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November 24th, 2020
Insight on Plan Design & Investment Strategy Every Weekday
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UpFront
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Re-Enrollment in 2021—Or Not
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Before sweeping all employees into the plan, a sponsor should consider the effects of the pandemic on its workforce. 
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| Market Mirror |
Yesterday, the Dow gained 327.79 points (1.12%) to finish at 29,591.27, the NASDAQ was up 25.66 points (0.22%) at 11,880.63, and the S&P 500 increased 20.05 points (0.56%) to 3,577.59. The Russell 2000 climbed 32.96 points (1.85%) to 1,818.30, and the Wilshire 5000 closed 296.26 points (0.80%) higher at 37,319.44.
The price of the 10-year Treasury note was down 3/32, increasing its yield to 0.856%. The price of the 30-year Treasury bond decreased 31/32, bringing its yield up to 1.562%.
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ON THIS DATE: In 1859, “On the Origin of Species by Means of Natural Selection” by British naturalist Charles Darwin was published in England. In 1960, Philadelphia Warrior Wilt Chamberlain snagged 55 rebounds in a game against the Boston Celtics and set an NBA record for the most rebounds in a single game. In 1963, at 12:20 p.m., in the basement of the Dallas police station, Lee Harvey Oswald, the alleged assassin of President John F. Kennedy, was shot to death by Jack Ruby, a Dallas nightclub owner. In 1971, hijacker Dan Cooper, known as D.B. Cooper, parachuted from a Northwest Airlines 727 over Washington state with $200,000 in ransom and disappeared. It remains the only unsolved case of air piracy in commercial aviation history. In 1987, the U.S. and the Soviet Union agreed to scrap short- and medium-range missiles. It was the first superpower treaty to eliminate an entire class of nuclear weapons.
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