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Market Mirror |
Yesterday, the Dow lost 126.93 points (0.50%) to finish at 25,317.41, the NASDAQ increased 19.60 points (0.26%) to 7,468.63, and the S&P 500 closed 11.90 points (0.43%) lower at 2,755.88. The Russell 2000 was down 2.54 points (0.16%) at 1,539.50, and the Wilshire 5000 decreased 115.94 points (0.41%) to 28,447.55. The price of the 10-year Treasury note was down 1/32, increasing its yield to 3.199%. The price of the 30-year Treasury bond decreased 7/32, bringing its yield up to 3.390%. |
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Sponsored message from Natixis |
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Benefits & Administration |
U.S. Retirement System Still Ranks Low, But Slightly Improved |
This year’s Melbourne Mercer Global Pension Index suggests reducing pre-retirement leakage; requiring that part of the retirement benefit must be taken as an income stream; and increasing the funding level of the Social Security program are just some steps that can be taken to improve the U.S. retirement system.Read more > |
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Investing |
U.S. Demand Grows for ‘Safe ESG’ via Fixed-Income Vehicles |
There is still not very much discussion in the U.S. about fixed-income investments pursuing environmental, social and governance (ESG) themes, according to BlueBay Asset Management’s My-Linh Ngo, but there are some compelling opportunities out there that institutional investors should consider.Read more > |
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Small Talk |
ON THIS DATE: In 1864, during the U.S. Civil War, Union forces led by Gen. Samuel R. Curtis defeated the Confederate forces in Missouri that were under Gen. Stirling Price. In 1910, Blanche S. Scott became the first woman to make a public solo airplane flight in the United States. In 1915, approximately 25,000 women demanded the right to vote with a march in New York City. In 1929, the Dow Jones Industrial Average plunged starting the stock-market crash that began the Great Depression. In 1946, the United Nations General Assembly convened in New York for the first time. In 1956, NBC broadcasted the first videotape recording. The tape of Jonathan Winters was seen coast to coast in the U.S. In 1958, Russian poet and novelist Boris Pasternak was awarded the Nobel Prize for literature. He was forced to refuse the honor due to negative Soviet reaction. Pasternak won the award for writing “Dr. Zhivago.” In 1973, President Richard M. Nixon agreed to turn over the subpoenaed tapes concerning the Watergate affair. In 1978, China and Japan formally ended four decades of hostility when they exchanged treaty ratifications. |
TRIVIAL PURSUITS: What is the only U.S. state with no indigenous poisonous animals?Read more > |
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