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| Court Orders Business Owner to Prison for Embezzling 401(k) Funds |
| The U.S. District Court for the District of Kansas has sentenced business owner Brenda Wood to serve 50 months of imprisonment followed by an additional five years of supervised release, and to make restitution including $69,000 in employee and matching employer contributions, as well as lost earnings due to the 401(k) plan, and approximately $4.3 million for fraudulent loans and identity theft.
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| U.S. Equities Boost Institutional Investor Returns in Q2 2018 |
| Institutional assets tracked by Wilshire Trust Universe Comparison Service (Wilshire TUCS) posted an all-plan median return of 0.88% for the second quarter and 7.50% for the year ending June 30.
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| Market Mirror |
| Market Mirror |
| Tuesday, the Dow climbed 126.73 points (0.50%) to 25,628.91, the NASDAQ gained 23.99 points (0.31%) to finish at 7,883.66, and the S&P 500 closed 8.05 points (0.28%) higher at 2,858.45. The Russell 2000 was up 3.99 points (0.24%) at 1,688.30, and the Wilshire 5000 increased 75.40 points (0.25%) to 29,764.56.
The price of the 10-year Treasury note was down 9/32, increasing its yield to 2.978%. The price of the 30-year Treasury bond decreased 20/32, bringing its yield up to 3.122%.
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