US equities pressed higher on Wall Street with the Dow and S&P 500 hitting fresh highs during today’s session. Bullish comments from David Tepper, and growing confidence in the U.S. economy helped stocks extend recent gains. All major sectors finished in positive territory with Financials and Energy leading the climb. Information Technology and Utilities relatively Underperformed.
Gold and Crude are lower in choppy trade as the market digested mixed economic data from Europe, including a smaller than expected decline in Eurozone industrial production.
Dow closed up 123.57 pts/+0.82% to 15,215.25; 27 of the 30 Dow stocks closed higher.
S&P closed up 16.57 pts/+1.01% to 1,650.34; all of the 10 S&P 500 sectors closed higher.
On Tuesday, May 14, McGraw Hill Financial, led by Chairman, President and CEO Harold McGraw III and members of the company’s leadership team, will visit the New York Stock Exchange and ring The Closing Bell to highlight the company’s recent name change from The McGraw-Hill Companies to McGraw Hill Financial. Additionally, the company will mark the change of its ticker symbol from MHP to MHFI which will take effect the same day. Employees from around the world will join McGraw Hill Financial management to ring The Closing Bell.
The name McGraw Hill Financial more closely identifies the Company with the credit ratings, benchmarks and analytics it provides to global capital and commodity markets. Standard & Poor's Ratings Services, S&P Capital IQ, S&P Dow Jones Indices, Platts and J.D. Power...
Jean Mizrahi, CEO Ymagis, closes the trading day in Paris.
Ymagis supplies digital services and technologies for the film industry. The group provides projection equipment migration and film digitizing services to producers, distributors of films and supplemental content, promotion companies, and theater operators. Its activity is organized into 2 divisions:
management of virtual print fees: charged to film or content distributors;
supply of services: theater equipment sales and installation, digital projection hardware maintenance and information management, leasing of 3D glasses, production and distribution of projection copies (DCP) and decryption files (KDM), postproduction and technical support services, etc.
On Tuesday, May 14, NYSE Euronext Global Index Group and distinguished guests from Invesco PowerShares will ring The Opening Bell® at the New York Stock Exchange to celebrate the 10th anniversary of the Intellidex Indices, one of the first quantitative indices utilizing 'smart indexing' strategies. NYSE Euronext has owned, calculated and maintained the Intellidex Family of Indices, which serves as a basis for the Dynamic series of Invesco PowerShares exchange traded funds (ETFs), since 2003.
To mark this occasion, Andrew Schlossberg, Head of Retail Distribution and Global ETFs at Invesco PowerShares, will ring the NYSE Opening Bell.
Originally launched with two indices based on approximately 25 factors, the Intellidex Indices were designed to objectively identify those stocks within a...
From The Trading Floor: Equities opened in the green this morning after bullish comments from Hedge Fund Manager David Tepper overcame earlier concerns about the recessionary economy of Europe
Confidence among small businesses in the U.S. climbed to 92.1 in April from 89.5, a 6 month high as the outlook for the economy and sales brightened
U.S. import prices fell in April due to a drop in oil costs, a positive sign for household finances that also pointed to benign inflation pressures. Import prices slipped 0.5 percent last month, the biggest decline since December, the Labor Department said. The Labor Department report also showed export prices fell 0.7 percent last month, the largest decline since June.
Hedge Fund manager David Tepper says on CNBC this morning that he remains bullish on stocks and believes the economy is getting better.
German investor confidence rose less than economists forecast in May...