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| Market Mirror |
Yesterday, the Dow gained 190.87 points (0.76%) to finish at 25,461.70, the NASDAQ closed 28.14 points (0.38%) lower at 7,328.85, and the S&P 500 increased 15.25 points (0.56%) to 2,738.31. The Russell 2000 was virtually unchanged at 1,547.51, and the Wilshire 5000 closed 125.13 points (0.44%) higher at 28,302.14. The price of the 10-year Treasury note was up 4/32, decreasing its yield to 3.199%. The price of the 30-year Treasury bond increased 13/32, bringing its yield down to 3.432%. |
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| Sponsored message from TIAA |
| Overcoming Recruitment and Retention Challenges in the Healthcare Market.Read more > |
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| Compliance |
| ICI Argues Intermediary-Driven Fund Disclosure System Is Flawed |
| In a comment letter to the Securities and Exchange Commission (SEC), the Investment Company Institute (ICI) draws the conclusion that this system means fund shareholders are paying higher costs than is strictly necessary.Read more > |
| Jackson National Agrees to Settle Self-Dealing Suit |
| The parties in a lawsuit accusing fiduciaries of the Jackson National Life Insurance Company Defined Contribution Retirement Plan of self-dealing and imprudent investment of retirement plan assets have reached a settlement of $4.5 million.Read more > |
| District Court Returns Mixed Ruling for AT&T ERISA Lawsuit |
| The court again left room for re-pleading of the plaintiffs’ failed arguments, making the filing of a third amended complaint likely before any allegations can advance to trail.Read more > |
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| Small Talk |
| ON THIS DATE: In 1789, Father John Carroll was appointed as the first Roman Catholic bishop in the United States of America. In 1860, Abraham Lincoln was elected to be the 16th president of the United States. In 1861, Jefferson Davis was elected as the president of the Confederacy in the U.S. In 1894, William C. Hooker received a patent for the mousetrap. In 1903, Philippe Bunau-Varilla, as Panama’s ambassador to the United States, signed the Hay-Bunau-Varilla Treaty. The document granted rights to the United States to build and indefinitely administer the Panama Canal Zone and its defenses. In 1923, Jacob Schick was granted a patent for the electric shaver. In 1962, the U.N. General Assembly adopted a resolution that condemned South Africa’s racist apartheid policies. The resolution also called for all member states to terminate military and economic relations with South Africa. In 1965, the Freedom Flights program began, which would allow 250,000 Cubans to come to the United States by 1971. In 1967, Phil Donahue began a TV talk show in Dayton, Ohio. The show was on the air for 29 years. In 1973, NASA’s Pioneer 10 spacecraft began photographing Jupiter. In 1986, U.S. intelligence sources confirmed a story run by the Lebanese magazine Ash Shiraa that reported the U.S. had been secretly selling arms to Iran in an effort to secure the release of seven American hostages. In 1989, in the hopes of freeing U.S. hostages held in Iran, the U.S. announced that it would unfreeze $567 million in Iranian assets that had been held since 1979. |
| TRIVIAL PURSUITS: Daylight Saving Time starts in the spring. This past weekend we reverted to Standard Time. Why do we have Daylight Saving Time?Read more > |
| Share the news with a friend! Pass the NewsDash along and tell your friends/associates they can sign up for their own copy.Read more > |
