Ahead of the Bell: Dow futures are trading down 8 points and S&P futures are trading down 2 points. Optimism over delayed interest rate hike by the Federal Reserve and Europe's economic recovery are likely to push financial markets higher today. The minutes from the Fed's March meeting suggest policymakers would be more cautious about raising interest rates than some had expected. Investors are speculating that the first Fed rate increase is anticipated to be around July 2015. Investors sentiment was also boosted by Greece's return to the bond markets, signaling Europe's economic recovery is gathering pace. However, gloomy Chinese export data has created a drag on global markets.
Investors pressed their bullish bets on Wednesday, with the Dow gaining 181 points after minutes from the Federal Reserve’s most recent meeting revealed policy makers dropped a jobless-rate target for raising interest rates during a secret meeting in early March. Most S&P 500 sectors finished higher, with Healthcare and Materials topping gains. Telecomm and Utilities declined. Gold and Oil edged higher amid another sharp drop in the dollar.
The release of March FOMC minutes indicated members saw highly accommodative policy as needed for the next few years. The news provided some additional support for stocks, pressing the Dow about 75 points after the release. Treasuries reversed course, with most of the curve recovering earlier losses.
The dollar rebounded in early trade after one of its worst performances against the yen on Tuesday, however, the picture changed dramatically after the FOMC announcement, prompting a sharp drop...
Executives and guests of Scottsdale, Ariz.-based Taylor Morrison, visited the New York Stock Exchange (NYSE).
To mark the occasion, Sheryl Palmer, President and CEO of Taylor Morrison, joined by members of the company’s management team, rang the Closing Bell.
About Taylor Morrison (NYSE: TMHC)
Headquartered in Scottsdale, Arizona, the Company operates in the U.S. under the Taylor Morrison and Darling Homes brands and in Canada under the Monarch brand. Taylor Morrison is a land developer and builder of single-family detached and attached homes serving a wide array of customers from...
Irving, Texas-based La Quinta Holdings Inc., a leading owner, operator and franchisor of select-service hotels primarily serving the midscale and upper-midscale segments under the La Quinta brand, will visit the New York Stock Exchange (NYSE) on Wednesday, April 9 to celebrate the company’s completion of its initial public offering and first day of trading. La Quinta Holdings will begin trading on the NYSE today under the ticker symbol “LQ.”
To highlight this company milestone, President and CEO and President Wayne B. Goldberg, joined by members of La Quinta Holdings’ leadership team, will ring the NYSE Opening Bell and...
From The Trading Floor: Equities are trading higher this morning after the S&P snapped a 3 day decline and as Alcoa’s profit and forward looking outlook exceeded expectations
Mortgage Applications for the week ending April 4th declined -1.6%
Wholesale Inventories came in at 0.5%, matching estimates.
The eight largest U.S. banks will have to hold another $68B in loss-absorbing capital after U.S. regulators voted to raise the "leverage ratio" to 5-6% of their total assets, well above the Basel III standard of 3%.
Profits that major U.S. corporations have parked overseas in order to avoid taxes at home jumped 93% to $2.1T in 2008-2013