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| EBSA Offers Financial Wellness Video Series | |
| The Employee Benefits Security Administration has posted a series of videos covering topics including budgeting and establishing retirement savings rates.Read more > | |
| Economic Events | |
| New orders for manufactured durable goods in March, up two of the last three months, increased $1.7 billion or 0.8% to $230.6 billion, virtually unchanged from the previously published increase, according to the Census Bureau. This followed a 3.1% February decrease. Transportation equipment, also up two of the last three months, drove the increase, $2.1 billion or 2.8% to $75.8 billion. New orders for manufactured nondurable goods increased $3.3 billion or 1.5% to $227.8 billion. | |
| Market Mirror | |
U.S. stock indices moved lower Wednesday following a dismal report on job creation that gave investors concern over the state of the economy, according to the Associated Press. The Dow lost 99.65 points (0.56%) to finish at 17,651.26, the NASDAQ, closed 37.58 points (0.79%) lower at 4,725.64, and the S&P 500 decreased 12.25 points (0.59%) to 2,051.12. The Russell 2000 was down 8.62 points (0.77%) at 1,113.13, and the Wilshire 5000 fell 114.63 points (0.54%) to 21,197.27. On the NYSE, 3.1 billion shares traded, with 3 declining issues for every advancing issue. On the NASDAQ, 2.7 billion shares changed hands, with a near 2 to1 lead for decliners. The price of the U.S. Treasury note was up 7/32, decreasing its yield to 1.776%. The price of the 30-year Treasury bond increased 18/32, bringing its yield down to 2.632%. | |
| From the Magazine | |
| DC Plan Design: Implementing Auto Features | |
| One of the key features of the Pension Protection Act of 2006 (PPA) was that it provides federal support for plan sponsors to automatically enroll their employees into a defined contribution (DC) plan. But even so, experts say, employer concerns about “auto” features include cost, employee pushback and the appearance of being too paternalistic. The arguments in favor, however, cite higher participation rates and employees more likely on track to retire with sufficient assets.Read more > | |
| Investing | |
| Investors Reassessing Strategic Asset Allocation Models | |
| The current low-return environment means institutional investors’ return expectations may be more difficult to achieve unless they find new investment models, according to a research report from State Street Global Advisors (SSGA) titled “Building Bridges.”Read more > | |
| Small Talk | |
ON THIS DATE: In 1862, the Battle of Puebla took place. It is celebrated as Cinco de Mayo Day. In 1865, the Thirteenth Amendment was ratified, abolishing slavery in the U.S. In 1891, Music Hall was dedicated in New York City. It was later renamed Carnegie Hall. In 1925, John T. Scopes, a biology teacher in Dayton, Tennessee, was arrested for teaching Darwin’s theory of evolution. In 1936, Edward Ravenscroft received a patent for the screw-on bottle cap with a pour lip. In 1961, Alan Shepard became the first American in space when he made a 15 minute suborbital flight. In 1966, Willie Mays broke the National League record for home runs when he hit his 512th. SURVEY SAYS: Not this week. | |
| 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 > |
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Editorial: Alison Cooke Mintzer alison.mintzer@strategic-i.com
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