Sponsored message from ADP |
Are employees relying on employers to solve financial problems? |
Employees who are financially stressed and working out of economic necessity can negatively impact workplace productivity.
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Investment Product and Service Launches |
HighTower advisers have access to Riskalyze solutions; John Hancock announces second round of reduced fees; and Voya Financial releases new TDF solution.
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Mixed TDF Investors Need to Be Prodded to Other Strategies |
Participants who mix target-date funds (TDFs) with other investments appear to be more sophisticated, but “it can diminish (or eliminate) the target-date fund’s potential benefit,” says David Blanchett, head of Retirement Research at Morningstar Investment Management LLC.
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Market Mirror |
Thursday, the Dow gained 372.68 points (1.41%) to finish at 26,728.15, the NASDAQ closed 139.95 points (1.75%) higher at 8,116.83, and the S&P 500 increased 38.22 points (1.30%) to 2,976.00. The Russell 2000 was up 25.99 points (1.75%) at 1,510.74, and the Wilshire 5000 climbed 392.95 points (1.31%) to 30,407.25.
The price of the 10-year Treasury note decreased 31/32, bringing its yield up to 1.566%. The price of the 30-year Treasury bond fell 1 31/32, increasing its yield to 2.054%.
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