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May 17th, 2022
Insight on Plan Design & Investment Strategy Every Weekday
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| Market Mirror |
Monday, the Dow was up 26.76 points (0.08%) to 32,223.42, the Nasdaq fell 142.21 points (1.20%) to 11,662.79, and the S&P 500 decreased 15.88 points (0.39%) to 4,008.01. The Russell 2000 closed 9.24 points (0.52%) lower at 1,783.43, and the Wilshire 5000 lost 236.12 points (0.59%) to finish at 39,786.15.
The price of the 10-year Treasury note was up 4/32, decreasing its yield to 2.878%. The price of the 30-year Treasury bond was down 3/32, increasing its yield to 3.100%.
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ON THIS DATE: In 1792, the New York Stock Exchange was founded at 70 Wall Street by 24 brokers. In 1875, the first Kentucky Derby was run at Louisville, Kentucky. In 1932, Congress changed the name “Porto Rico” to “Puerto Rico.” In 1946, President Harry Truman seized control of the nation’s railroads, delaying a threatened strike by engineers and trainmen. In 1954, in a major civil rights victory, the U.S. Supreme Court handed down an unanimous decision in Brown v. Board of Education of Topeka, ruling that racial segregation in public educational facilities is unconstitutional. In 1973, in Washington, D.C., the Senate Select Committee on Presidential Campaign Activities, headed by Senator Sam Ervin of North Carolina, began televised hearings on the escalating Watergate scandal. In 1987, Eric ‘Sleepy’ Floyd of the Golden State Warriors set a playoff record for points in a single quarter with 29. In 1999, Alex Trebek received a star on the Hollywood Walk of Fame. In 2000, Thomas E. Blanton Jr. and David Luker surrendered to police in Birmingham, Alabama. The two former Ku Klux Klan members were arrested on charges from the bombing of a church in 1963 that killed four young black girls. In 2004, Marcia Kadish, 56, and Tanya McCloskey, 52, of Malden, Massachusetts, married at Cambridge City Hall, becoming the first legally married same-gender partners in the United States. Over the course of the day, 77 other same-gender couples tied the knot across the state, and hundreds more applied for marriage licenses. In 2006, the U.S. aircraft carrier Oriskany was sunk about 24 miles off Pensacola Beach. It was the first vessel sunk under a Navy program to dispose of old warships by turning them into diving attractions. It was the largest man-made reef at the time of the sinking.
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