|
November 15th, 2023
Insight on Plan Design & Investment Strategy Every Weekday
|
|
|
|
|
|
|
|
|
|
| ECONOMIC EVENTS |
|
The Consumer Price Index for All Urban Consumers was unchanged in October on a seasonally adjusted basis, after increasing 0.4% in September, the U.S. Bureau of Labor Statistics reported. Over the last 12 months, the all items index increased 3.2% before seasonal adjustment.
|
|
|
|
| MARKET MIRROR |
Tuesday, the Dow rose 489.83 points (1.43%) to close at 34,827.70, the Nasdaq rose 326.64 points (2.37%) to close at 14,094.38 and the S&P 500 rose 84.15 points (1.91%) to close at 4,495.70. The Russell 2000 gained 92.82 points (5.44%) to close at 1,798.32, and the FT Wilshire 5000 Index gained 983.98 points (2.23%) to close at 45,142.60.
The 10-year Treasury note increased 1 27/32, bringing the yield to 4.444%. The 30-year Treasury bond increased 2 1/32, bringing the yield to 4.624%.
|
|
|
|
|
|
|
|
|
|
ON THIS DATE: In 1904, inventor King Camp Gillette was granted a U.S. patent for the first razor with disposable blades. In 1938, a farewell parade was held in Barcelona, Spain, for the volunteers of the International Brigades who had fought for the Republicans during the Spanish Civil War. In 1959, the Clutter family was discovered murdered on their Kansas farm, and their deaths—as well as the capture, conviction and execution of two drifters—inspired Truman Capote’s classic nonfiction novel “In Cold Blood.” In 1978, anthropologist Margaret Mead, whose reports detailing the attitudes toward sex in South Pacific and Southeast Asia traditional cultures influenced the 1960s sexual revolution, died at age 76. In 1988, meeting at Algiers, the Palestine National Council, at the urging of PLO chairman Yasser Arafat, issued a declaration of independence for a state of Palestine in the West Bank and Gaza Strip. In 2001, Microsoft released Xbox, a video game console system. In 2011, Duke University basketball coach Mike Krzyzewski recorded his 903rd career win, surpassing Bob Knight to become the winningest coach in NCAA Division I men’s history.
|
|
|
| Industry Intel Roundup—Featured Webinars | | PLANSPONSOR is pleased to present the next edition of our Industry Intelligence roundup. This week, we are featuring webinars sponsored by experienced providers in the industry. The content was created to educate, inform and offer ideas for plan sponsors regarding plan design, investing, administration and compliance. |  | | September 19, 2024 | | Financial Wellness | | Plan sponsors, advisers and policy experts will offer suggestions for how best to define and measure the financial wellness of participants and drive financial confidence. The panel will also review how they evaluate the myriad new offerings appearing as a result of the voluntary benefits provisions of SECURE 2.0. Attendees will come away with tangible metrics for determining which programs will offer the most useful and valuable programs for their employees. |
|
| | | | | December 12, 2024 | | Plan Benchmarking | | How do plan sponsors determine the right goals for their plans or measure plan success? What tools are available to benchmark retirement plans? What should plans be measuring and how often? What kinds of actions or improvements can measurements drive? These questions and more will be answered in PLANSPONSOR’s final editorial webinar of 2024. |
|
| | | | |
Did someone forward you this newsletter? Sign up here to get NEWSDash directly in
your mailbox!
|
|
Copyright ©2024 Asset International, Inc. All rights reserved.
No reproduction without prior authorization.
|
|
702 King Farm Boulevard, Suite 300, Rockville, MD 20850
|
|
|
|
