2012 was a year focused on getting Veterans back to work, with much energy devoted to that initiative at the Exchange. Although American business helped drive down the overall veteran unemployment rate to single digits in September, it still hovers around 9 percent. The crisis is more serious, however, for ex-military women, who saw a rise in unemployment to 19.9 percent in September, as compared to 14.7 percent in the previous year and 12.1 percent in August. In light of that, the integration of veteran talent into the human capital strategy has taken center stage at The New York Stock Exchange with our CEO, Duncan Niederauer, Board Member of The Congressional Medal of Honor Foundation, committed to doing all he can to lead from the front in the campaign for hiring U.S. Military Veterans, some of the highest...
Stocks snapped a five day losing streak and closed near their highs, after President Obama reported that a deal to avert the fiscal cliff is “within sight” and Senator, Mitch McConnell stated that the agreement on all tax issues has been reached. While the two sides have made progress on revenue, the debate over spending cuts is scheduled to continue. The VIX Index plunged on the news today and gold closed higher for the 12th straight year. The Dow closed up 166.03 points to 13,104.14.
After the market closed, CNBC and Bloomberg reported that the Senate will not vote on the fiscal cliff tonight. So, this means there will not be a resolution to the budget negotiations tonight.
On Monday, December 31, NYSE Euronext employees will ring The Opening Bell to celebrate amazing stories of healthy successes from all over the world along with some team members of the Empowering Wellness Committee.
Breakfast Bites: Stocks are trading in mixed territory this morning as lawmakers in the 112th Congress scramble to avoid the $600 billion in automatic tax hikes and spending cuts that kick in at the start of January
The Senate is scheduled to reconvene at 11:00 am. Look for the market to gyrate throughout the day on sound bites coming out of Washington DC
It is the end of the quarter and the year so look for heavy volume at the close
Manufacturing activity in the Dallas region is due out at 10:30 am
The HSBC manufacturing purchasing managers' index for December came in at a 19-month high of 51.5 from 50.5 in November. Many regional markets, such as Japan's, were closed for a holiday
Duff & Phelps has agreed to be acquired for $665M by a private-equity consortium that includes Carlyle , with the $15.55-a-share offer representing a 19.2% premium to Duff & Phelps...
Ahead of the Bell: Dow futures are trading up 10 points and S&P futures are trading up 2 points. Hours before the deadline on the fiscal cliff on the last day of 2012, Congress and the White House still have not struck a deal. The main sticking point between the two political parties remain the level at which to tax Americans. Democrats have proposed taxing households that make over 250K, while Republicans prefer to extend tax rates for everyone. Economists believe, regardless if there is a deal or not, the political impasse in Washington on the budget negotiations this year will have a significant drag on the economy in 2013.
On the economic calendar today, Dallas Federal Reserve survey for December will be out after the opening bell, a reading of 1 is expected compared with -2.8 for November. The dollar is up against the euro and down against the British pound...