|
November 21st, 2022
Insight on Plan Design & Investment Strategy Every Weekday
|
|
|
|
|
|
|
|
|
|
| ECONOMIC EVENTS |
Existing-home sales faded in October for the ninth month in a row to a seasonally adjusted annual rate of 4.43 million, the National Association of Realtors reported. Sales fell 5.9% from September and 28.4% from one year ago. The median existing-home sales price rose to $379,100, an increase of 6.6% from the previous year. The inventory of unsold existing homes slipped for the third consecutive month to 1.22 million at the end of October, or the equivalent of 3.3 months’ supply at the current monthly sales pace.
Wednesday, the Labor Department will issue its initial jobless claims report and the Census Bureau will report new orders for manufactured durable goods for October and new home sales October.
|
|
|
|
| MARKET MIRROR |
Friday, the Dow gained 199.37 points (0.59%) to close at 33,745.69, the Nasdaq increased 1.11 points (0.01%) to close at 11,146.06 and the S&P 500 gained 18.78 points (0.48%) to finish trading at 3,965.34. The Russell 2000 gained 10.61 points (0.58%) to close at 1,849.73 and the Wilshire 5000 gained 176.10 points (0.45%) to close at 39,439.89.
The price of the 10-year Treasury note decreased 5/32, bringing the yield up to 3.827%. The price of the 30-year Treasury bond decreased 30/32, bringing the yield up to 3.925%
For the week ending November 18, the Dow decreased 0.01%, the Nasdaq lost 1.57% and the S&P 500 decreased 0.69%. The Russell 2000 decreased 1.75% and the Wilshire 5000 finished 0.99% lower.
|
|
|
|
DEALS AND PEOPLE
|
|
Retirement Industry People Moves
|
IRI hires chief technology and innovation officer; Millennium Trust names new CEO; Eight-member wealth management team joins First Republic; and more. 
|
|
|
SURVEYS
|
|
CIO’s Transition Management Survey
|
|
Are you a provider of transition management services and want to make your services known to institutional investors? If so, you are invited to respond to CIO’s Transition Management Survey.
|
|
|
EVENTS
|
|
Plan Progress Webinar: Student Loan Debt Benefits
|
|
Join PLANPSONSOR and a panel of experts on December 15 to learn what options are available for student loan debt benefits, their structure and cost; how student loan repayment help fits into an employer’s overall financial wellness benefits; what communications employees need about student loan debt and saving for retirement, and more.
|
|
|
|
|
ON THIS DATE: In 1620, 41 male passengers on the Mayflower, prior to landing at Plymouth, Massachusetts, signed the Mayflower Compact, by which they agreed to abide by the laws of the new government they would establish. In 1777, Continental Commander in Chief General George Washington ordered General Charles Lee in Westchester County, N.Y., to report directly to him, following the loss of Fort Lee, N.J., and for Lee to bring his forces to N.J. In 1877, Thomas Edison announced his invention of the phonograph. In 1964, the Verrazzano — (originally Verrazano-Narrows Bridge,) spanning New York Harbor from Brooklyn to Staten Island, opened to traffic. In 1982, the N.F.L. resumed its season following a 57-day strike. In 1995, the Dow Jones Industrial Average closed above the 5,000-mark, at 5,023.55, for the first time. In 2013, the Dow Jones Industrial Average closed above 16,000 for the first time, at 16,010.
|
|
|
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
|
|
|
