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October 24th, 2019
Insight on Plan Design & Investment Strategy Every Weekday
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Market Mirror |
Wednesday, the Dow increased 45.85 points (0.17%) to 26, 833.95, the NASDAQ closed 15.50 points (0.19%) higher at 8,119.79, and the S&P 500 climbed 8.53 points (0.28%) to 3,004.52. The Russell 2000 was up 1.99 points (0.13%) at 1,552.86, and the Wilshire 5000 gained 78.01 points (0.26%) to finish at 30,622.81. The yield on the 10-year Treasury note was 1.767%, and the yield on the 30-year Treasury bond was 2.256%.
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SPONSORED BY: Pavilion, a Mercer Practice
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Investment Beliefs:
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Governance Bedrock for Investment Committees
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ON THIS DATE: In 1795, the country of Poland was divided up between Austria, Prussia, and Russia. In 1836, Alonzo D. Phillips received a patent for the phosphorous friction safety match. 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 1940, 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 1962, during the Cuban Missile Crisis, U.S. military forces went on the highest alert in the postwar era in preparation for a possible full-scale war with the Soviet Union. The U.S. blockade of Cuba officially began on this day. In 1992, the Toronto Blue Jays became the first non-U.S. team to win the World Series.
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