Breakfast Bites: Investors welcomed the news that the labor force added 157,000 additional workers in January after employment accelerated towards the end of last year. January was the best month for the S&P 500 since 1997
U.S. employers added 157,000 jobs in January, the Labor Department reported, falling short of the 166,000 new payrolls. But the labor department said the economy added an average of 181,000 jobs a month all of last year, better than the 153,000 pace originally reported.
Last month's unemployment rate ticked up to 7.9% from 7.8% in December. Economists had predicted it would remain unchanged.
The University of Michigan Confidence rose to 73.8 in January
Construction rose for the month of December to 0.9% from -0.3% the previous month
The Institute for Supply Management’s U.S. Factory Index rose to 53.1 in January from 50.2 a month earlier.
Ahead of the Bell: Dow futures are trading up 56 points and S&P futures are trading up 5 points. Better than expected manufacturing data from China and the euro zone, coupled with expectations of a strong employment report are providing confidence to investors. All eyes will be on the employment report for January as employers are expected to have added 185K jobs in the first month of 2013, compared with 155K for December. The unemployment rate is expected to remain at 7.8%.
Other economic data on the calendar today, include the Reuters/University of Michigan's consumer sentiment index for January which will be out after the market opens, a reading of 71.5 is forecasted versus 71.3 for the month prior.
The dollar is up against the British pound and down against the euro and Japanese yen. Gold is trading at $1,666. Crude oil is currently trading at $97 a...
On 1 February 2013, NYSE Euronext celebrated the listed company Ageas in Brussels as the 52nd winner of the BAFA Award for the Best Financial Information 2012.
Frank Vandenborre, Head Investor Relations & Corporate Performance Management of Ageas rang the Opening Bell in the presence of Bart De Smet, CEO and Christope Boizard, CFO of Ageas. Gilke Eeckhoudt, Koen Devos and representatives of BAFA participated as well in this Bell Ceremony.
Paralympic champion Marlou van Rhijn 'Bladebabe’sounds the gong for the work of the Dirk Kuyt Foundation.
The Dirk Kuyt Foundation promotes participation in sports for people with a physical or mental disability. Marlou is part of the Dutch Parathletics Team and won silver in the 100m and gold in the 200 meters at the Paralympic Games in London.In 2012 Marlou was named Disabled Athlete of the Year, Sportswoman of the Year and she was appointed Knight of the Order of Orange Nassau. Marlou sounds the gong in the presence of the Dirk Kuyt Foundation, the Athletics Union, sponsor Nike, ‘prosthesis king' Frank Jol, Otto Bock, the Application Buildersand Jan Willem van Dop, chairman of the board of the Dirk Kuyt Foundation.
Executives and guests of Covidien (NYSE: COV) will visit the New York Stock Exchange to celebrate the launch of the HOPE (Heart, Obesity, Prevention & Education) Program for former National Football League (NFL) players.
The HOPE Program is a comprehensive obesity research initiative designed to promote healthy lifestyles and weight-management among former professional football players. These former players, when compared to smaller-sized men, are more likely to have cardiovascular problems and other health issues associated with being overweight.
Covidien is dedicated to the wellness and education of patients along the continuum of care, from discovery to treatment, to drive the resolution of medical conditions that accompany obesity. Research indicates that men, who...