| Economic Events | THE ECONOMIC WEEK AHEAD: Tomorrow, the Conference Board will release its Consumer Confidence Index for October. Wednesday, the Census Bureau will report about new home sales for September. Thursday, the Labor Department will issue its initial claims report, and the Census Bureau will report about durable goods orders for September. | | Market Mirror | Friday, the Dow was down 16.64 points (0.09%) at 18,145.71, the NASDAQ was up 15.57 points (0.30%) at 5,257.40, and the S&P 500 was virtually unchanged at 2,141.16. The Russell 2000 decreased by 1.69 points (0.14%) to 1,218.09, and the Wilshire 5000 was virtually unchanged at 22,264.26.
On the NYSE, 3.1 billion shares traded, with a slight lead for advancing issues. On the NASDAQ, 2.9 billion shares changed hands, with a slight lead for decliners.
The yield of the 10-year Treasury noted was 1.738%. The yield of the 30-year Treasury bond was 2.488%.
WEEK’S WORTH: For the week ending October 21, the Dow was up 0.04%, the NASDAQ climbed 0.83%, and the S&P 500 increased 0.38%. The Russell 2000 gained 0.47%, and the Wilshire 5000 finished 0.43% higher. | | Investing | Americans Concerned About Investments Following Election | Nearly two-thirds (63%) of Americans say the election has impacted their investment choices in the past year, and three quarters believe the upcoming election will have a higher effect on personal investment choices, according to a BlackRock survey.Read more > | Investment Managers Expect Election to Create More Volatility | Investment managers anticipate a rise in market volatility as the U.S. presidential election approaches, and many expect to modify their portfolios once Americans decide who the new president will be, according to Northern Trust Asset Management’s quarterly survey of investment managers.Read more > | | Small Talk | ON THIS DATE: In 1648, The Holy Roman Empire was effectively destroyed by the Peace of Westphalia that brought an end to the Thirty Years War. In 1836, Alonzo D. Phillips received a patent for the phosphorous friction safety match. In 1861, the first transcontinental telegraph message was sent when Justice Stephen J. Field of California transmitted a telegram to U.S. President Lincoln. In 1901, daredevil Anna Edson Taylor became the first person to go over Niagara Falls in a wooden barrel. She was 63 years old. In 1929, in the U.S., investors dumped more than 13 million shares on the stock market. The day is known as “Black Tuesday.” In 1931, the upper level of the George Washington Bridge opened for traffic between New York and New Jersey. In 1940, in the U.S., the 40-hour workweek went into effect under the Fair Labor Standards Act of 1938. In 1945, the United Nations (UN) was formally established less than a month after the end of World War II. In 1949, the cornerstone for the U.N. headquarters was laid in New York City. In 1992, the Toronto Blue Jays became the first non-U.S. team to win the World Series. In 2001, the U.S. House of Representatives approved legislation that gave police the power to secretly search homes, tap all of a person’s telephone conversation and track people’s use of the Internet. | SURVEY SAYS RESPONSES: Last week, I asked NewsDash readers, “If it did not have a bad effect on nature, what temperature range would you prefer for the entire year?” The majority of responding readers (62.1%) chose 70 to 79 degrees Fahrenheit. Coming in second was “I like the mix of temperatures” (13.6%), while 12.1% selected 60 to 69 and 10.6% chose 80 to 89. A scant 1.5% selected “below 30 degrees Fahrenheit.” Among those who left comments, some suggested other ranges—for example, 65 to 75. Some suggested we keep all seasons but change the length of time certain seasons last, and others included when it should snow or rain. Editor’s Choice goes to the reader who said: “I enjoy each of the seasons. I even like winter weather, but what I don’t like is how it gets dark early in the winter. Nothing worst then in the winter months when leaving home to go to work in the dark and coming home in the evening in the dark.” Thank you to everyone who responded to the survey!Read more > | Share the good 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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