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October 5th, 2023
Insight on Plan Design & Investment Strategy Every Weekday
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| ECONOMIC EVENTS |
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New orders for manufactured goods in August, up five of the last six months, increased $6.7 billion or 1.2% to $586.1 billion, the Census Bureau reported.
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| MARKET MIRROR |
Wednesday, the Dow rose 127.17 points (0.39%) to close at 33,129.55, the Nasdaq rose 176.54 points (1.35%) to close at 13,236.01 and the S&P 500 rose 34.30 points (0.81%) to close at 4,263.75. The Russell 2000 rose 1.86 points (0.11%) to close at 1,729.01, and the FT Wilshire 5000 Index rose 326.79 points (0.77%) to close at 42,876.22.
The 10-year Treasury note rose 26/32, bringing the yield to 4.742%. The 30-year Treasury bond rose 31/21, bringing the yield to 4.866%.
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EVENTS
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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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ON THIS DATE: In 1813, during the War of 1812, a British army with some 1,000 Native American allies under the famed leader Tecumseh was defeated by U.S. troops in the Battle of the Thames in what is now Ontario, Canada. In 1947, President Harry Truman delivered the first-ever televised presidential address from the White House, asking Americans to cut back on their use of grain in order to help starving Europeans. In 1962, the first installment in the James Bond film series, “Dr. No,” premiered; the British spy film was adapted from Ian Fleming’s novel and starred Sean Connery. In 1969, the British television series ”Monty Python’s Flying Circus” debuted on the BBC and proved to be a watershed for TV comedy around the world. In 1970, PBS began broadcasting on American television, and it became known for various programs, notably the children’s shows “Sesame Street” and “Mister Rogers’ Neighborhood.” In 1983, Lech Wałęsa, leader of Poland’s Solidarity union, received the Nobel Prize for Peace. In 1998, the Judiciary Committee of the U.S. House of Representatives recommended impeachment hearings against President Bill Clinton. In 2001, the Seattle Mariners became the winningest baseball team in American League history for a regular season. The 115th win broke a tie with the 1998 New York Yankees, who finished 114-48. In 2011, Barry Bonds of the San Francisco Giants broke Major League Baseball’s single-season home-run record when he hit his 71st and 72nd home runs of the season. He finished the season with 73. In 2007, following years of speculation—and denials—American track star Marion Jones pleaded guilty to steroid use, and several months later she was stripped of her five Olympic medals, three of which were gold. In 2011, businessman Steve Jobs, a pioneer of the personal computer era who cofounded Apple, died at age 56.
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