Last december. And it wasnt just equities that saw strength. Oil logged a 9 gain during the past five trading sessions. Today the Dow Jones Industrial average rose 33 points to close at 17,084. The nasdaq added 19, and the s p 500 added a point. Not much, but it still counts as a win. And look at the numbers for the week. The dow and s p 500 both with gains of more than 3 . Mary thompson with more now on the big week for stocks. Reporter well, Oil Activists and expectations for Central Banks will keep from raising Interest Rates this year all helped to fuel strong gains on wall street this week. Notes from the Federal Reserves last meeting suggests policy makers remain dovish, concerned about the International Markets and the lack of u. S. Inflation. All of this spurring a move into riskier assets like stocks as well as commodities. Leading the commodities space, oil. It was up almost 9 this week as it traded above but failed to close above that 50 a barrel mark. The rally spurring big
Last december. And it wasnt just equities that saw strength. Oil logged a 9 gain during the past five trading sessions. Today the Dow Jones Industrial average rose 33 points to close at 17,084. The nasdaq added 19, and the s p 500 added a point. Not much, but it still counts as a win. And look at the numbers for the week. The dow and s p 500 both with gains of more than 3 . Mary thompson with more now on the big week for stocks. Reporter well, Oil Activists and expectations for Central Banks will keep from raising Interest Rates this year all helped to fuel strong gains on wall street this week. Notes from the Federal Reserves last meeting suggests policy makers remain dovish, concerned about the International Markets and the lack of u. S. Inflation. All of this spurring a move into riskier assets like stocks as well as commodities. Leading the commodities space, oil. It was up almost 9 this week as it traded above but failed to close above that 50 a barrel mark. The rally spurring big
Lets get you to the top stories. Goldman sachs reported its highest earningspershare in more than five years. All of goldbergs major businesses Beat Estimates. The firm paid a smaller portion of revenue in compensation. Citigroup also Beat Estimates First Quarter net income rose 21 . Citi helped offset trading present it with a 10 drop in expenses. Etsy shares doubled in early trading after pricing at the high end of the range, a ranged a raised 267 million in its ipo. Party city went public, shares opened 20 as private equity owners did not sell any stock in the ipo. Trading is underway from virtu financials. The first highspeed trading firm to go public. It raised 314 Million Dollars in its offering. The ipo was delayed after the publication of Michael Lewis boys. Flashboys. Another sign of strength in the u. S. Labor market. For the sixth straight week, fewer than 300,000 americans filed for firsttime jobless benefits. The table a number of people receiving benefits was the lowest s
Fort Sheridan Advisors LLC grew its stake in shares of Kinder Morgan, Inc. (NYSE:KMI – Free Report) by 6.3% during the fourth quarter, HoldingsChannel.com reports. The fund owned 71,918 shares of the pipeline company’s stock after buying an additional 4,278 shares during the quarter. Fort Sheridan Advisors LLC’s holdings in Kinder Morgan were worth $1,269,000 […]
New England Asset Management Inc. lowered its position in Kinder Morgan, Inc. (NYSE:KMI – Free Report) by 12.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 158,045 shares of the pipeline company’s stock after selling 23,100 shares during the […]