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May 7th, 2024
Insight on Plan Design & Investment Strategy Every Weekday
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MARKET MIRROR |
Monday, the Dow rose 176.59 points (0.46%) to close at 38,852.27, the Nasdaq rose 192.92 points (1.19%) to close at 16,349.25 and the S&P 500 rose 52.95 points (1.03%) to close at 5,180.74. The Russell 2000 rose 24.95 points (1.23%) to close at 2,060.67, and the FT Wilshire 5000 Index rose 556.17 points (1.08%) to close at 52,111.54.
The 10-year Treasury note increased 24/32, bringing the yield to 4.490%. The 30-year Treasury bond increased 5/32, bringing the yield to 4.638%.
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Opinions
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The Retirement Income Dilemma
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Retirement income is top of mind for many these days, but too often, the conversation focuses solely on products, instead of on creating and articulating a retirement income philosophy.
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ON THIS DATE: In 1663, the Theatre Royal, built by the dramatist Thomas Killigrew for his company of actors and now commonly known as the Drury Lane Theatre, opened in London and is the oldest English theater still in use. In 1915, a German submarine sunk the Lusitania, a British ocean liner, indirectly contributing to the entry of the U.S. into World War I. In 1945, a German delegation that included General Alfred Jodl went to U.S. General Dwight D. Eisenhower’s headquarters in Reims, France, and signed the surrender documents that ended the European phase of World War II. In 1946, Sony Corporation, a major Japanese manufacturer of consumer electronics products, was founded by Ibuka Masuru and Morita Akio. In 1954, Viet Minh General Vo Nguyen Giap took the French by surprise at the Battle of Dien Bien Phu, surrounding their base with 40,000 men and employing heavy artillery to capture it during the First Indochina War. In 2002, on the 25th anniversary of his Kentucky Derby win, Seattle Slew, the first undefeated racehorse ever to win the U.S. Triple Crown, died.
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