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| Market Mirror |
Yesterday, the Dow gained 63.01 points (0.28%) to finish at 22,331.35, the NASDAQ increased 6.17 points (0.10%) to 6,454.64, and the S&P 500 closed 3.64 points (0.15%) higher at 2,503.87. The Russell 2000 climbed 9.37 points (0.65%) to 1,441.08, and the Wilshire 5000 was up 22.82 points (0.09%) at 25,962.28. The price of the 10-year Treasury note was down 8/32, increasing its yield to 2.231%. The price of the 30-year Treasury bond decreased 21/32, bringing its yield up to 2.801%. |
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| Sponsored message from Milliman |
| Imagine a retirement plan with predictable contributions and lifelong income. Sound impossible? We’re actuaries – we’ll show you the math.Read more > |
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| Investing |
| White Labeled Funds Attract More Plan Sponsors |
| In the past two decades, investment lineups for defined contribution (DC) plans have remained largely unchanged, according to Willis Towers Watson (WTW). The firm believes plan sponsors can gain from revamping their lineups with a focus on “reframing the design of actively managed options with an emphasis on fewer, broader investment options to ease participant decision making.” The firm explores this concept in a new paper where it makes the case for multi-manager white label funds.Read more > |
| TDFs Outperformed Typical DC Investor Since 2006 |
| The Callan DC Index also shows nearly three-fourths of DC plan account balance growth has been due to investment performance.Read more > |
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| Small Talk |
| ON THIS DATE: In 1777, the Battle of Saratoga was won by American soldiers during the Revolutionary War. In 1796, U.S. President George Washington’s farewell address was published. In 1876, Melville R. Bissell patented the carpet sweeper. In 1942, the first advertisement to announce Little Golden Books appeared in Publishers Weekly. In 1957, the U.S. conducted its first underground nuclear test. The test took place in the Nevada desert. In 1970, “The Mary Tyler Moore Show” premiered on CBS-TV. In 1982, reportedly, Scott Fahlman became the first person to use 🙂 in an online message. In 1995, the U.S. Senate passed a welfare overhaul bill. In 2003, it was reported that AOL Time Warner was going to drop “AOL” from its name and be known as Time Warner Inc. |
| TRIVIAL PURSUITS: What were the first milkshakes made from?Read more > |
| 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 > |
