Stocks ended the session mixed today, with the Dow hitting fresh multi-year highs as investors digested a handful of earnings reports and looked ahead to President Obama’s State of the Union address later this evening. Market participants will be focusing on the automatic spending cuts that will kick in after March 1 if no action is taken by congress. Financials led the S&P 500 while the tech sector dragged.
On the economic front, small business sentiment inched higher to 88.9 in January from 88.0 the month prior, as business owners are optimistic that conditions will steadily improve in the next few months despite the recent tax hikes.
According to Thomson Reuters, of the 353 companies in the S&P 500 that have reported earnings, 70.3% have beat expectations, and 65% over the past four quarters.
On Tuesday, February 12, executives and guests of Quanta Services, Inc. (NYSE: PWR), will visit the New York Stock Exchange (NYSE) to mark the company's 15th anniversary of listing. The company's common stock began trading on the NYSE on February 12, 1998.
To mark this occasion, President and CEO Jim O'Neil will ring the NYSE Closing Bell.
About Quanta Services (NYSE: PWR):
Quanta Services is a leading specialized contracting services company, delivering infrastructure solutions for the electric power and natural gas and pipeline industries. Quanta's comprehensive services include designing, installing, repairing and maintaining network infrastructure. Additionally, Quanta licenses point-to-point fiber optic telecommunications infrastructure in certain markets and offers related...
Actress Eva Longoria, Chef Michael Symon and PepsiCo Execs Highlight Lay's "Do Us a Flavor" Contest and ring The Opening Bell.
PepsiCo, Inc. (PepsiCo), incorporated in 1919, is a global food and beverage company. The Company makes, markets, sells and distributes a range of foods and beverages in more than 200 countries and territories. PepsiCo is organized into four business units: PepsiCo Americas Foods (PAF), which includes Frito-Lay North America (FLNA), Quaker Foods North America (QFNA) and all of its Latin American food and snack businesses (LAF); PepsiCo Americas Beverages (PAB), which includes all of its North American and Latin American beverage businesses; PepsiCo Europe, which includes all beverage, food and snack businesses in Europe, and PepsiCo Asia, Middle East and Africa (AMEA), which includes all beverage, food and snack...
Breakfast Bites: Markets have opened in cautious territory this morning wary over the State of the Union Speech tonight where it is expected that the President will focus on the "sequester" of automatic spending cuts that will kick in after March 1 if Congress takes no action to stop them
The National Federation of Independent Business said its small-business optimism index for January rose to 88.9 from 88 in December, but just shy of expectations for a rise to 89.5
U.S. Job openings fell to 3.617 million in December from 3.790 million in November
President Obama will deliver his State of the Union address at 9 p.m. ET
The U.S. Treasury Budget for January is out at 2 p.m. ET. Analysts polled are looking for a deficit of $2 billion.
Moody's cut its 2013 growth outlook for the eight advanced economies in the Group of 20, including the U.S., Germany, the U.K. and Japan, to 1.4% from...
Ahead of the Bell: Dow futures are trading down 5 points and S&P futures are trading down 2 points on down beat earnings from the euro zone, along with the ongoing debt crisis in Italy and Spain. The US dollar held firm after a Group of Seven nations (G7) said in a statement that members won't target exchange rates. All eyes will be on the Federal Reserve today, a number of officials are on the speaking circuit, including Ester George, Charles Plosser, and Jeffrey Lacker. Fed watchers will be looking for hints as to when the central bank plans to end its asset purchase program.
On the economic calendar today, the treasury budget for January will be out in the afternoon, $-2.0 B is forecasted compared with $0.3 B for December.
President Barack Obama will deliver the State of the Union address to Congress this evening. The dollar is up against the British pound and Japanese yen and down against...