From the Trading Floor: Markets are trading in cautious territory this morning, booking profits, after 7 straight days of gains.
The National Federation of Independent Business said its small-business optimism index for February rose to 90.8 from January's 88.9, topping expectations of 90.0. Meanwhile, the NFIB said its reading on expected business conditions remained deep in recession territory, and business owners reporting declining sales far outnumbered those saying sales increased
U.S Job Openings increased in January by 81,000 to 3.69 million from a revised 3.61 million the prior month
January manufacturing output in the U.K. fell 1.5% on the month, much worse than expectations of 0.1% growth. Manufacturing fell 1.5 percent. Meanwhile, UK home prices fell to -6 in February from -4 the previous month, according to the Royal Institution of Chartered Surveyors.
Ahead of the Bell: Dow futures are trading down 20 points and S&P futures are trading down 2 points following the record setting territory by the DJIA and the S&P 500 indices. The blue chip index set another all-time high, while the broader index closed up for a seventh straight session. Investors are weighing whether this bull market has enough legs to keep the rally going. The NFIB small-business survey reported activity picked up in February, a sign the economy is improving, despite the fiscal contraction, and the impact of the payroll tax implemented earlier this year.
Other reports on the economic calendar today, the Treasury Department will release February surplus or deficit for the federal government, $-205.0B is forecasted versus $2.9B for January.
The dollar is up against the major currencies. Gold is trading at $1,590. Crude oil is currently trading at $91 a barrel.
The gong ceremony marks the National Week of Healthcare and Welfare that takes place from 11 till 16 March.
During the first week of National Healthcare and Welfare more than 1,600 healthcare and welfare organizations across the country open their doors to the public. Local residents, students, school classes, families, job seekers and all other interested parties can have a look in the heart of care and welfare during this week. The Week of Health and Welfare precedes the Open Day of National Healthcare and Welfare that is organized for the 13th time on March 16. Both activities are initiatives of the seventeen regional employers' organizations working in the RegioPlus Foundation. Joke ter Stege, managing director of RegioPlus, sounds the gong to draw attention for the work in care and welfare. "Our industry is one of...
On Mon., March 11, executives and guests of Texas-based USA Compression Partners, LP will visit the New York Stock Exchange to celebrate the company’s initial public offering. USA Compression Partners, LP began trading on the NYSE on January 15, 2013 under the ticker symbol “USAC”.
To mark this occasion, Eric D. Long, P.E., USA Compression President and Chief Executive Officer, joined by members of the company’s executive management team, will ring the NYSE Closing Bell.
About USA Compression Partners, LP (NYSE: USAC)
USA Compression Partners, LP (NYSE: USAC) is a growth-oriented Delaware limited partnership that is one of the nation’s largest independent providers of compression services in terms of total compression unit HP. The company partners with a broad customer base...
Stocks closed higher although investors noted weak economic data from China and concerns about Italy after a credit downgrade from Fitch Ratings on Friday. The dollar was near a 3-1/2-year high vs. the yen on U.S. jobs growth data released on Friday.