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Weekday news and analysis for retirement plan advisers
Thursday, September 08, 2022
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Judge Rejects Chamber’s Commentary in ERISA Suit
The U.S. District Court for the Eastern District of Michigan has issued a new ruling in an Employee Retirement Income Security Act lawsuit targeting the automotive components and supply business GKN North American Services Inc.
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DOL to Host Webinar on Women’s Retirement Security
The webinar will provide steps women can take that will have a positive impact on their financial future.
Today’s Most Read
1. Retirement Industry People Moves
2. Maryland’s State-Run Retirement Program Officially Launches
3. Judge Rules in Favor of Goldman Sachs in ERISA Suit
DOL Extends Comment Period, Sets Hearing on QPAM Exemption Amendment
The complexity of the proposed reforms to the qualified professional asset manager exemption has given some experts pause.
401(k) Trading in August Reflects 2nd Lowest Month in History
Traders favored equities in the beginning of the month as stocks were gaining, but they preferred fixed-income funds in the month’s second half amid Wall Street sell-offs.
Mapping Uncertain Heath Care Costs in Retirement
New research suggests that, while insurance can help with some of the costs of health care, out-of-pocket expenses will continue to rise as retirees age.
Market Mirror Market Mirror Graph

Wednesday, the Dow increased 453.98 points (1.40%) to close at 31,581.28, the Nasdaq won 246.99 points (2.14%) to finish at 11,791.90 and the S&P 500 gained 71.68 points (1.83%) to end trading at 3,979.87. The Russell 2000 extended 39.68 points (2.21%) to close at 1,832.00 and the Wilshire 5000 grew 744.78 points (1.91%) to reach 39,743.91.

The price of the 10-year Treasury note increased 28/32 bringing the yield down to 3.276%. The price of the 30-year Treasury bond increased 1 29/32 lowering the yield to 3.404%.

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