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November 8th, 2023
Insight on Plan Design & Investment Strategy Every Weekday
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MARKET MIRROR |
Tuesday, the Dow rose 56.74 points (0.17%) to close at 34,152.60, the Nasdaq rose 121.08 points (0.90%) to close at 13,639.86 and the S&P 500 rose 12.40 points (0.28%) to close at 4,378.38. The Russell 2000 fell 4.79 points (0.28%) to close at 1,733.15, and the FT Wilshire 5000 gained 133.04 points (0.30%) to close at 43,925.78.
The 10-year Treasury note increased 28/32, bringing the yield to 4.568%. The 30-year Treasury bond increased 1 2/32, bringing the yield to 4.729%.
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SPECIAL COVERAGE
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Decumulation and Retirement Income
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A review of what plan sponsors should consider as they contemplate adding retirement income options to retirement plans.
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The material below for November 8 was mistakenly also published on November 7. We will be back on schedule for November 9.
ON THIS DATE: In 1932, during the Great Depression, Democrat Franklin D. Roosevelt easily defeated incumbent Republican Herbert Hoover to win the presidency of the U.S. In 1960, Democratic politician John F. Kennedy was narrowly elected president of the U.S. In 1966, President Lyndon B. Johnson signed a tax bill that included a rider allowing the National Football League to merge with the American Football League, thus preventing legal challenges involving antitrust issues. In 1972, the cable television company HBO officially debuted as it aired the 1971 film “Sometimes a Great Notion,” which starred Paul Newman. In 1978, illustrator Norman Rockwell, best known for his covers of “The Saturday Evening Post,” died. In 1994, in the U.S. midterm elections, the Republicans won control of the House of Representatives and the Senate for the first time in 40 years; the sweeping victory was partly because of President Bill Clinton’s low popularity at the time. In 2013, the Philippines endured what many consider its worst natural disaster when the country was struck by Super Typhoon Haiyan, one of the most powerful cyclones ever recorded to strike land. In 2016, despite trailing in most polls, Republican Donald Trump was elected the 45th president of the U.S., though is opponent Hillary Clinton, won the popular vote by more than 2.8 million. In 2020, Canadian-born television personality Alex Trebek, who was best known as the host of the TV game show “Jeopardy!”, died at age 80.
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Industry Intel Roundup—Thought Leadership | PLANSPONSOR is pleased to present the next edition of our Industry Intelligence roundup. This week, we are featuring content from thought leadership authorities. The content was created to educate, inform and offer ideas for plan sponsors regarding plan design, investing, administration and compliance. | |
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