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November 16th, 2020
Insight on Plan Design & Investment Strategy Every Weekday
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Cover
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Revisiting Wellness
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How to present financial subjects in a light that engages employees now.
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Economic Events |
The Producer Price Index for final demand advanced 0.3% in October, as prices for final demand goods rose 0.5%, and the index for final demand services moved up 0.2%, the Bureau of Labor Statistics reported. The final demand index increased 0.5% for the 12 months ended in October.
Tomorrow, the Census Bureau will report about retail sales and business trade in October. Wednesday, the Census Bureau will report about housing starts for October. Thursday, the Labor Department will issue its initial claims report, and the National Association of Realtors will report about existing home sales for October.
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Market Mirror |
Friday, the Dow gained 399.64 points (1.37%) to finish at 29,479.81, the NASDAQ closed 119.70 points (1.02%) higher at 11,829.29, and the S&P 500 increased 48.14 points (1.36%) to 3,585.15. The Russell 2000 was up 35.57 points (2.08%) at 1,744.04, and the Wilshire 5000 climbed 485.71 points (1.33%) to 36,994.94.
The price of the 10-year Treasury note was down 1/32, increasing its yield to 0.895%. The price of the 30-year Treasury bond decreased 8/32, bringing its yield up to 1.649%.
For the week ending November 13, the Dow gained 4.08%, the NASDAQ was down 0.55%, and the S&P 500 finished 2.16% higher. The Russell 2000 climbed 6.07%, and the Wilshire 5000 increased 2.04%.
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ON THIS DATE: In 1776, British troops captured Fort Washington during the American Revolution. In 1907, Indian Territory and Oklahoma Territory collectively entered the United States as Oklahoma, the 46th state. In 1959, “The Sound of Music” premiered on Broadway. In 1973, President Richard Nixon signed the Alaska Pipeline measure into law. In 1994, Major League Soccer announced that it would start its inaugural season in 1996. In 1999, Johnny Depp received a star on the Hollywood Walk of Fame. In 2000, Bill Clinton became the first serving U.S. president to visit Communist Vietnam.
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