Stocks rallied and ended higher topping a 2007 record, following positive economic news from the ISM non-manufacturing index. Investors were also reacting to the fact that China pledged more government spending to boost economic growth.
On the economic front, sales were weaker at the nation's retailers according to ICSC-Goldman's same-store index which, came in at 1.8%. The report named bad weather and the consumer's cautious mood as the culprits.
Retail sales dropped last week but still were stronger in February than they were in January, based on Redbook whose same-store sales index shows a month-to-month 1.3% gain.
The bulk of the nation's economy is growing strongly and looks to continue to grow strongly. The ISM's non-manufacturing index rose nearly one point to a higher-than-expected level of 56.0.
On Tuesday, March 5, Axiall Corp. will visit the New York Stock Exchange trading floor and ring The Opening Bell to celebrate the company’s recent name change. On January 28, 2013, Georgia Gulf Corp. officially became Axiall Corp. with the completion of its $2 billion acquisition of PPG Industries Inc.’s chlor-alkali and derivatives business. The following day, the common stock of Axiall Corporation began trading under the ticker symbol “AXLL”.
To mark the occasion, Axiall President and CEO Paul Carrico will ring The Closing Bell.
About Axiall Corp. (NYSE: AXLL)
Axiall Corporation is a leading integrated chemicals and building products company. It is an international manufacturer of chlor-alkali and derivatives, chlorovinyls and aromatics products including chlorine,...
English: Third meeting of the Financial Stability Oversight Council on January 18, 2011, in the Cash Room of the Treasury Building in Washington, D.C. (Photo credit: Wikipedia)
This March marks the five-year anniversary of the collapse of investment bank Bear Stearns, an event that some market observers viewed as symbolically representing the onset of the global financial crisis.
Executives and guests of ALPS will visit the New York Stock Exchange (NYSE) on March 5th, 2013 to celebrate the recent launch of the ALPS Sector Dividend Dogs ETF under the ticker symbol "SDOG." .
To mark the occasion, ALPS Portfolio Manager, Michael Akins to Ring the Opening Bell.
The ALPS Sector Dividend Dogs ETF provides a high-yield large-cap equity income ETF to their suite of portfolio solutions. ALPS believes SDOG offers investors a product with attractive differentiating factors from other large-cap dividend ETFs including higher yield and sector diversification. The new exchanged-traded fund tracks the S-Network Sector Dividend Dogs Index (SDOGX) a portfolio of 50 stocks derived from the S&P 500.