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Thursday, July 13, 2023
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T. Rowe Price Champions Co-Branding With Adviser Firms
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T. Rowe's head of core market segments says co-branding on financial wellness and advice can increase lead generation.
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Insurance Group Calls On White House to Support More Retirement, Annuity Legislation
The IRI wrote to the Biden administration in the hopes it will back retirement legislation that paves the way for more guaranteed income products and seeks CIT use in 403(b) plans.
Today’s Most Read
1. Fidelity Data Breach Exposed Info of 77,000 Clients
2. Who Is Most at Risk for Retirement Savings Shortfall?
3. 401(k) Traders Shifting to Fixed Income
Twitter Hit With $500M Suit for Unpaid Severance
The proposed class action alleges Elon Musk promised to abide by the firm’s severance plan but did not follow through.
SEC Changes Liquidity Fee, Gate Structure for MMFs
MMFs must be significantly more liquid in 2024 under new rule updates adopted this week.
Wake Forest Baptist Health Settles 403(b) Suit for $3.8M
The plaintiffs filed an unopposed settlement after “hard-fought” negotiations.
Market Mirror Market Mirror Graph

Wednesday, the Dow gained 86.01 points (0.25%) to close at 34,347.43, the Nasdaq gained 158.26 points (1.15%) to close at 13,918.96 and the S&P 500 gained 32.90 points (0.74%) to close at 4,472.16. The Russell 2000 rose 20.02 points (1.05%) to close at 1,933.38, and the FT Wilshire 5000 Index rose 331.80 points (0.74%) to close at 45,233.60.

The price of the 10-year Treasury note increased 8/32, bringing the yield to 3.869%. The price of the 30-year Treasury bond increased 31/32, bringing the yield to 3.957%.

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