 |
|
|
| Market Mirror | |
Tuesday, the Dow was up 184.84 points (0.71%) at 26,246.96, the NASDAQ was up 60.32 points (0.76%) at 7,956.11, and the S&P 500 was up 15.51 points (0.54%) at 2,904.31. The Russell 2000 closed 7.42 points (0.44%) higher at 1,710.97, and the Wilshire 5000 increased 157.67 points (0.52%) to 30,226.39.
The price of the 10-year Treasury note was down 18/32, increasing its yield to 3.056%. The price of the 30-year Treasury bond decreased 1 10/32, bringing its yield up to 3.201%. | |
| Sponsored message from Vanguard | |
| How TDFs can help combat inflation Can target-date funds (TDFs) withstand increasing inflationary pressures? We believe so, all while providing long-term growth in excess of inflation. Read more > | |
| Compliance | |
| Senator Murray Reintroduces ‘Women’s Pension Protection Act’ | |
| Senate Health, Education, Labor, and Pensions (HELP) Committee Ranking Member Patty Murray, D-Washington, has reintroduced legislation “to address some of the challenges families face as they plan for retirement,” especially women. According to Murray, the legislation would strengthen consumer protections, improve access to retirement savings plans for part-time workers, help increase women’s financial literacy, and give specific support to low-income women and survivors of domestic abuse. Read more > | |
| Frontier Communications Stock Drop Lawsuit Alleges Imprudent Telecom Concentration | |
| Lead plaintiff Mary Reidt is seeking class certification for similarly situated Frontier Communications 401(k) Savings Plan participants in a new Employee Retirement Income Security Act (ERISA) stock drop lawsuit filed in the U.S. District Court for the District of Connecticut. This suit alleges the defined contribution (DC) plan trust of Frontier Communications was 219-times more concentrated in Verizon stock than defendants felt was appropriate for the pension plan for which the company bore the investment risk. Read more > | |
| Small Talk | |
ON THIS DATE: In 1862, Union troops under General William Rosecrans defeated a Confederate force commanded by General Sterling Price at Iuka in northern Mississippi. In 1876, Melville R. Bissell patented the carpet sweeper. In 1881, 80 days after a failed office seeker shot him in Washington, D.C., President James A. Garfield died of complications from his wounds. In 1957, the United States detonated a 1.7 kiloton nuclear weapon in an underground tunnel at the Nevada Test Site (NTS), a 1,375 square mile research center located 65 miles north of Las Vegas. In 1970, “The Mary Tyler Moore Show” premiered on CBS-TV. In 1988, just one day after sustaining a head injury in a frightening accident, American diver Greg Louganis won gold in the springboard competition at the Summer Olympics, in Seoul, South Korea. It was his second consecutive Olympic gold in the event. In 1995, The Washington Post published a 35,000-word manifesto written by the Unabomber, who since the late 1970s had eluded authorities while carrying out a series of bombings across the United States that killed 3 people and injured another 23.
WEDNESDAY WISDOM: “If you count all your assets you always show a profit.”—Wilson Mizner, American playwright | |
| 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 > |
|
|
|
Editorial: Alison Cooke Mintzer alison.mintzer@strategic-i.com
Advertising: Paul Zampitella paul.zampitella@strategic-i.com
Subscribe to NEWSDash, click here .
To unsubscribe, click here.
|
BrightScope /
CIO /
FWW /
Investor Economics /
LiquidMetrix /
Market Metrics /
Matrix Solutions /
PLANADVISER /
Plan For Life /
PLANSPONSOR /
Simfund |