March 15, 2020
The U.S equity market peaked on February 19, 2020, with the Standard & Poor’s Index of 500 stocks (S&P 500) reaching 3,386, and subsequently correcting to 2,480 on March 12, 2020, a 26.75% drop in merely three weeks. Moreover, volatility has been extreme, with circuit breakers (causing a pause in trading) hit twice in the cash market and twice in the futures market in one week.
New York, March 15, 2020 – The Pension Boards-United Church of Christ today announced the temporary closing of its offices at 475 Riverside Drive, for a period of up to three weeks, due to the varying degrees of severity and complexity of COVID-19 in New York City and surrounding areas.
The 2020 Annual Meeting of Members of The Pension Boards-United Church of Christ, Inc. will be held on Thursday, May 14, 2020 commencing at 8:30 a.m., Eastern Daylight Time, at The Interchurch Center, 475 Riverside Drive, Room 1020, New York, New York 10115, and at any adjournment thereof for the election of Trustees, the presentation of annual reports and the transaction of such other business as may properly come before the meeting.