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May 5th, 2022
Insight on Plan Design & Investment Strategy Every Weekday
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| MARKET MIRROR |
Wednesday, the Dow gained 932.27 points (2.81%) to 34,061.06, the Nasdaq was up 401.10 points (3.19%) to close at 12,964.86, and the S&P 500 increased 124.69 points (2.99%) to 4,300.17. The Russell 2000 climbed 51.06 points (2.69%) to 1,949.92, and the Wilshire 5000 was up 1,230.26 points (2.94%) to 43,050.97.
The price of the 10-year Treasury note increased 25/32 lowering its yield down to 2.925%. The price of the 30-year Treasury bond fell 23/32 bringing up its yield to 3.022%.
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In 1809, Mary Kies became the first woman to win a patent for a technique weaving straw with silk and thread. In 1821, Napoleon Bonaparte died as a British prisoner on the remote island of Saint Helena in the southern Atlantic Ocean. In 1862, during the French Mexican War, outnumbered Mexican army forces defeated a powerful invading French force at Puebla, and the day henceforth is celebrated as Cinco de Mayo. In 1865, the Thirteenth Amendment that abolished slavery in the U.S. was ratified. In 1921, Chanel No. 5 perfume was launched. In 1925, John T. Scopes, a biology teacher in Dayton, Tennessee, was arrested for teaching Darwin’s theory of evolution. In 1961, Astronaut Alan Shepard became the first American in space during his 15-minute suborbital flight. In 2002, “Spider-Man” became the first movie to top $100 million in an opening weekend.
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