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October 14th, 2021
Insight on Plan Design & Investment Strategy Every Weekday
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| Economic Events |
In September, the Consumer Price Index for All Urban Consumers (CPI-U) rose 0.4% on a seasonally adjusted (SA) basis; rising 5.4% over the last 12 months, not seasonally adjusted (NSA), the Bureau of Labor Statistics announced. The index for all items less food and energy rose 0.2% in September, SA; up 4.0% over the year, NSA.
Real average hourly earnings for all employees increased 0.2% in September, SA. Average hourly earnings increased 0.6% and CPI-U increased 0.4%. Real average weekly earnings increased 0.8% over the month.
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| Market Mirror |
Wednesday, the Dow was virtually unchanged at 34,277.81, the Nasdaq gained 105.71 points (0.73%) to finish at 14,571.64, and the S&P 500 was up 13.15 points (0.30%) at 4,363.80. The Russell 2000 increased 7.70 points (0.34%) to 2,241.97, and the Wilshire 5000 closed 198.45 points (0.44%) higher at 45,531.01.
The price of the 10-year Treasury note was up 3/32, decreasing its yield to 1.541%. The price of the 30-year Treasury bond increased 1 27/32, bringing its yield down to 2.034%.
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ON THIS DATE: In 1912, before a campaign speech in Milwaukee, Wisconsin, presidential candidate Theodore Roosevelt was shot at close range by saloonkeeper John Schrank while greeting the public in front of the Gilpatrick Hotel. In 1926, the book “Winnie-the-Pooh,” by A.A. Milne, made its debut. In 1936, the first SSB (Social Security Board) office opened in Austin, Texas. From this point, the Board’s local office took over the assigning of Social Security Numbers. In 1943, the Radio Corporation of America finalized the sale of the NBC Blue radio network. Edward J. Noble paid $8 million for the network that was renamed American Broadcasting Company. In 1947, U.S. Air Force Captain Chuck Yeager became the first person to fly faster than the speed of sound. In 1964, Dr. Martin Luther King, Jr. was awarded the Nobel Peace Prize for his nonviolent resistance to racial prejudice in America. In 1968, the first live telecast to come from a manned U.S. spacecraft was transmitted from Apollo 7. In 1984, George “Sparky” Anderson became the first baseball manager to win 100 games and a World Series in both leagues.
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