From The Trading Floor: Stocks are trading in mixed territory this morning in a somewhat lackluster session as weaker than expected jobless claims and housing starts have given investors a reason to pause.
Jobless Claims jumped by 32,000 to 360,000 in the week ending May 11th, the highest level in 6 weeks, raising some concern that a slowdown in economic growth could bring about increased layoffs.
The Consumer Price Index decrease 0.4% in April, the biggest decrease since December 2008 as fuel prices decreased
Housing Starts in the U.S. fell by -16.5% to 853,000 in April, a 5 month low, indicating a pause in the industry’s progress
Building Permits surged to 1017K, almost a 5 year high, a signal that residential construction will continue its recovery.
The monthly Bloomberg consumer economic expectations gauge rose to -1 from -4 in April showing that Americans are looking beyond the current...
Executives and guests of Newport Beach, Calif.-based William Lyon Homes, a leader in the design, construction, marketing and sale of single-family detached and attached homes in California, Arizona, Nevada and Colorado, visited the New York Stock Exchange (NYSE) to celebrate the company’s initial public offering. The Class A Common Stock of William Lyon Homes will begin trading today on the NYSE under the ticker symbol “WLH”.
In honor of the occasion, William Lyon Homes Chief Executive Officer William H. Lyon rang the NYSE Opening Bell, joined by the company's namesake and Chairman of the Board, General William Lyon and members of the company’s management team.
Ahead of the Bell: Dow futures are trading up 6 points and S&P futures are trading up 2 points on better than expected Japanese growth data. GDP for the third largest economy in the world showed the economy grew at an annualizedpace of 3.5% compared with forecasts of 2.8%, a sign the fiscal and monetary policy changes implemented by the new Prime Minister, Shinzo Abe are beginning to impact growth. The government has pumped massive amounts of stimulus into the economy, which has raised consumer and business demand. A spate of downbeat corporate earnings results from the insurance sector, including Zurich Financial is dragging on European stocks, although shares in London were lifted into positive territory by the miners.
On the economic calendar today, April consumer prices will be released before the market opens and a 0.3% decrease is expected, vs. a 0.2% fall the month prior....
Comedians and ambassadors of Make-A-Wish The Netherlands, Rob and Emiel, sound the gong for Make-A-Wish Day together with a few wish children.
These wish children, ill themselves in the past, show how important it is to grant wishes for life-threatening ill children and with that letting them be a child again instead of a patient. Make-A-Wish the Netherlands will grant 12 wishes from life-threatening ill children at the same day, one in every region in the Netherlands. Ambassador Wendy van Dijk, the face of Make-A-Wish the Netherlands, will use a helicopter to fly to every wish in the Netherlands, to visit those special children and to see their happy faces during their wish granting.