| Economic Events | The Conference Board Consumer Confidence Index, which had declined in October, increased significantly in November. The Index now stands at 107.1 (1985=100), up from 100.8 in October. The Present Situation Index increased from 123.1 to 130.3, while the Expectations Index improved from 86.0 last month to 91.7. | | Market Mirror | Tuesday, the Dow gained 23.70 points (0.12%) to finish at 19,121.60, the NASDAQ increased 11.11 points (0.21%) to 5,379.92, and the S&P 500 was up 2.94 points (0.13%) at 2,204.66. The Russell 2000 decreased by 1.61 (0.12%) to 1,328.21, and the Wilshire 5000 closed 17.72 points (0.08%) higher at 23,046.99.
On the NYSE, 3.1 billion shares changed hands, and on the NASDAQ, 2.9 billion shares traded, with a slight lead for declining issues on both exchanges.
The price of the 10-year Treasury note was up 4/32, decreasing its yield to 2.297%. The price of the 30-year Treasury bond increased 15/32, bringing its yield down to 2.952%. | | Investing | Investment Actions for DB Plan Sponsors in 2017 | Willis Towers Watson has suggested the top 10 investment actions it thinks defined benefit (DB) plan sponsors should take in 2017.Read more > | The Missing Link to the Best Performance of Investment Managers | The culture of an investment manager organization can have a strong impact on putting plan sponsor and adviser interests first, research suggests.Read more > | Institutional Investors Being Forced into 'Risk' Assets | According to new research from Cerulli Associates, institutions that were once able to meet their target returns by investing in mostly long-only equity or fixed income are being forced more into “risk assets.” In particular, “alternative” investment classes are playing an increasingly important role in the effort to meet necessary portfolio returns, Cerulli finds.Read more > | | Small Talk | For the second consecutive year, “Bella” and “Max” were the most popular pet names in America for dogs and cats, according to Nationwide. This marks the fifth consecutive year that Bella has led the way as the most popular pet name in America for both canines and felines. See the rest of the Top 10 as ranked by a survey from Nationwide.Read more > | ON THIS DATE: In 1782, the United States and Britain signed preliminary peace articles in Paris, ending the Revolutionary War. In 1858, John Landis Mason received a patent for the first pepper shaker with a screw-on cap. In 1897, Thomas Edison’s own motion picture projector had its first commercial exhibition. In 1956, CBS replayed the program “Douglas Edward and the News” three hours after it was received on the West Coast. It was the world’s first broadcast via videotape. In 1981, the U.S. and the Soviet Union opened negotiations in Geneva that were aimed at reducing nuclear weapons in Europe. In 1993, U.S. President Bill Clinton signed into law the Brady Bill. The bill required a five-day waiting period for handgun purchases and background checks of prospective buyers. In 1998, the Deutsche Bank AG announced it would acquire Bankers Trust Corp. for $10.1 billion, creating the world’s largest financial institution.
WEDNESDAY WISDOM: “It is not fair to ask of others what you are not willing to do yourself.”—Eleanor Roosevelt | Share the good news with a friend! Pass the NewsDash along—and tell your friends/associates they can sign up for their own copy.Read more > |
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