Amid Volatility, Advisers Report Ongoing Client Equity Focus |
Despite clients’ tendency to focus on equity performance, half of advisers surveyed by Incapital expect their clients will be increasing allocations to fixed income or cash over the next 12 months.
Read more > | | ASB Votes to Adopt Changes to ERISA Plan Annual Financial Audits |
Although the ASB has voted to issue this SAS as a final standard, it expects to consider whether conforming amendments to this SAS will be necessary once the Proposed Statements on Auditing Standards Auditor Reporting and Related Amendments are voted to be issued, which is expected to occur in the first half of 2019.
Read more > | | Market Mirror | Yesterday, the Dow gained 287.97 points (1.13%) to finish at 25,826.43, the NASDAQ closed 110.98 points (1.51%) higher at 7,441.51, and the S&P 500 increased 30.20 points (1.09%) to 2,790.37. The Russell 2000 was up 15.69 points (1.02%) at 1,548.96, and the Wilshire 5000 climbed 319.62 points (1.12%) to 28,768.49.
The price of the 10-year Treasury note was up 6/32, decreasing its yield to 2.973%. The price of the 30-year Treasury bond increased 25/32, bringing its yield down to 3.253%.
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