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| Market Mirror | |
Friday, the Dow gained 287.16 points (1.15%) to finish at 25,339.99, the NASDAQ closed 167.83 points (2.29%) higher at 7,496.89, and the S&P 500 increased 38.76 points (1.42%) to 2,767.13. The Russell 2000 was up 1.30 points (0.08%) at 1,546.68, and the Wilshire 5000 climbed 370.47 points (1.31%) to 28,568.93.
The price of the 10-year Treasury note was down 3/32, increasing its yield to 3.162%. The price of the 30-year Treasury bond decreased 8/32, bringing its yield up to 3.339%. WEEK’S WORTH: For the week ending October 12, the Dow dove 4.19%, the NASDAQ lost 3.74%, and the S&P 500 fell 4.10%. The Russell 2000 plunged 5.23%, and the Wilshire 5000 plummeted 4.21%. | |
| Sponsored message from ADP | |
| Improving Plan Health Plan sponsors’ perspectives on plan health and the drivers that can impact it.Read more > | |
| Investing | |
| The Endowment Index is Up 0.92% Year to Date | |
| The Endowment Index gained 2.04% in the third quarter, according to data shared by Nasdaq. The 2.04% index gain significantly trailed the S&P 500, which gained 7.71% during the quarter. Year-to-date, The Endowment Index is up 0.92%, compared with the S&P 500 climbing 11.01% as of the end of the quarter.Read more > | |
| ETF Costs, Liquidity in Focus for Institutional Investors | |
| A new white paper offers a few important warnings for institutions thinking about using exchange-traded funds (ETFs) and trying to understand ETF liquidity relative to other investment vehicles.Read more > | |
| Small Talk | |
| ON THIS DATE: In 1815, Napoleon Bonaparte began his exile on the remote island of St. Helena in the Atlantic Ocean. In 1883, the U.S. Supreme Court struck down part of the Civil Rights Act of 1875. It allowed for individuals and corporations to discriminate based on race. In 1892, the U.S. government announced that the land in the western Montana was open to settlers. The 1.8 million acres were bought from the Crow Indians for 50 cents per acre. In 1939, New York Municipal Airport was dedicated. The name was later changed to La Guardia Airport. In 1951, “I Love Lucy” premiered on CBS-TV. In 1966, President Lyndon B. Johnson signed a bill creating the Department of Transportation. In 1984, the Freedom of Information Act was passed. In 1989, Wayne Gretzky, while playing for the Los Angeles Kings, surpassed Gordie Howe’s NHL scoring record of 1,850 career points. In 1993, South Africa’s President F.W. de Klerk and African National Congress President Nelson Mandela were named winners of the Nobel Peace Prize for their efforts to end the apartheid system in South Africa. In 1997, British Royal Air Force pilot Andy Green broke the land-speed record by driving a jet-powered car faster than the speed of sound. In 2011, Legoland Florida opened in Winter Haven, Florida. | |
| SURVEY SAYS RESPONSES: Last week, I asked NewsDash readers, “Do you listen to music and work and how do you think it affects your productivity?” The majority of responding readers (96.3%) said their employer allows them to listen to music while working, and the rest said they do not know. More than half (57.4%) indicated they listen to music while working, and 42.6% do not. More than one-third (35.2%) said music does or would make them more productive, 27.8% said it does or would make them less productive, and 37% reported it doesn’t or wouldn’t affect their productivity either way. Responses left by those who chose to leave comments were about evenly mixed between those who feel listening to music is distracting and those who feel it is helpful. However, the majority of those who spoke of listening to music said it was to drown out other noise that was distracting. Editor’s Choice goes to the reader who said: “You can’t fully concentrate on two things at once. If you’re working, you’re not really listening to the music; and if you’re listening to the music, you’re not really working.” Thank you to all who participated in the survey!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 > |
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Editorial: Alison Cooke Mintzer alison.mintzer@strategic-i.com
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