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Weekday news and analysis for retirement plan advisers
Friday, March 17, 2023
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The Markets
SVB Collapse Likely to Discourage Rate Hikes
PA-031623-SVB Causes Fed Rate Hike Pause-1294813241-web
PGIM fixed income experts see a 25 basis point hike next week, no others this year as inflation is less of a risk than larger economic headwinds due to bank concerns.
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Investment Product and Service Launches
JPMorgan launches China active ETF; First Trust launches inflation sensitive ETF; Modern Capital announces the Modern Capital Tactical Opportunities Fund; and more.
Today’s Most Read
1. LPL Terminates CEO Arnold for Violating “Respectful Workplace” Rules
2. Charles Schwab CEO Walt Bettinger to Retire
3. DC Plan Experts See Slow, Steady Progress in Plan Personalization
Anti-ESG States Continue Organizing
Policy experts say that ESG policy is likely to be most active at the state level.
Women of Color Taking More Confident Approach to Financial Future
According to data from Edelman Financial Engines, 67% of women of color reported securing a better financial path than the one they saw growing up.
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Market Mirror Market Mirror Graph

Thursday, the Dow gained 371.98 points (1.17%) to close at 32,246.55, the Nasdaq gained 283.23 points (2.48%) to close at 11,717.277 and the S&P 500 gained 68.35 points (1.76%) to close at 3,960.28. The Russell 2000 increased 25.29 points (1.45%) to close at 1,771.89 and the Wilshire 5000 increased 659.75 points (1.71%) to close at 39,252.12.

The price of the 10-year Treasury note decreased 3/32, bringing the yield to 3.584%. The price of the 30-year Treasury bond was unchanged and the yield was 3.705%.

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