US equities rallied to fresh record highs on Wall Street, and the dollar rebounded as speculation mounted over whether the Federal Reserve would soon begin to rein in its asset-buying program. Stocks also got a lift from a survey showing May U.S. consumer sentiment rebounded to the highest level in nearly six years as Americans felt better about their financial and economic prospects, particularly among upper income households. All major sector were positive, with Financials, Materials and Industrials leading the move higher. Treasuries have given back some of yesterday's gains. Gold has extended its recent selloff, though oil has outperformed.
Next week’s earnings schedule will be dominated by retail (HD, LOW, AEO, URBN,RL,GPS, ANF,TGT,LTD,BBY) and technology (HPQ, INTU,CRM, MRVL). A healthy number of analyst meetings and sell-side conferences also round out the corporate calendar. Economic highlights will include another...
On May 19, 2013, Shufro, Rose & Co., LLC will celebrate the firm’s 75th Anniversary of Founding and NYSE Membership. To celebrate this occasion, executives from the firm will visit the NYSE on May 17, 2013 to ring the Closing Bell.
Markets continue to trend higher as investors are finding little reason (or opportunity) to put their money elsewhere. Earnings season has essentially come to a close, and data throughout the week has been largely on the negative side. However the prospect of continuing QE has kept traders on the buy side. Here are three things that have been driving the market this week.
Early in the week investors were surprised by some unexpectedly upbeat retail sales numbers. Overall total retail sales increased 0.1% beating estimates calling for a drop of 0.3%, and much better than the 0.5% drop in March. Lower fuel prices, as well as seasonal influences helped the surge, with auto sales ticking up 1% in April. This marks a 7.7% increase from the year-earlier period and after slumping 0.6% in what analysts at Credit Suisse called a “sluggish March.” Outside of autos, a recent rebound in home buying, and subsequent remodeling, helped...
Today is the 221st anniversary of the signing of the Buttonwood Agreement and the birth of the New York Stock Exchange. We have the actual founding document in the NYSE Archives, but there was no artist on the scene back in 1792 to capture the event as it happened.
This painting is a preliminary sketch for a large mural titled, “The First Stock Exchange,” which depicts the signing of the Buttonwood Agreement on May 17, 1792. On that day 24 stockbrokers met beneath a buttonwood tree on Wall Street and agreed to trade with one another and charge a standard commission rate. The event marks the beginnings of the New York Stock Exchange.
Seattle, WA-based Tableau Software, Inc., a provider of business analytics software, will visit the New York Stock Exchange (NYSE) on Friday, May 17 to celebrate the company's completion of its initial public offering and first day of trading. Tableau Software will begin trading on the NYSE today under the ticker symbol "DATA."
To highlight this company milestone, CEO and Co-founder Christian Chabot, joined by employees and members of Tableau Software's leadership team, will ring the NYSE Opening Bell and visit the NYSE trading floor to observe the stock opening.
Tableau Software helps people see and understand data. Tableau helps anyone quickly analyze, visualize and share information. More than 10,000 organizations get rapid results with Tableau in the office...
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