Executives, Board members and guests from the Market Technicians Association, Inc. will visit the New York Stock Exchange (NYSE) to celebrate the organization’s 40th anniversary.
To mark the occasion, President of the Board of Directors David Keller, CMT will ring the NYSE Opening Bell.
About the Market Technicians Association, Inc.
The Market Technicians Association is a not-for-profit professional organization servicing over 4,500 market analysis professionals in over 85 countries around the globe. The MTA’s main objectives involve the education of the public, the investment community and its membership in the theory, practice and application of technical analysis. The MTA is responsible for the creation, oversight, administration and regulation of the Chartered Market Technician (CMT) designation. The CMT is the only technical analysis designation recognized by the Financial Industry Regulatory Authority (FINRA) for an exemption...
Ahead of the Bell: Dow futures are trading down 25 points and S&P futures are trading down 4 points. After starting 2013 with the best rally in more than a year, investors are moving in to book profits, as they brace for the next budget battle on the debt ceiling vote. China reported its service sector expanded in December at its fastest pace in four months, the world's second largest economy continues to lead the Asian block recovery.
On the economic calendar today, ADP employment report for December will be out prior to the opening bell, a reading of 150K is expected versus 118K for the month prior. The Labor Department will also release weekly jobless claims before the market opens, 363K is forecasted, compared with 350K for the previous week.
The dollar is up against the major currencies. Gold is trading at $1,679. Crude...
Weight Watchers opens trading at NYSE Euronext Amsterdam to start the new year.
Every ‘New Year’ is an important moment for Weight Watchers, as millions of people annually decide to attempt to slim. Weight Watchers: “Increasing numbers of companies are also realising that equipping the average employee means more than just a laptop, an office chair and a phone. In 2012 we saw the numbers almost double of companies wanting to arm their employees against the continuing threat of becoming overweight arising from an unhealthy lifestyle. It’s becoming normal for employers to encourage or even prescribe a healthy lifestyle for their employees.” Managing Director Weight Watchers Benelux Jeanine Lemmens sounds the gong.
Stocks soared, closing near the high of the trading day as investors poured cash into stocks following news that the US will not be going over the fiscal cliff. Although Washington managed to avert going over the fiscal cliff, Business leaders complained that Congress still needs to address the rise in the nation’s $16 trillion debt. Volume was above average with the Dow Industrials and S&P 500 both advancing more than 2%. The Dow closed up 308.41 points to 13,412.55.
December ISM Manufacturing came in at 50.7 versus 50.3 economists estimates and prices paid index came in at 55.5 versus an expected 50.8. Meanwhile, November construction spending decreased by 0.3% month-over-month, against the expected increase of 0.5%.
Enjoy your Wednesday night!
• Dow closed up 308.41 pts/+2.35% to 13,412.55; 30 of the 30 Dow stocks closed higher
• S&P closed up 36.23 pts/+2.54% to 1,462.42; 10 of the 10 S&P 500 sectors...