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September 29th, 2020
Insight on Plan Design & Investment Strategy Every Weekday
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Market Mirror |
Yesterday, the Dow gained 410.10 points (1.51%) to finish at 27,584.06, the NASDAQ closed 203.6 points (1.87%) higher at 11,117.53, and the S&P 500 increased 53.14 points (1.61%) to 3,351.60. The Russell 2000 was up 35.44 points (2.40%) at 1,510.34, and the Wilshire 5000 climbed 563.58 points (1.67%) to 34,379.77.
The price of the 10-year Treasury note was down 1/32, increasing its yield to 0.663%. The price of the 30-year Treasury bond decreased 27/32, bringing its yield up to 1.424%.
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ON THIS DATE: In 1943, U.S. Gen. Dwight D. Eisenhower and Italian Marchal Pietro Badoglio signed an armistice aboard the British ship Nelson. In 1982, in Chicago, seven people died after taking capsules of Extra-Strength Tylenol that had been laced with cyanide. 264,000 bottles were recalled. In 1988, Stacy Allison of Portland, Oregon, became the first American woman to reach the summit of Mount Everest. In 1994, the House of Representatives 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.
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