Real-time equity news
U.S. stock market report 1047 EST 27Jan2011 January seasonal effect begins after close
The January seasonal bullish period begins after the close on Thursday, said Larry McMillan of McMillan Analysis Corp in a report. 'The broad stock market rallies at the end of January, into early February, nearly every year,' he said. 'In fact, it does that at the end of most months, but the end-of-January seasonal period is the strongest of the year.'
He notes that it seems to occur from the fact that, often, institutions have not put enough of their new inflows of year-end cash to work as the end of January draws near. 'But they feel it must be invested by month-end, so that it shows up on their month-end reports. So they buy at that time,' he added. In the 25 years since 1986, this strategy of buying at the close of the 18th trading day of the year and selling at the close four days later, has been extremely profitable. On average, the S&P 500 index has risen 8.3 points in those four days with an average gain of 1.2 percent. There have been profits in 21 of the 25 years, McMillan said.
Reuters Messaging: doris.frankel.reuters.com@reuters.net
0920 EST 27Jan2011
NASDAQ says to anticipate normal operating hours
NASDAQ OMX and all its exchanges have made the necessary preparations to proceed with a standard trading day on Thursday January 27. It says members should anticipate normal market opening and closing times.
Reuters Messaging: richard.leong.thomsonreuters.com@reuters.net
0910 EST 27Jan2011
New York Stock Exchange invokes Rule 48
The New York Stock Exchange and NYSE Amex Cash Markets will invoke Rule 48 for the stock market open on January 27.
The rule means that mandatory opening indications are not required. Reuters Messaging: ryan.vlastelica.thomsonreuters.com@reuters.net
0758 EST 27Jan2011
NYSE says to anticipate normal operating hours
Despite the snowstorm blanketing the North East on Thursday, the New York Stock Exchange said the NYSE, NYSE Arca, NYSE Amex, and NYSE Amex Options exchanges have made the necessary preparations to proceed with a standard trading day and members and member firms should anticipate normal market opening and closing times.
Reuters Messaging: Charles.mikolajczak.thomsonreuters.com@reuters.net
0745 EST 27Jan2011
Economic diary for Jan.27
Economic events on tap for Thursday include durable goods orders for December, initial jobless claims for the week ended Jan. 22, and pending home sales for December. Reuters Messaging: Charles.mikolajczak.thomsonreuters.com@reuters.net
0731 EST 27Jan2011
Earnings diary for Jan.27
S&P 500 companies scheduled to report earnings on Thursday include Amazon.com Inc, KLA-Tencor, Microsoft and SanDisk Corp. Reuters Messaging: Charles.mikolajczak.thomsonreuters.com@reuters.net Keywords: MARKETS STOCKSNEWS
COPYRIGHT Copyright Thomson Reuters 2011. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
U.S. stock market report 1047 EST 27Jan2011 January seasonal effect begins after close
The January seasonal bullish period begins after the close on Thursday, said Larry McMillan of McMillan Analysis Corp in a report. 'The broad stock market rallies at the end of January, into early February, nearly every year,' he said. 'In fact, it does that at the end of most months, but the end-of-January seasonal period is the strongest of the year.'
He notes that it seems to occur from the fact that, often, institutions have not put enough of their new inflows of year-end cash to work as the end of January draws near. 'But they feel it must be invested by month-end, so that it shows up on their month-end reports. So they buy at that time,' he added. In the 25 years since 1986, this strategy of buying at the close of the 18th trading day of the year and selling at the close four days later, has been extremely profitable. On average, the S&P 500 index has risen 8.3 points in those four days with an average gain of 1.2 percent. There have been profits in 21 of the 25 years, McMillan said.
Reuters Messaging: doris.frankel.reuters.com@reuters.net
0920 EST 27Jan2011
NASDAQ says to anticipate normal operating hours
NASDAQ OMX and all its exchanges have made the necessary preparations to proceed with a standard trading day on Thursday January 27. It says members should anticipate normal market opening and closing times.
Reuters Messaging: richard.leong.thomsonreuters.com@reuters.net
0910 EST 27Jan2011
New York Stock Exchange invokes Rule 48
The New York Stock Exchange and NYSE Amex Cash Markets will invoke Rule 48 for the stock market open on January 27.
The rule means that mandatory opening indications are not required. Reuters Messaging: ryan.vlastelica.thomsonreuters.com@reuters.net
0758 EST 27Jan2011
NYSE says to anticipate normal operating hours
Despite the snowstorm blanketing the North East on Thursday, the New York Stock Exchange said the NYSE, NYSE Arca, NYSE Amex, and NYSE Amex Options exchanges have made the necessary preparations to proceed with a standard trading day and members and member firms should anticipate normal market opening and closing times.
Reuters Messaging: Charles.mikolajczak.thomsonreuters.com@reuters.net
0745 EST 27Jan2011
Economic diary for Jan.27
Economic events on tap for Thursday include durable goods orders for December, initial jobless claims for the week ended Jan. 22, and pending home sales for December. Reuters Messaging: Charles.mikolajczak.thomsonreuters.com@reuters.net
0731 EST 27Jan2011
Earnings diary for Jan.27
S&P 500 companies scheduled to report earnings on Thursday include Amazon.com Inc, KLA-Tencor, Microsoft and SanDisk Corp. Reuters Messaging: Charles.mikolajczak.thomsonreuters.com@reuters.net Keywords: MARKETS STOCKSNEWS
COPYRIGHT Copyright Thomson Reuters 2011. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.