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May 18th, 2021
Insight on Plan Design & Investment Strategy Every Weekday
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| Market Mirror |
Yesterday, the Dow was down 54.34 points (0.16%) at 34,327.79, the Nasdaq lost 50.93 points (0.38%) to finish at 13,379.05, and the S&P 500 closed 10.56 points (0.25%) lower at 4,163.29. The Russell 2000 was up 2.49 points (0.11%) at 2,227.12, and the Wilshire 5000 decreased 97.23 points (0.22%) to 43,318.57.
The price of the 10-year Treasury note was down 2/32, increasing its yield to 1.649%. The price of the 30-year Treasury bond decreased 4/32, bringing its yield up to 2.365%.
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ON THIS DATE: In 1860, Abraham Lincoln, a one-time U.S. representative from Illinois, is nominated for the U.S. presidency by the Republican National Convention meeting in Chicago. In 1934, Congress approved an act, known as the “Lindberg Act,” that called for the death penalty in interstate kidnapping cases. In 1953, the first woman to fly faster than the speed of sound, Jacqueline Cochran, piloted an F-86 Sabrejet over California at an average speed of 652.337 miles-per-hour. In 1980, at 8:32 a.m. PDT, Mount St. Helens, a volcanic peak in southwestern Washington, suffered a massive eruption, killing 57 people and devastating some 210 square miles of wilderness. In 2012, Facebook, the world’s largest social network, held its initial public offering (IPO) and raised $16 billion. It was the largest technology IPO in American history to that date, and the third-largest IPO ever in the United States, after those of Visa and General Motors.
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