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Two ESOP Bills Progress in Congress |
Both aim to promote employee ownership and have bipartisan support.
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Active Fund Manager Performance History Doesn’t Tell Whole Picture |
The SPIVA Scorecard of active fund managers produced by S&P Dow Jones Indices shows long-term underperformance of active managers, but Steve Deschenes, with Capital Group, takes issue with the active versus passive debate.
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Retirement Industry People Moves |
External Wholesaler Joins BPAS; Lincoln Employs Sales Directors to Retirement Distribution Team; Mid Atlantic Partners with Parthenon and Waterfall; and more.
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Market Mirror |
Friday, the Dow closed 72.85 points (0.29%) higher at 24,946.51, the NASDAQ was virtually unchanged at 7,481.99, and the S&P 500 was up 4.68 points (0.17%) at 2,752.01. The Russell 2000 increased 9.43 points (0.60%) to 1,586.05, and the Wilshire 5000 gained 78.92 points (0.28%) to finish at 28,545.18.
The price of the 10-year Treasury note was down 4/32, increasing its yield to 2.844%. The price of the 30-year Treasury bond decreased 12/32, bringing its yield up to 3.078%.
WEEK’S WORTH: For the week ending March 16, the Dow fell 1.54%, the NASDAQ decreased 1.04%, and the S&P 500 lost 1.24%. The Russell 2000 was down 0.69%, and the Wilshire 5000 finished 1.09% lower.
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