| | Products, Deals and People | | Lincoln Financial Reveals New Mobile Optimized Web Tools | | Demonstrating the company’s latest enhancements to its participant web portal for PLANSPONSOR, Sharon Scanlon, head of customer retirement plan services customer experience for Lincoln Financial Group, suggested simplicity is perhaps the main goal. “The updated web portal is built around our easy-to-navigate, mobile optimized website for participants,” she explains. “With new tools, enhanced features and a clean dashboard design, the upgraded online experience delivers intuitive functionality that makes it easy for participants to take action and to instantly see how those actions will impact their retirement outcomes.”Read more > | | Retirement Industry People Moves | | First Eagle’s Retirement Investment Solutions Group Takes Off; Wagner Law Group Adds Partner; and more.Read more > | | | Economic Events | | THE ECONOMIC WEEK AHEAD: Tuesday, the Census Bureau will report about retail sales for October and business inventories for September. Wednesday, the Bureau of Labor Statistics will reveal the producer price index for October. Thursday, the Census Bureau will report about housing starts for October, the Bureau of Labor Statistics will reveal the consumer price index for October, and the Labor Department will issue its initial claims report. | | | Market Mirror | Friday, the Dow increased 39.78 points (0.21%) to finish at 18,847.66, the NASDAQ closed 28.32 points (0.54%) higher at 5,237.11, and the S&P 500 was down 3.03 points (0.14%) at 2,164.45. The Russell 2000 gained 30.79 points (2.46%) to finish at 1,282.37, and the Wilshire 5000 was up 35.38 points (0.16%) at 22,533.48.
On the NYSE, 3.1 billion shares changed hands, with a slight lead for advancing issues. On the NASDAQ, 2.9 billion shares traded, with a more than 2 to 1 lead for advancers.
The yield of the 10-year Treasury note was 2.152%. The yield for the 30-year Treasury bond was 2.963%.
WEEK’S WORTH: For the week ending November 11, the Dow gained 5.36%, the NASDAQ was up 3.78%, and the S&P 500 increased 3.80%. The Russell 2000 climbed 10.22%, and the Wilshire 5000 finished 4.35% higher. | | | Small Talk | | ON THIS DATE: In 1832, the first streetcar went into operation in New York City. The vehicle was horse-drawn and had room for 30 people. In 1851, Herman Melville’s novel “Moby Dick” was first published in the U.S. In 1881, Charles J. Guiteau’s trial began for the assassination of U.S. President James Garfield. Guiteau was convicted and hanged the following year. In 1922, the British Broadcasting Corporation (BBC) began domestic radio service. In 1935, U.S. President Franklin D. Roosevelt proclaimed the Philippine Islands a free commonwealth after its new constitution was approved. The Tydings-McDuffie Act planned for the Phillipines to be completely independent by July 4, 1946. In 1968, Yale University announced it was going co-educational. In 1969, Apollo 12 blasted off for the moon from Cape Kennedy, Florida. In 1972, Blue Ribbon Sports became Nike. In 1994, U.S. experts visited North Korea’s main nuclear complex for the first time under an accord that opened such sites to outside inspections. In 1995, the U.S. government instituted a partial shutdown, closing national parks and museums while most government offices operated with skeleton crews. | | SURVEY SAYS: Trump Presidency Effect on Benefits | | Last week, I asked NewsDash readers, “Which benefit-related item do you think will be MOST affected by Trump’s presidency?” The vast majority (83.5%) of respondents said health benefits will be MOST affected by Trump’s presidency. Meanwhile, 4.4% selected “The Department of Labor fiduciary rule, 3.3% chose “Tax treatment of retirement plan contributions and benefits,” and 2.2% selected “Social Security and Medicare.” Non one selected “Retirement plan investing due to market and interest rate expectations.” In verbatim comments, quite a few responding readers expressed fear, with comments like, “Good luck to us all,” “Terrifying,” “Oy vey!,” “It cannot be good,” “A disaster,” and “God help us all.” However, many readers expressed hope in what he will do, especially with respect to health care, but also by rolling back some other regulations, including the DOL fiduciary rule. Editor’s Choice goes to the reader who said: “At our firm, the most impacted benefit after Trump’s election is the Employee Assistance Program (EAP). A huge demand for grief counseling!” Thanks to everyone who participated in our survey!Read more > | | 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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