Stocks closed near the highs of the trading day led by the financial sector, on optimism that fiscal cliff negotiations are inching closer to a solution, after House Speaker Boehner offered to accept a tax rate increase for wealthy Americans. However, shares were kept in check as President Obama has yet to accept the offer. A report today showed that manufacturing in the Empire State declined for a 5thstraight month. The Dow closed up 100.38 points to 13,235.39.
The financial sector posted the most gains, after Citigroup Inc. raised $1.05 billion collateralized loan obligation to be managed by Guggenheim Partners Investment Management LLC. Bank of America also benefited from the news.
Manufacturing in New York state declined in December for a fifth straight month as new orders shrank and the labor market remained weak. The New York Fed's "Empire State" general business conditions index fell to -8.1 from...
On Monday, December 17, executives and guests of The Manitowoc Company (NYSE: MTW), will visit the New York Stock Exchange (NYSE) to celebrate the company's 110th anniversary.
To mark the occasion, Glen Tellock, Chairman and CEO will ring the NYSE Closing Bell.
About The Manitowoc Company (NYSE: MTW):
Founded in 1902, The Manitowoc Company, Inc. is a multi-industry, capital goods manufacturer with over 115 manufacturing, distribution, and service facilities in 25 countries. The company is recognized globally as one of the premier innovators and providers of crawler cranes, tower cranes, and mobile cranes for the heavy construction industry, which are complemented by a slate of industry-leading product support services. In addition, Manitowoc is one of the world's leading...
A different bell ringing! Children of employees of NYSE Euronext Lisbon, ring the closing bell today with the CEO, Luís Laginha de Sousa. After the bell, Santa Claus distributes gifts for these very special guests.
On Monday, December 17 FedEx team members and guests will visit the New York Stock Exchange (NYSE) to celebrate online holiday retail sales that are driving record volumes at FedEx Ground, FedEx Home Delivery and FedEx SmartPost.
FedEx Ground team members will be on hand to ring the NYSE Opening Bell.
FedEx had its busiest day in company history on Dec. 10, 2012, when it moved a record number of shipments through its networks, a more than 10 percent increase over last year's busiest day. This increase was due in large part to the increasing popularity of online shopping. FedEx Ground realized the most notable seasonal spikes, which includes increased volume from its FedEx SmartPost service offering, a residential shipping service designed for online and catalog retailers, as well as...
Ahead of the Bell: Dow futures are trading up 20 points and S&P futures are trading up 3 points. Investors are optimistic House Speaker, John Boehner and President, Barack Obama, might be inching closer to a deal, as they try to avert the fiscal cliff. According to reports, a proposal by congressional republicans to raise taxes on wealthier Americans might mark a breakthrough in the stalled budget negotiations with the President. A survey of economists expect job growth and GDP to be about the same for 2013 compared with this year.
Our thoughts and prayers are with the families affected by the horrific tragedy in Connecticut.
On the economic calendar today, empire state manufacturing survey for November will be out before the opening bell, a flat reading is expected compared with -5.22 for the month prior. The dollar is down against the major...