Ahead of the Bell: Dow futures are trading up 35 points and S&P futures are trading up 5 points. US equity futures are edging higher ahead of an eventful trading day, with inflation data, several Federal Reserve speakers and a slew of prominent earnings poised to keep investors busy. Some of today's Q1 corporate reporters include Johnson & Johnson (JNJ), Coca-Cola (KO), Intel (INTC), and Yahoo! (YHOO). Tensions in Ukraine remain on the back burner, with recent media reports indicating the country has started attempts to remove pro-Russian separatists from government buildings.
U.S. stocks rallied on Monday, with the Dow finishing 146 points higher as better results out of banking group and an upside surprise in March retail sales raised sentiment. All major sectors rose on the S&P 500 with Energy and Technology leading the move higher. Telecomm and Healthcare were the notable laggards. Gold and Oil are higher and the dollar rallied after spending several days under pressure.
Retail sales were up 1.1% m/m in March, slightly ahead of consensus expectations for 1% increase, the Commerce Dept. said on Monday. The reading, which was the biggest increase since September 2012, fits with other signs of renewed recovery traction in March under more normalized weather conditions. Of note, recent corporate commentary highlighted similar hopes around weather reprieve which could overshadow weaker Q1 results. The news helped boost the dollar as well as equities.
On Monday, April 14, executives of York, PA-based Glatfelter (NYSE: GLT), a global supplier of specialty papers and fiber-based engineered materials, visited the New York Stock Exchange (NYSE) to celebrate the company’s 150th anniversary of founding.
To mark the occasion, Dante C. Parrini, Chairman and Chief Executive Officer of Glatfelter, joined by members of the company’s management team and Board of Directors, rang The Closing Bell.
Celebrating its 150th anniversary in 2014, Glatfelter is a global supplier of specialty papers and fiber-based engineered...
Belden Inc. (NYSE: BDC), a global leader in signal transmission solutions for mission critical applications, led by President and CEO John Stroup, visited the New York Stock Exchange and rang The Opening Bell®.
St. Louis−based Belden Inc. delivers a comprehensive product portfolio designed to meet the mission-critical network infrastructure needs of industrial, enterprise and broadcast markets. With innovative solutions targeted at reliable and secure transmission of rapidly growing amounts of data, audio and video needed for today's applications, Belden is at the center...
From The Trading Floor: Positive earnings and better than expected retail sales have stocks trading in positive territory in a holiday shortened week
Retail Sales increased in March by the most since September 2012 as Americans bought more cars, clothing and garden supplies. Retail Sales increased 1.1% beating the consensus estimate of 0.9% as the economy recovered from a weather depressed start to the year.
Business Inventories for the month of February came in at 0.4% the same as the previous period but slightly less than the consensus.
Pro-Russian armed separatists in several cities in eastern Ukraine have ignored a deadline from Ukraine's government to disarm, and vacate administrative buildings and other positions they've taken up. Ukraine, which blames Russia for the escalating tension, has...