NCAA Women’s and Men’s NCAA Championship coaches, Geno Auriemma and Kevin Ollie, will visit the New York Stock Exchange (NYSE) and ring The Closing Bell.
With his record ninth NCAA title, UConn Huskies Women’s Coach Geno Auriemma claimed victory on Tuesday, April 8 with a 79-58 win over Notre Dame. On Monday, April 7, UConn Huskies Men's coach Kevin Ollie earned his first championship in his second year as the Husky head coach when the team clinched the NCAA title beating Kentucky 60-54.
Since 1999, the Huskies men and women have made a combined 17 appearances at the Final Four. The UCONN women’s team once again shares a...
Stocks tumbled on Thursday, erasing all gains from the previous two sessions as lackluster corporate news flow cast a shadow over optimistic data from the labor department. Investors continued to unload technology and biotech names, which were some of the best performers of 2013. All S&P 500 sectors were lower, with Healthcare, Technology, and Discretionary topping declines. Telecom and Utilities relatively outperformed. Gold rose and touched a 2-1/2-week high amid a drop in the dollar.
In U.S. economic news, initial claims for state unemployment benefits dropped 32K to a seasonally adjusted 300K for the week ended April 5, the Labor Department said on Thursday. The reading, which was the lowest level since May 2007, helped strengthening views of faster U.S. job growth.
Separate reports from the Labor Department showed import prices increased 0.6% last month after rising 0.9%...
Detroit-based Ally Financial Inc. (Ally), a leading automotive financial services company powered by a top direct banking franchise, will visit the New York Stock Exchange (NYSE) on Thursday, April 10 to celebrate the company’s completion of its initial public offering and first day of trading. Ally will commence trading on the NYSE today under the ticker symbol “ALLY.”
To highlight this company milestone, CEO Michael A. Carpenter, joined by members of Ally’s leadership team, will ring the NYSE Opening Bell and visit the NYSE trading floor to observe the stock opening.
From The Trading Floor: Stocks are trading in cautious territory this morning after 2 consecutive days of gains after the Labor Department reported jobless claims dropped to the lowest level in nearly seven years
Jobless Claims in the U.S. decreased by -32,000 to 300,000 in the week ending April 5th the lowest since May 2007, pointing to more progress in the labor market.
Import Price Index for the month of March rose to 0.6%
The Bloomberg Consumer Comfort Index fell to -31.9 in the period ending April 6th, a 2 month low as rising fuel prices caused consumer’s view to sour.
Ally Financial priced 95 million shares at $25. It opened at $24.25 on a print of 4,392,706 shares.
Greece is reportedly raising €3B ($4.15B) in five-year bonds in the country's first auction of long-term paper since it was initially bailed out in 2010. The country remains mired in deflation. CPI fell 1.3% on year in...
Ahead of the Bell: Dow futures are trading down 8 points and S&P futures are trading down 2 points. Optimism over delayed interest rate hike by the Federal Reserve and Europe's economic recovery are likely to push financial markets higher today. The minutes from the Fed's March meeting suggest policymakers would be more cautious about raising interest rates than some had expected. Investors are speculating that the first Fed rate increase is anticipated to be around July 2015. Investors sentiment was also boosted by Greece's return to the bond markets, signaling Europe's economic recovery is gathering pace. However, gloomy Chinese export data has created a drag on global markets.