Last summer, Karen Busher, an elementary school teacher in Virginia, attended the NYSE Teachers Workshop. Here are Karen’s impressions of the week she spent at the NYSE.
In my 25 plus years as a public school teacher in rural Virginia, I had heard mention of the Stock Market Game (SMG) but it wasn’t until 3 years ago that I spent an afternoon at Virginia Tech to learn how my students could participate. Why I waited for so long, I...
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From The Trading Floor: Investors have shifted their attention from worries over Cyprus to looking ahead to the Federal Reserve's policy meeting announcement later this afternoon. It is expected to keep monetary policy unchanged this month, continuing its low rates policy and its $85 billion a month in asset purchases
Mortgage Applications in the U.S. fell by 7.1% for the week ending March 15th, the 5th week in the last 6 as borrowing costs climbed
The Fed's statement on monetary policy is due out at 2 p.m. EDT, and will be followed by a press conference by Fed Chairman Ben Bernanke. While the Fed is widely expected to leave its policy unchanged, investors will be looking for any clues as to when the asset-purchase program may change.
Model N IPO’d on the NYSE today priced 6.47 million shares last night at $15.55 with an opening trade of $20.30 on a print of 1,604,079 shares
Ahead of the Bell: Dow futures are trading up 71 points and S&P futures are trading up 8 points despite uncertainty in the euro zone as investors are optimistic ahead of the Fed announcement. The Federal Reserve is expected to sustain its $85 billion monthly bond-buying stimulus despite improving U.S. economic data as a new flare-up in the euro zone crisis following Cyprus's troubles. Cypriot leaders held crisis talks on Wednesday to avert financial meltdown after the Cypriot parliament rejected the terms of a European Union bailout, throwing efforts to rescue the latest casualty of the euro zone debt crisis into disarray.
On the economic calendar today, no major reports are due. The Fed is expected to keep the key interest rate at 0.25% at its FOMC meeting announcement at 2 p.m. The announcement will be followed up with Chairman, Ben Bernanke’s press conference at 2:30 p.m.