Ahead of the Bell: Dow futures are trading up 20 points and S&P futures are trading up 2 points after the Dow Jones Industrial Average closed above the 14K mark for a second time this year, teetering with an all-time high. The lingering effects of the euro zone debt crisis and mixed economic data might limit gains today. Retail sales figures, which will be out before the opening bell are expected to show how much the payroll-tax increase has hit consumer spending. President, Barack Obama, provided little guidance as to whether the White House and Congress will come to a deal to head off the $85 billion of spending cuts that are set to go into effect as of March.
Other reports on the economic calendar today, include import and export prices for January, which will also be out prior to the opening bell, 0.3% is expected compared with -0.1% for December.
The winners of the Nyenrode Career Challenge 2013 sound the gong.
Organized by Nyenrode Business Universiteit in collaboration with Capgemini and The International Correspondent, the Nyenrode Career Challenge 2013 is aimed at professionals and has the theme ‘Your Vision, Our Ambition’. The ambitious professionals participating in the Nyenrode Career Challenge 2013 worked on assignments with the theme of a vision of future entrepreneurship. The Challenge consists of various ‘knock-out rounds’ such as a Linkedin screening, writing an essay, a motivation and an abstract, an interview, and lastly an elevator pitch to a professional jury. The growing need for a sustainable society demands creative solutions for societal issues and business-related problems. Therefore, Nyenrode challenges everyone to share his or her vision for the future. The...
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...