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October 21st, 2020
Insight on Plan Design & Investment Strategy Every Weekday
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Economic Events |
Privately-owned housing starts in September were at a seasonally adjusted annual rate of 1,415,000, the Census Bureau reported. This is 1.9% above the revised August estimate of 1,388,000 and is 11.1% above the September 2019 rate of 1,274,000. Single-family housing starts in September were at a rate of 1,108,000; this is 8.5% above the revised August figure of 1,021,000. The September rate for units in buildings with five units or more was 295,000.
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Market Mirror |
Tuesday, the Dow gained 113.37 points (0.40%) to finish at 28,308.79, the NASDAQ increased 37.61 points (0.33%) to 11,516.49, and the S&P 500 climbed 16.20 points (0.47%) to 3,443.12. The Russell 2000 was up 4.08 points (0.25%) at 1,617.71, and the Wilshire 5000 closed 125.60 points (0.35%) higher at 35,538.99.
The price of the 10-year Treasury note was down 2/32, increasing its yield to 0.792%. The price of the 30-year Treasury bond decreased 31/32, bringing its yield up to 1.598%.
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ON THIS DATE: In 1797, “Old Ironsides,” the U.S. Navy frigate Constitution, was launched in Boston’s harbor. In 1944, during World War II, the German city of Aachen was captured by U.S. troops. In 1959, the Guggenheim Museum was opened to the public in New York City. In 1967, in Washington, D.C. nearly 100,000 people gathered to protest the American war effort in Vietnam. In 1980, the Philadelphia Phillies won their first World Series. In 1998, the New York Yankees set a major league baseball record of 125 victories for the regular and postseason combined.
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WEDNESDAY WISDOM: “With the new day comes new strength and new thoughts.”—Eleanor Roosevelt
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