NYSE Closing Bell Celebrates NYSE Euronext’s Choice of Renewable Energy
--Global exchange operator purchases wind energy from Green Mountain Energy Company --
On Thursday, January 17, Green Mountain Energy Company President, James Steffes, will visit the New York Stock Exchange and ring The Closing Bell® alongside executives of NYSE Euronext, to highlight the global exchange operator’s recent purchase of 100 percent wind energy. David Crane, CEO of NRG Energy (NYSE: NRG), Green Mountain’s parent company, will also be present during the NYSE Closing Bell ceremony.
The Exchange purchased over 80 million kilowatt-hours (kWh) of wind energy from Green Mountain Energy to cover the full range of its 2011 electricity usage – from trading floor activities to operational needs – which avoided over 82 million pounds...
Stocks soared, closing at a 5 year high on the S&P 500, as an increase in housing starts and lower jobless claims data stirred belief that the US economic recovery remains on track. Most S&P sectors gained, but banks weakened the financial sector following disappointing earnings from Bank of America and Citigroup. Crude oil closed at a 4 month high amid the hostage crisis in Algeria. The Dow closed up 84.79 to 13,596.02.
Initial jobless claims for the week ended 1/12 decreased by 37,000 to 335K (369K expected), from a revised 372K the week prior.
December housing starts increased 13,000 or 12.1% to 954K annual rate (890K expected) versus last month’s revised 851K.
The Philadelphia Fed Manufacturing Survey for January was reported at (-5.8) for the month below the consensus forecast of +5.0.
Markets have struggled to make any meaningful moves this week as earnings season kicked into full gear. US debt ceiling concerns continue to cast a shadow on market sentiment, and the week’s economic data has not sparked a whole lot of enthusiasm. Can the market continue the move to the upside and test October ’07 highs? Or are we going to see a winter pullback? Here are three topics that influenced the market this week:
English: LED elevator floor indicator (Photo credit: Wikipedia)
Over the last couple of years, the market has seen significantly higher levels of correlation between asset classes. This leads to the widely held notion of the “risk on”, “ risk off” trading mentality where traders either pile into, (or out of) the market as a whole versus making decisions on individual stocks. While...
Executives and guests of NRG Energy,Inc. will visit the New York Stock Exchange (NYSE) to celebrate the recent merger with GenOn Energy, Inc. on December 14, 2012
With the merger completed, NRG is now dual headquartered, with financial and commercial headquarters in Princeton and operational headquarters in Houston. The combined fleet of conventional and renewable power generation facilities produced more than 104 terawatt-hours (TWh) of electricity in 2011 and can supply nearly 40 million homes.
Creating the largest competitive power generator in the United States, NRG now has a diverse fleet of almost 100 generation assets with a total capacity of approximately 47,000 megawatts (MW) concentrated in three domestic regions: East, Gulf Coast and West. The newly combined company has about 47,000 megawatts of generating capacity comprised of...