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Monday, October 03, 2022
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DEALS & PEOPLE
Retirement Industry People Moves
Katten names former SEC senior counsel as partner; OneDigital acquires KB Financial Companies; Marsh McLennan names president and CEO; and more.
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Interim Funding Bill Heads to President's Desk
The House passes a continuing resolution to keep the government open and provide specific funding for aid to Ukraine and disaster relief in the U.S.
Today’s Most Read
1. Nuveen CEO Minaya Steps Down, President Huffman Takes Role
2. Why Aren’t Participants Using Financial Wellness Programs?
3. AT&T Files Motion to Dismiss Lawsuits Related to Athene Deal
Congressman Jim Himes Addresses Investment Adviser Association Forum
Congressman discusses pending retirement legislation, political polarization, sanctions policy.
Underestimating Longevity Risk
Americans’ projections about their own life expectancy often miss the mark, which can create problems in retirement.
New Territory for Income?
Advisers and providers need to help solve the decumulation challenge.
Market Mirror Market Mirror Graph

Friday, the Dow lost 500.10 points (1.71%) to close at 28,725.51, the Nasdaq was down 161.89 points (1.51%) to end trading at 10,575.619 and the S&P 500 fell 54.85 points (1.51%) to close at 3,585.62. The Russell 2000 lost 10.21 points (0.61%) to close at 1,664.72 and the Wilshire 5000 was down 490.07 points (1.35%) to close at 35,883.85.

 

The price of the 10-year Treasury note decreased 2/32 bringing the yield up to 3.816%. The price of the 30-year Treasury bond was down 9/32 bringing the yield up to 3.779%.

 

For the week ending September 30, the Dow decreased 2.92%, the Nasdaq fell 2.69% and the S&P 500 lost 2.91%. The Russell 2000 was down 0.89% and the Wilshire 5000 finished 2.46% lower.

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