Equity markets fell on Monday, with the Dow losing over 153 points amid ongoing geopolitical concerns in Ukraine. All major S&P 500 sectors finished in the red with Utilities, Discretionary, and Financials topping declines. Telecom and Materials were the best performers. Gold jumped to a four month high and Crude Oil a five month high.
A smattering of global economic news took a backseat to the turmoil in Ukraine, as stock markets around the world plunged with Russia down roughly 12% and the rouble off 1.5% against the dollar.
U.S. economic news surprised to the upside, with a rise in January Personal Income to 0.3% vs 0.1% consensus and 0.1% in the previous month. February ISM came in at 53.2, well above estimates of 51.5 and January’s reading of 51.3. The positive data had little effect as investors sold stocks across the board.
The dollar did however push higher against its major...
Citi (NYSE: C), the leading global bank, represented by Citi’s Head of Markets for North America and Co-head of Citi Women Suni Harford and members of Citi Women, will visit the New York Stock Exchange and ring The Closing Bell®, kicking off Citi’s celebration of International Women’s Day which takes place on March 8th. International Women’s Day is celebrated globally through a focus on the economic, political and social achievements of women. This week Citi will be hosting over 200 events in 89 countries for clients, communities and employees to mark 2014 International Women’s Day.
From The Trading Floor: Concern over Russia’s interference with the Ukraine has equities sliding this morning as investors flee risky assets
Consumer spending in the U.S. rose 0.4% in January as Incomes rose 0.3% for the same period.
ISM Manufacturing for February increased to 53.2 from 51.3 the previous period
Construction Spending increased slightly in January by 0.1%, better than the expected -0.5%
U.S. Secretary of State John Kerry was due to travel to Kiev today to "reaffirm the United States' strong support for Ukrainian sovereignty" after Russia took control of Crimea and threatened a full-scale invasion of Ukraine.
Chrysler’s sales rose 11% in February
Ford’s February auto sales fell -6.1%
GM’s sales for February fell -1%
China's HSBC manufacturing PMI fell to a seven-month low of 48.5 in February from 49.5 in January, while the official reading slipped to 50.2 from 50.5. In contrast, official non-...
Knowles Corporation, a market leader and global supplier of advanced micro-acoustic, specialty components, and human interface solutions debuted on March 3 as a standalone, publicly-traded company under the ticker symbol “KN.”
The company’s leadership team from Knowles Corporation visited the NYSE to celebrate. The company completed its spin-off from Dover Corporation (NYSE: DOV) February 28, 2014.
To mark the occasion, Knowles Corporation President and CEO Jeffrey Niew will ring The Opening Bell®.
About Knowles Corporation (NYSE: KN)
Founded in 1946, Knowles Corporation (NYSE: KN) is a market leader and global supplier of advanced micro-acoustic, specialty components, and human...