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Monday, September 19, 2022
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Retirement Industry People Moves
MetLife appoints director of institutional client group; eMoney announces leadership team additions; TIAA names head of research and thought leadership arm; and more.
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Alight Announces New Benefits Marketplace
The offering can provide employees with access to more than 150 services and experiences.
Today’s Most Read
1. It’s Time We Stopped Evaluating Managed Accounts from 2006
2. The Expansive Reach of the DOL’s Proposed Fiduciary Rule
3. Empower Reports Year-Over-Year Growth in Workplace, Wealth
Janus Henderson Sued for Allegedly Favoring Its Own Funds in Its Retirement Plan
Class action lawsuit claims firm loaded its 401(k) plan with high-fee, underperforming proprietary funds.
Hearsay Aims to Help Advisers Ensure Compliance With Marketing Rule
Hearsay says its new digital client is designed to assist advisers and firms in adhering to new SEC marketing regulations.
Market Mirror Market Mirror Graph

Friday, the Dow dropped 139.40 points (0.45%) to close at 30,822.42, the Nasdaq sagged 103.95 points (0.90%) to end trading at 11,448.404 and the S&P 500 slipped 28.02 points (0.72%) to close at 3,873.33. The Russell 2000 lost 27.04 points (1.48%) to close trading at 1,798.19 and the Wilshire 5000 decreased 372.34 points (0.95%) to end at 38,750.52.

The price of the 10-year Treasury note was unchanged and the yield remained 3.453%. The price of the 30-year Treasury bond decreased 31/32 bringing the yield up to 3.521%.

For the week ending March 11, the Dow was down 4.13%, the Nasdaq fell 5.48%, and the S&P 500 lost 4.79%. The Russell 2000 decreased 4.50%, and the Wilshire 5000 ended the week 4.87% lower.

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