Markets finished lower after crossing into positive territory for the middle part of the day. Markets were dragged down by reports that Greek depositors recently withdrew 700 million euros from the country’s local banks. This added to concerns over the failure of politicians to form a coalition government.
In U.S. economic news, CPI was flat which was expected; Empire Manufacturing blew away estimates of 9.0 by coming in at 17.09 and Retail Sales were in line at +0.1%. Homebuilder sentiment jumped to 29 in May from 24 in April, according to the National Association of Home Builders/Wells Fargo Housing Market index, beating expectations for 26.
On Tuesday, May 15 executives and guests of Tyson Foods, Inc. (NYSE: TSN) visit the New York Stock Exchange (NYSE) to celebrate the company's 15th anniversary of trading on the NYSE. In honor of the occasion, President and CEO Donnie Smith rings The Closing BellSM.
About Tyson Foods: Tyson Foods, Inc. (NYSE:TSN), founded in 1935 with headquarters in Springdale, Arkansas, is one of the world's largest processors and marketers of chicken, beef and pork, the second-largest food production company in the Fortune 500 and a member of the S&P 500. The company produces a wide variety of protein-based and prepared food products and is the recognized market leader in the retail and foodservice markets it serves. Tyson provides products and services to customers throughout the United States and...
Puck magazine cartoon, "The Infant Hercules and the Standard Oil serpents", May 23, 1906 issue; depicting U.S. President Theodore Roosevelt "grabbing the head of J.P. Morgan and the snake-like body of John D. Rockefeller." (Photo credit: Wikipedia)
More exciting news for NYSE Arca: At the 8th Annual Global ETF Awards held in New York, voters from ETF entities around the world awarded NYSE Arca the title of “Most Proactive ETF Exchange.” NYSE Arca also won for "Largest Exchange" in the categories of Volume, Dollar Turnover, and Listed Products. The NYSE Arca listed 297 new products in 2011, as well as led all US exchanges with approximately 23.1% of total ETP volume and 22.1% of the dollar turnover.
We deeply value the acknowledgment from our peers in the ETF industry as ‘The Most Proactive Exchange’ and are committed to further innovation and improvements. We believe our recent filing of the Lead Market Maker (LMM) Fixed Incentive Pilot Program exemplifies this award, as it seeks to attract market makers to provide liquidity to products that do not currently have an LMM.
Breakfast Bites: Equities are trying to find direction this morning amidst some better than expected economic reports being balanced against news that Greek party leaders failed to create a coalition government
German GDP rebounded in Q1 to rise 0.5% on quarter, more than double forecasts of +0.2%, boosted by exports to emerging markets.
Retail sales rose in April at the slowest pace of the year showing that mild weather and an early Easter may have pulled shoppers into stores the previous month.
Last month’s Consumer Price Index was unchanged in April, restrained by a drop in energy prices and supporting the view of some Fed policy makers that inflation will ease
Empire State Manufacturing expanded more than forecast (+17.09) in May as shipments surged and new orders improved.
The National Association of Home Builders Index of builder confidence rose to 29 in May the highest level...
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