Stocks finished the week strong, touching 14,400 for the first time as investors reacted to a positive unemployment report and news from the Federal Reserve that all but one of the 18 biggest banks in the U.S. passed the annual stress test.
According to the Labor Department, the U.S. added 236,000 jobs in February, while unemployment rate fell to 7.7%, the lowest since December 2008. In the private sector, strength was seen in both goods-producing and service-providing sectors.
Wholesale inventories rose 1.2% in January as weak sales drove inventories up in the wholesale sector.
On Friday, March 8 executives from The Union League Club, will visit the New York Stock Exchange (NYSE) to commemorate the Club's 150th anniversary.
To mark the occasion, Club President David Mathus will ring The Closing Bell.
About The Union League Club:
The Union League Club, located in its fourth Clubhouse on East 37th Street in Manhattan, marks its 150th anniversary this year. Established during the Civil War by a group of leading citizens who supported the preservation of the Union and the policies of President Lincoln, the Club and its members have helped to establish numerous civic, cultural, and military institutions. In addition to the many Presidents, Cabinet members, Justices and Governors who were members, notable achievements of the Club and its active members...
The day ended with a Closing Bell with Anabela Chambuca, President of the Mozambique Stock Exchange. Luis Laginha de Sousa, chairman and CEO of NYSE Euronext Lisbon will join this closing bell. The ceremony will permit to strengthen bilateral relations between the two countries, including the exchange of information and experiences between the two capital markets.