and that weighed on stocks. but it wasn t the only thing. the organization for economic cooperation and development lowered its global growth forecast. so while things may be looking up for the u.s. economy, especially after last friday s jobs report, it comes at a time of weakening economic growth around the world. by the close today the dow jones industrial average dropped 179 points to 17,730. nasdaq fell 51. and the s&p 500 lost 20. as for the bond market, yields rose as prices fell. the ten-year u.s. note is now up more than a third of a percentage point in yield in less than a month. bob pisani shows us how the market is responding to this new reality. reporter: stocks experienced their weakest day in over a month. much of the decline was due to continuing fallout from the strong jobs report and the increasing likelihood that the fed will raise rates in december. interest rate-sensitive groups like reits and emerging markets and home builders were all down about 2%. t
and that weighed on stocks. but it wasn t the only thing. the organization for economic cooperation and development lowered its global growth forecast. so while things may be looking up for the u.s. economy, especially after last friday s jobs report, it comes at a time of weakening economic growth around the world. by the close today the dow jones industrial average dropped 179 points to 17,730. nasdaq fell 51. and the s&p 500 lost 20. as for the bond market, yields rose as prices fell. the ten-year u.s. note is now up more than a third of a percentage point in yield in less than a month. bob pisani shows us how the market is responding to this new reality. reporter: stocks experienced their weakest day in over a month. much of the decline was due to continuing fallout from the strong jobs report and the increasing likelihood that the fed will raise rates in december. interest rate-sensitive groups like reits and emerging markets and home builders were all down about 2%. t
and that weighed on stocks. but it wasn t the only thing. the organization for economic cooperation and development lowered its global growth forecast. so while things may be looking up for the u.s. economy, especially after last friday s jobs report, it comes at a time of weakening economic growth around the world. by the close today the dow jones industrial average dropped 179 points to 17,730. nasdaq fell 51. and the s&p 500 lost 20. as for the bond market, yields rose as prices fell. the ten-year u.s. note is now up more than a third of a percentage point in yield in less than a month. bob pisani shows us how the market is responding to this new reality. reporter: stocks experienced their weakest day in over a month. much of the decline was due to continuing fallout from the strong jobs report and the increasing likelihood that the fed will raise rates in december. interest rate-sensitive groups like reits and emerging markets and home builders were all down about 2%. t
the movement is gaining bipartisan support in many states. and legislation for state-based private retirement plans hags already passed in illiis, oregon and washington state n. illinois, starting in 2017, any business with 25 or more employees that s operated for at least two years must offer the state-based plan unless it provides anonoer retirement option. employers will automatically deduct 3% from an employee s pay check and move the money into a state-run investment pool. while it s mandatory for smallll businesses to participate, workers can opt out at any time n. oregon a similar plan is also expected to be implemented in 2017. in washington state employers with 100 or fewer employees can decide whether to offer accounts to their workers. the state s marketplace is expected to be in operation by access to a digital portal to plans. and employer can provide a match of up to 3% much like a 402 plan. advocates say this could boost retirement savings but some financial
your money, your life, your future future. whether it s procrastination or the reality of living paycheck to paycheck, more than a third of all americans say they have nothing saved for retirement. now some states are trying to change that with mandatory retirement savings programs. is it a good idea? that s our cover story this week. a movement for states to help offer retirement plans is underway across the nation aimed at helping more than half of all u.s. workers who do not have access to an employer-sponsored retirement plan. the movement is gaining bipartisan support in many states. and legislation for state-based private retirement plans hags already passed in illinois, oregon and washington state n. illinois, starting in 2017, any business with 25 or more employees that s operated for at least two years must offer the state-based plan unless it provides another retirement option. employers will automatically check and move the money into a state-run investment pool.