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November 23rd, 2020
Insight on Plan Design & Investment Strategy Every Weekday
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Economic Events |
Tomorrow, the Conference Board will release its Consumer Confidence Index for November. Wednesday, the Labor Department will issue its initial claims report. The Census Bureau will report about durable goods orders for October and new home sales for October.
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Market Mirror |
Friday, the Dow fell 219.75 points (0.75%) to 29,263.48, the NASDAQ decreased 49.74 points (0.42%) to 11,854.97, and the S&P 500 lost 24.33 points (0.68%) to finish at 3,557.54. The Russell 2000 was up 1.21 points (0.07%) at 1,785.34, and the Wilshire 5000 closed 195.87 points (0.53%) lower at 37,023.18.
The price of the 10-year Treasury note was up 1/32, decreasing its yield to 0.829%. The price of the 30-year Treasury bond increased 29/32, bringing its yield down to 1.518%.
For the week ending November 20, the Dow closed 0.73% lower, the NASDAQ increased 0.22%, and the S&P 500 finished 0.77% lower. The Russell 2000 climbed 2.37%, and the Wilshire 5000 was up 0.08%.
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Deals and People
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Retirement Industry People Moves
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TIAA president and CEO announces retirement; Aegon AM selects head of Client Strategy; and Smart introduces new executive team.
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SPONSORED BY: Fidelity Investments
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PODCAST: The Power Of
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Join Fidelity and our guests as we explore the ideas and actions that give us the power to make better decisions about our work, finances, health care, and lives.
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ON THIS DATE: In 1889, the first jukebox made its debut in San Francisco, at the Palais Royale Saloon. In 1921, President Warren G. Harding signed the Willis Campell Act, better known as the anti-beer bill. It forbid doctors to prescribe beer or liquor for medicinal purposes. In 1936, the first issue of the pictorial magazine Life was published. In 1942, the film Casablanca premiered in New York City. In 1964, in Fort Lauderdale, Florida, the International Swimming Hall of Fame was founded.
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