68%, and the S&P 500 finished 2.41% higher. The Russell 2000 gained 2.63%, and the Wilshire 5000 increased 2.36%. | |
| Investing | |
| NTAM Factor Research Leader: Get Paid for the Risk You Take | |
| Many institutions have found real success with factor investing and smart-beta, but there are some emerging challenges that investors should consider.Read more > | |
| Products, Deals and People | |
| Retirement Industry People Moves | |
| Hub acquires The Barnett Group; Voya acquires Pen-Call to offer nonqualified services; Transamerica veterans expand distribution roles; and more.Read more > | |
| Small Talk | |
| ON THIS DATE: In 1607, an expedition led by Captain Christopher Newport went ashore at Jamestown, Virginia. The group had arrived at the location the day before. This became the first permanent English colony in America. In 1796, the first smallpox vaccination was given by Edward Jenner. In 1804, William Clark set off the famous expedition from Camp Dubois. A few days later, in St. Louis, Meriwether Lewis joined the group. The group was known as the “Corps of Discovery.” In 1897, “The Stars and Stripes Forever” by John Phillip Sousa was performed for the first time. It was at a ceremony where a statue of George Washington was unveiled. In 1913, the Rockefeller Foundation was created by John D. Rockefeller with a gift of $100,000,000. In 1942, the Women’s Auxiliary Army Corps (WAAC) was established by an act of Congress. In 1961, a bus carrying Freedom Riders was bombed and burned in Alabama. In 1973, Skylab One was launched into orbit around Earth as the first U.S. manned space station. In 1980, President Jimmy Carter inaugurated the Department of Health and Human Services. In 1985, Ray Kroc’s first McDonald’s restaurant became the first fast-food business museum. It is located in Des Plaines, Illinois. In 1998, the Associated Press marked its 150th anniversary. In 1998, the final episode of the TV series “Seinfeld” aired after nine years on NBC. | |
| SURVEY SAYS RESPONSES: Last week, I asked NewsDash readers to share words of wisdom, advice or comfort they remember their moms telling them. I also got their comments about Mother’s Day. The moms’ (and grandmothers’) wisdom shared included some my own mother said, such as “If you can’t say something nice, don’t say anything at all,” and “Be careful what you [ask for], you might get it.” And there were many others I have never heard, including one I thought was clever, “There are two things for dinner: take it or leave it,” and one I found amusing, “To each their own….said the old lady as she kissed her cow.” Readers’ comments about Mother’s Day included some expressing gratefulness for having their mothers still alive and some saying they miss their mothers. They also included a mother’s perspective, suggestions that everyone should treat their mothers well every day, and one comment that may make your mouth drop open as it did mine. Editor’s Choice goes to the reader who said: “My mother passed away in 2004 and I still reach for the phone to call her. Never forget to call her or give her a hug. Tell her you love her. Someday you won’t be able to.” Thanks to everyone who completed the survey!Read more > | |
| Share the news with a friend! Pass the NewsDash along and tell your friends/associates they can sign up for their own copy.Read more > |
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Editorial: Alison Cooke Mintzer alison.mintzer@strategic-i.com
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