 |
|
|
|
| Market Mirror | |
Ongoing worries about the health of the Chinese economy and another big sell-off in drug makers pushed the stock market back toward its lowest level of the year, according to the Associated Press. The Dow closed 312.78 points (1.92%) lower at 16,001.89, the NASDAQ fell 142.53 points (3.04%) to 4,543.97, and the S&P 500 took a 49.57-points (2.57%) dive to 1,881.77. The Russell 2000 lost 45.60 points (4.01%) to finish at 1,090.57, and the Wilshire 5000 plummeted 553.35 points (2.72%) to 19,760.18. On the NYSE, 3.2 billion shares traded, with a nearly 9 to 1 lead for advancers. On the NASDAQ, nearly 2.8 billion shares changed hands, with declining issues outnumbering advancing issues more than 5 to 1. The price of the 10-year Treasury note increased 20/32, bringing its yield down to 2.094%. The price of the 30-year Treasury bond climbed 1 19/32, decreasing its yield to 2.878%. | |
| Compliance | |
| PBGC Issues New Solvency Projections | |
| The projected insolvency date for the insurance program for multiemployer pension plans, which cover more than 10 million Americans, has been delayed by three years, according to the FY 2014 Projections Report released by the Pension Benefit Guaranty Corporation (PBGC).Read more > | |
| From the Magazine | |
| Different Paths to a Streamlined Investment Menu | |
| Despite witnessing significant evolution in retirement plan investment lineups since 401(k)s were introduced, Toni Brown, a longtime retirement industry professional and senior defined contribution (DC) specialist at American Funds in San Francisco, has come to the realization that “having a simple menu where people can’t get themselves into trouble makes a lot of sense.”Read more > | |
| Investing | |
| Retirement Plans Abandoning Asset Class Preference | |
| Between 2013 and 2015, the number of investors indicating they would use multi-asset class funds in the subsequent three years increased significantly across multiple investor types, according to the findings of a survey by CREATE-Research and commissioned by the Principal Financial Group. The research report, “Asset Allocation: Survival of the Fleetest,” analyzes data from the 2013 to 2015 CREATE-Research surveys, with a focus on asset allocation investment trends in the defined benefit, defined contribution, retail, and high net worth investor classes.Read more > | |
| Small Talk | |
ON THIS DATE: In 1789, a regular army was established by the U.S. War Department with several hundred men. In 1960, “My Three Sons” debuted on ABC-TV. In 1994, the U.S. House voted to end the practice of lobbyist buying meals and entertainment for members of Congress. In 2008, the Dow Industrial Average lost 777 points. It was the largest one-day decline to date. The drop came after the U.S. House of Representatives had voted down a $700 billion bank bailout plan.
TUESDAY TRIVIA: Not this week. TRIVIAL PURSUITS: Not this week. | |
| Share the good news with a friend! Pass the Dash 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: advertise@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 |