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May 7th, 2020
Insight on Plan Design & Investment Strategy Every Weekday
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awards
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2020 Service Stars
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Four individuals and six teams from the retirement plan provider community were selected as PLANSPONSOR 2020 Service Stars. Get to know each by clicking on their names. 
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| Market Mirror |
Wednesday, the Dow lost 218.45 points (0.91%) to finish at 23,664.64, the NASDAQ was up 45.27 points (0.51%) at 8,854.39, and the S&P 500 closed 20.02 points (0.70%) lower at 2,848.42. The Russell 2000 was virtually unchanged at 1,263.01, and the Wilshire 5000 decreased 173.45 points (0.60%) to 28,736.42.
The price of the 10-year Treasury note was down 3/32, increasing its yield to 0.698%. The price of the 30-year Treasury bond fell 1 29/32, bringing its yield up to 1.401%.
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ON THIS DATE: In 1789, the first U.S. Presidential Inaugural Ball was held in New York City. In 1800, Congress divided the Northwest Territory into two parts. The western part became the Indiana Territory and the eastern section remained the Northwest Territory. In 1847, the AMA (American Medical Association) was organized in Philadelphia, Pennsylvania. In 1915, the Lusitania, a civilian ship, was sunk by a German submarine; 1,201 people were killed. In 1940, Winston Churchill became British Prime Minister. In 1945, baseball team owner Branch Rickey announced the organization of the United States Negro Baseball League. There were 6 teams. In 1945, Germany signed unconditional surrender ending World War II. It would take effect the next day. In 1946, Tokyo Telecommunications Engineering Corp. was founded. The company was later renamed Sony. In 1951, Russia was admitted to participate in the 1952 Olympic Games by the International Olympic Committee. In 1975, President Gerald Ford declared an end to the Vietnam War. In 1992, a 203-year-old proposed constitutional amendment barring Congress from giving itself a midterm pay raise was ratified as the 27th Amendment. In 1998, Daimler-Benz bought Chrysler Corp. for close to $40 billion. It was the largest industrial merger on record.
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