Stocks rose for the tenth day in a row as investors welcomed the drop in jobless claims and viewed other positive economic news. European Union heads of state headed to Brussels to discuss the bloc’s austerity measures and rising unemployment among youth.
On the economic front, weekly jobless claims declined 10,000, according to the Labor Department, marking the third consecutive week of declines.
Producer prices increased 0.7% in February, gaining by the most in five months as gasoline prices spiked.
Consumer confidence moved closer to its pre-recession levels this week, according to the Bloomberg Consumer Comfort Index. The sequester budget cuts may threaten growth, however, with low-income Americans.
The 2013 Grand Marshal, Mr. Smith is the great-grandson of the legendary Al Smith, Governor of New York, and serves as the Director, Secretary, and Dinner Chairman for the Alfred E. Smith Memorial Foundation and on the Tony Blair Faith Foundation. He worked on Wall Street for over 25 years and is active in many community affairs. He has received numerous honors from many organizations recognizing his lifelong endeavors on both sides of the Atlantic. Click here for Al Smith's full bio.
This year's Parade will honor the work of Covenant House, the organization which for over 40 years has been caring for New York City's homeless and runaway youth. As part of the celebration, 50 formerly homeless youth, many of whom lived on the streets of New York City, will march in the parade.
mini options are not just for the mini positions. Yes, its true minis are options with a 10 share underlying deliverable and a 10 multiplier which allows investors with less than 100 shares of certain securities to execute covered write strategies. minis will do more than that, but first let’s talk about covered writes.
A covered write is an option strategy where an investor sells a call option short. The obligation of a short call is to sell stock at the strike price at any time until expiration. This means that an investor engaging in a covered write must be prepared to sell some or all of...
The Mount Bromo volcano on the island Java of Indonesia. Photo by Jan-Pieter Nap taken on July 11 2004. (Photo credit: Wikipedia)
March has started off with 10 straight days of gains for the DJIA and the S&P has already logged 8 out of 10 on the plus side (with the down days posting minimal losses). Not a bad way to kick off a month. Will the market continue to surge upward? Or will there be a correction...