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November 25th, 2020
Insight on Plan Design & Investment Strategy Every Weekday
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| Economic Events |
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The Conference Board Consumer Confidence Index declined in November, after remaining relatively flat in October. The Index now stands at 96.1 (1985=100), down from 101.4 (an upward revision) in October. The Present Situation Index—based on consumers’ assessment of current business and labor market conditions—decreased slightly from 106.2 to 105.9. The Expectations Index—based on consumers’ short-term outlook for income, business, and labor market conditions—declined from 98.2 in October to 89.5 this month.
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| Market Mirror |
Tuesday, the Dow gained 454.97 points (1.54%) to finish at 30,046.24, the NASDAQ closed 156.15 points (1.31%) higher at 12,036.79, and the S&P 500 increased 57.82 points (1.62%) to 3,635.41. The Russell 2000 added 35.23 points (1.94%) to close at 1,853.53, and the Wilshire 5000 climbed 580.00 points (1.55%) to 37,899.80.
The price of the 10-year Treasury note decreased 25/32, bringing its yield up to 0.886%. The price of the 30-year Treasury bond fell 1 3/32, increasing its yield to 1.604%.
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Plan Profile
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A Defining Moment
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This plan sponsor’s voluntary benefits are healing in the pandemic. 
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ON THIS DATE: In 1783, during the Revolutionary War, the British evacuated New York. New York was their last military position in the U.S. In 1850, Texas relinquished one-third of its territory in exchange for $10 million from the U.S. to pay its public debts and settle border disputes. In 1884, J.B. Meyenberg received the patent for evaporated milk. In 1950, the so-called “storm of the century” hit the eastern part of the United States, killing hundreds and causing millions of dollars in damages. In 1955, the Interstate Commerce Commission banned racial segregation on interstate trains and buses. In 1957, President Dwight D. Eisenhower suffered a stroke. In 1963, three days after his assassination in Dallas, Texas, John F. Kennedy was laid to rest with full military honors at Arlington National Cemetery in Virginia. In 1986, President Ronald Reagan and Attorney Gen. Edwin Meese revealed that profits from secret arms sales to Iran had been diverted to rebels in Nicaragua. National Security Advisor John Poindexter resigned and Oliver North was fired.
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WEDNESDAY WISDOM: “Love cures people—both the ones who give it and the ones who receive it.”—Karl A. Menninger, psychiatrist
Happy Thansgiving, everyone! NEWSDash will be back in your inbox on Monday.
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