On Friday, February 15, Staff Sergeant Romesha will visit the New York Stock Exchange and ring The Closing Bell.
About the Medal of Honor:
The Medal of Honor is the highest award for valor in action against an enemy force which can be bestowed upon an individual serving in the armed services of the U.S. Generally presented to its recipient by the President of the United States in the name of Congress, it is commonly referred to as the Congressional Medal of Honor.
The creation of the Medal of Honor began in 1861 during the Civil War. Later, in August 1958, President Dwight Eisenhower signed legislation sent to him by Congress chartering the Congressional Medal of Honor Society. Unlike other organizations, this group's members hope that there will be no other inductees...
Stocks closed mixed today, ahead of the long holiday weekend, as investors looked to book some profits following a rally in equities which brought the major indices to record highs. The group of 20 finance chiefs met in Moscow today and resisted adopting a tougher stance on exchange rates as they prepare to reiterate a pledge against competitive devaluations.
Federal Reserve chairman, Ben Bernanke said the U.S. economy is far from operating at full strength and reiterated his commitment to record easing. He was quoted saying, “With unemployment at almost 8%, we are still far from the fully healthy and vibrant conditions that we would like to see.
On the economic front, manufacturing in the New York region unexpectedly rebounded in February, jumping to a reading of 10 from a -7.8 in January signaling that factories will aid the U.S. economic expansion following a slowdown at the beginning of the year....
Breakfast Bites; Equities are trading in positive territory this morning, getting a boost from the February consumer confidence number after the S&P reached a 5 year high, but cautiously rising wary of the beginning of the G-20 meeting in Moscow.
Manufacturing in the New York region unexpectedly expanded to 10.04 in February indicating the areas factories are emerging from a slump that began in August.
International purchases of U.S. stocks, bonds and other financial assets rose more than forecast to $64.2 billion during December as investors sought shelter from slowing global growth.
Industrial Production in the U.S. unexpectedly shrank in January as factories took a breather after the biggest back to back gain in 3 decades.
University of Michigan Consumer Confidence came in at 76.3 better than expected and the best number since November of last year.
Ahead of the Bell: Dow futures are trading down 7 points and S&P futures are trading down 2 points. Investors will turn their focus to a gathering of the Group of 20 industrial and developing nations in Moscow today. A sharp depreciation in the Japanese yen is expected to be the main topic of discussion. According to preliminary reports, finance ministers will pledge to focus their monetary policy on price stability and growth, rather than devaluing their currencies. Optimism over an improving jobs market and a flurry of M&A deals, since the beginning of the year, is fueling investor sentiment.
On the economic calendar today, Empire state manufacturing survey for February will be out before the market opens, it is forecasted to be -1.75 versus -7.8 for January. Consumer sentiment for February will be released after the opening bell, 75.0 is expected compared with 73.8 for January. ...