Markets continue to trend higher as investors are finding little reason (or opportunity) to put their money elsewhere. Earnings season has essentially come to a close, and data throughout the week has been largely on the negative side. However the prospect of continuing QE has kept traders on the buy side. Here are three things that have been driving the market this week.
Early in the week investors were surprised by some unexpectedly upbeat retail sales numbers. Overall total retail sales increased 0.1% beating estimates calling for a drop of 0.3%, and much better than the 0.5% drop in March. Lower fuel prices, as well as seasonal influences helped the surge, with auto sales ticking up 1% in April. This marks a 7.7% increase from the year-earlier period and after slumping 0.6% in what analysts at Credit Suisse called a “sluggish March.” Outside of autos, a recent rebound in home buying, and subsequent remodeling, helped...
Today is the 221st anniversary of the signing of the Buttonwood Agreement and the birth of the New York Stock Exchange. We have the actual founding document in the NYSE Archives, but there was no artist on the scene back in 1792 to capture the event as it happened.
This painting is a preliminary sketch for a large mural titled, “The First Stock Exchange,” which depicts the signing of the Buttonwood Agreement on May 17, 1792. On that day 24 stockbrokers met beneath a buttonwood tree on Wall Street and agreed to trade with one another and charge a standard commission rate. The event marks the beginnings of the New York Stock Exchange.
Seattle, WA-based Tableau Software, Inc., a provider of business analytics software, will visit the New York Stock Exchange (NYSE) on Friday, May 17 to celebrate the company's completion of its initial public offering and first day of trading. Tableau Software will begin trading on the NYSE today under the ticker symbol "DATA."
To highlight this company milestone, CEO and Co-founder Christian Chabot, joined by employees and members of Tableau Software's leadership team, will ring the NYSE Opening Bell and visit the NYSE trading floor to observe the stock opening.
Tableau Software helps people see and understand data. Tableau helps anyone quickly analyze, visualize and share information. More than 10,000 organizations get rapid results with Tableau in the office...
Participants of the EPA ( Entreprendre Pour Apprendre) program close the European trading day in Paris.
The students were invited by NYSE Euronext for an intensive training session in order to prepare the Regional Championship taking place in May 2013 followed by ringing the closing bell . This falls under the initiative of the Corporate Responsibility Group at NYSE Euronext.
From The Trading Floor: Boosted by better than expected consumer sentiment and Leading Indicator numbers, equities are trading in positive territory this morning, looking to reach a 4th straight week of positive gains
University of Michigan Confidence came in at well above the estimate of 77.9 at 83.7
The index of U.S. leading indicators climbed by 0.6% in April, suggesting the world’s largest economy could be set for further expansion
A worldwide poll of investors, analysts, and traders conducted by Bloomberg shows more than two thirds believe the U.S. economic recovery is "sustainable," while only a little over a quarter of those surveyed see a return to recession within the next two years.
Goldman Sachs downgraded the European consumer staples sector, citing relative valuation. Meanwhile, Credit Suisse upgraded European cyclical stocks, saying the sector was pricing in sharper decline in economic...