|
October 27th, 2020
Insight on Plan Design & Investment Strategy Every Weekday
|
|
|
|
|
|
|
Economic Events |
Sales of new single-family houses in September were at a seasonally adjusted annual rate of 959,000, according to estimates released jointly by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 3.5% below the revised August rate of 994,000, but is 32.1% above the September 2019 estimate of 726,000.
|
|
|
|
Market Mirror |
Yesterday, the Dow fell 650.19 points (2.29%) to 27,685.38, the NASDAQ decreased 189.35 points (1.64%) to 11,358.94, and the S&P 500 closed 64.42 points (1.86%) lower at 3,400.97. The Russell 2000 was down 25.05 points (1.54%) at 1,605.21, and the Wilshire 5000 lost 668.68 points (1.87%) to finish at 35,124.69.
The price of the 10-year Treasury note increased 26/32, bringing its yield down to 0.803%. The price of the 30-year Treasury bond climbed 1 1/32, decreasing its yield to 1.595%.
|
|
|
|
|
|
|
|
ON THIS DATE: In 1858, Roland Macy opened Macy’s Department Store in New York City. In 1858, future President Theodore Roosevelt was born in New York City. In 1904, the New York City subway opened. In 1962, negotiations between the United States and the Soviet Union finally resulted in a plan to end the two-week-old Cuban Missile Crisis. In 1978, Egyptian President Anwar Sadat and Israeli Prime Minister Menachem Begin were named winners of the Nobel Peace Prize for their progress toward achieving a Middle East accord. In 2004, the Boston Red Sox won the World Series for the first time since 1918. In 2003, Bank of America Corp. announced it had agreed to buy FleetBoston Financial Corp. The deal created the second largest banking company in the U.S.
|
|
|
|
Did someone forward you this newsletter? Sign up here to get NEWSDash directly in your mailbox!
|
|
|