On Friday, May 15, Indiana Trust Company's Brad LaTour and Cory Spaulding joined several other guests at the inaugural fundraising event, Art in Bloom, at the David Owsley Museum of Art in Muncie, Indiana. The event celebrated the museum's collection through innovative floral interpretations created by the region's top floral designers. Brad and Cory are pictured here with the museum's director, Bob LaFrance, and his wife, Areli Marina.
Investors seemed to take their emotional cue from a spate of mixed earnings results and economic data, waffling between enthusiasm and caution throughout the month. The Nasdaq finally recouped the losses it incurred during the technology crash 15 years ago, hitting a new record high during the third week of April. It then gave up much of that ground to end the month less than 1% higher than where it started. The S&P 500 and Russell 2000 indexes also managed to hit new highs, only to retreat again, posting a modest gain of 0.85% and a loss of 2.61%, respectively. The benchmark 10-year Treasury yield rose past the 2% mark.
Internationally, investors kept a keen eye on Greece and its ongoing discussions with creditors, as speculation continued about the country's ability to repay its debts. Despite this uncertainty, April seemed to favor global stocks, which surged 3.30%.
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Our Muncie office will be hosting its 3rd Annual ITC Hoops Open House from noon until 5 p.m. Friday, March 20th with basketball on two TVs, networking and great food.
James Whitford, Head Coach of Ball State University’s Men's Basketball team will join us for the Open House at 1:00 p.m. Coach Whitford will spend a few minutes talking about what lies ahead for Ball State basketball.
We look forward to having you with us this Friday!
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Volatility Continued to rule the domestic equities markets. After losing ground in January, the major indices had a strong February. March saw early losses, then solid gains, with the Dow industrials, S&P 500, and Russell 2000 all hitting closing highs, and the Nasdaq closing above 5000 for the first time in 15 years, just shy of its all-time high. But these gains were tempered by a late-month downturn, with all the major indices losing ground in five of the last seven trading days as investors, jittery about corporate earnings, took profits. The small caps of the Russell 2000, which are seen as having less international exposure, saw March's only gains, and also led all indices for the quarter, up almost 4% with the Nasdaq right behind at 3.5%. The S&P and Global Dow trailed, up .4% and .7% respectively, while the Dow industrials slipped into negative territory for the year.
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Ever since a legal secretary named Ida May Fuller received the first retirement benefit check in 1940, women have been counting on Social Security to provide much-needed retirement income. Social Security provides other important benefits too, including disability and survivor's benefits, that can help women of all ages and their family members.
1. How does Social Security protect you and your family?
When you work and pay Social Security taxes, you're paying for three types of benefits: retirement, disability, and survivor's benefits.
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