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Weekday news and analysis for retirement plan advisers
Monday, May 09, 2022
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Big Market Swings Always Raise Big Questions
April was a hard month for the markets, and the beginning of May has been even more brutal, but investment experts still see room for tempered optimism about the remainder of the year.
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How Advisers Can Build Trust Among Investors
CFA Institute data suggests industry leaders should seek to understand investor trust so they can deliver the most value to their clients.
Today’s Most Read
1. Many Providers Are Prioritizing Participant Financial Advice in 2023
2. A Reminder to Avoid Fraudulent Hardship Withdrawals
3. OneDigital Acquires $500M Florida Retirement and Wealth Management Shop
Reps Introduce Increasing Small Business Retirement Choices Act
The legislations’ backers say their proposal will lower the cost of providing plans for small business owners.
Retirement Industry People Moves
CFP Board appoints head of research; Mercer Advisors acquires HYA Advisors; attorney returns to the Wagner Law Group as principal; and more.
Plan Sponsor Interest in Pooled Employer Plans Has Increased
The largest small employers may be the most interested.
Market Mirror Market Mirror Graph

Friday, the Dow was down 98.60 points (0.30%) to 32,899.37, the Nasdaq fell 173.03 points (1.40%) to 12,144.66, and the S&P 500 lost 23.53 points (0.57%) to close at 4,123.34. The Russell 2000 was down 31.58 points (1.69%) to 1,839.56, and the Wilshire 5000 dropped 366.06 points (0.88%) to 41,057.46.

The price of the 10-year Treasury note was down 30/32 bringing its yield up to 3.148. The price of the 30-year Treasury bond decreased 1 31/32 increasing its yield up to 3.240%.

For the week ending May 6, the Dow was down 0.24%, the Nasdaq fell 1.54%, and the S&P 500 lost 0.21%. The Russell 2000 decreased 1.32%, and the Wilshire 5000 finished 0.69% lower.

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