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| Market Mirror | |
Tuesday, the Dow gained 61.49 points (0.28%) to finish at 22,118.86, the NASDAQ closed 22.02 points (0.34%) higher at 6454.28, and the S&P 500 was up 8.37 points (0.34%) at 2,496.48. The Russell 2000 increased 8.64 points (0.61%) to 1,423.46, and the Wilshire 5000 climbed 100.05 points (0.39%) to 25,910.16.
The price of the 10-year Treasury note was down 9/32, increasing its yield to 2.163%. The price of the 30-year Treasury bond decreased 16/32, bringing its yield up to 2.769%. | |
| Industry Voices | |
| Integrating Financial Wellness Into Equity Compensation Plans | |
| Within the context of equity compensation, financial wellness programs can go a long way to help employees work toward their long-term financial goals, says Marc McDonough, vice president, Schwab Stock Plan Services.Read more > | |
| Ask the Experts | |
| FICA Difference Between 403(b)s and 401(k)s | |
| “I read with great interest your recent Ask the Experts column about one-time irrevocable elections for 403(b) plans. I was surprised that you mentioned that such contributions are indeed subject to FICA. I work primarily with 401(k) plans, where this is clearly not the case. Is it different for 403(b) plans, or was this a typo.”Read more > | |
| Investing | |
| Fear of Stock Market Hurting Millennials’ Retirement Savings | |
| Many Millennials may be missing out on stock market gains when saving for retirement, according to research from LendEDU. The research found 41% of Millennials are avoiding the stock market and are instead using savings accounts to save for retirement. LendEDU estimates that avoiding the stock market will cause Millennials to miss out on more than $3.46 million by retirement at age 65. More than half (52.30%) of Millennials report the 2007-2008 financial crisis has kept them from investing in the stock market. In addition, 58.60% said they would consider themselves to be “afraid of the stock market.”Read more > | |
| Small Talk | |
| ON THIS DATE: In 1847, U.S. forces took the hill Chapultepec during the Mexican-American War. In 1922, in El Azizia, Libya, the highest shade temperature was recorded at 136.4 degrees Fahrenheit. In 1935, aviator Howard Hughes, Jr., of Houston, set a new airspeed record of 352 mph with his H-1 airplane (Winged Bullet). In 1948, the School of Performing Arts opened in New York City. It was the first public school to specialize in performing arts. In 1948, Margaret Chase Smith was elected to the U.S. Senate and became the first woman to serve in both houses of the U.S. Congress. In 1949, the Ladies Professional Golf Association of America was formed. In 1970, the first New York City Marathon took place. Fireman Gary Muhrucke won the race. In 1971, in New York, National Guardsmen stormed the Attica Correctional Facility and put an end to the four-day revolt. A total of 43 people were killed in the final assault. In 1971, the World Hockey Association was formed. In 1977, the first diesel automobiles were introduced by General Motors. In 2001, U.S. Secretary of State Colin Powell named Osama bin Laden as the prime suspect in the terror attacks on the United States on September 11, 2001. Limited commercial flights resumed in the U.S. for the first time in two days. WEDNESDAY WISDOM: “Life appears to me too short to be spent in nursing animosity, or registering wrongs.”—Charlotte Bronte, English novelist and poet | |
| Share the 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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Editorial: Alison Cooke Mintzer alison.mintzer@strategic-i.com
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