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October 24th, 2023
Insight on Plan Design & Investment Strategy Every Weekday
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MARKET MIRROR |
Monday, the Dow fell 190.87 points (0.58%) to close at 32,936.41, the Nasdaq rose 34.52 points (0.27%) to close at 13,018.33 and the S&P 500 fell 7.12 points (0.17%) to close at 4,217.04. The Russell 2000 fell 14.91 points (0.89%) to close at 1,665.88, and the FT Wilshire 5000 Index fell 109.11 points (0.26%) to close at 42,297.49.
The 10-year Treasury note fell 2/32, bringing the yield to 4.849%. The 30-year Treasury bond fell 3/32, bringing the yield to 5.003%.
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Benefits
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Tackling HSAs During Open Enrollment
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Employers offering high-deductible health plans can use open enrollment as a time to educate participants and correct misconceptions about health savings accounts.
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EVENT
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Navigating ESG
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What is the current status of ESG investing for asset owners, plan sponsors and plan advisers? Who are the experts and where can investors go for information? What questions should investors ask as part of their due diligence? These questions and more will be discussed at the 2023 Navigating ESG Livestream event on November 8.
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RESEARCH
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Don't miss your chance to participate in PLANSPONSOR's DC Survey!
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PLANSPONSOR’s annual DC Survey is closing soon. Be a part of the most widely used benchmarking data for the defined contribution retirement plan marketplace. Eligible plan sponsors that participate in the survey will get a free copy of an industry report that can be useful for plan benchmarking.
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ON THIS DATE: In 1861, the first transcontinental telegram was sent via the telegraph in the U.S. In 1917, more than 600,000 Italians surrendered or retreated at the Battle of Caporetto during World War I. In 1929, a record 12,894,650 shares of stock were traded, causing the first day of real panic in the Crash of 1929, known as “Black Thursday.” In 1931, eight months ahead of schedule, New York governor Franklin D. Roosevelt dedicated the George Washington Bridge over the Hudson River. In 1940, the 40-hour workweek went into effect under the U.S. Fair Labor Standards Act of 1938. In 1945, the charter for the United Nations—established at the end of World War II to maintain world peace and friendly relations among nations—entered into force. In 1970, Salvador Allende’s election as the first Marxist president of Chile was confirmed. In 1992, the Toronto Blue Jays defeated the Atlanta Braves to become the first team not based in the U.S. to win the World Series. In 2003, supersonic passenger service ended as British Airways flew its last Concorde flight; Air France had ceased similar operations in May. In 2005, civil rights activist Rosa Parks—whose refusal to relinquish her seat on a public bus to a white man in 1955 helped ignite the American civil rights movement—died at age 92. In 2017, musician Fats Domino, who was one of the first rock-and-roll stars and who helped define the New Orleans sound, died at age 89.
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