Duncan Niederauer, the chief executive officer of NYSE Euronext (NYX), stated after he was dropped off today at Wall Street and Broadway in Manhattan at around 6 am New York time, a day later than Hurricane Irene hit the city. His residence is in Somerset County, New Jersey.
US stock markets, counting the New York Stock Exchange, stated yesterday they intend to run a regular trading session today.
The hardest thing of made a start this morning was the two obstacles getting out of our street as there are trees down and a lot of flooding in New Jersey, said Niederauer.
We informed most of our people to remain at home and be with their families, excluding people who are accountable for the floor operations as we thought it was essential to open the exchange and have business as normal, he added.
NYSE Euronext (NYSE:NYX) opened the day at 26.49 then gained +0.47 points or +1.76% and closed the day at 27.15, however its 52 week range was 24.62 - 41.60. It had traded an overall volume of 3.82 million shares less than its average volume of 4.23 million. It showed a positive weekly performance of +1.90 points or +7.52%.
Covering the high-profile stories at NYSE, Donaldson Company, Inc. (NYSE:DCI) will post its fiscal fourth quarter earnings previous to the opening bell. The company is likely to make 79 cents a share in earning on sales of $622.4 million, in accordance with the average guess of analysts surveyed by FactSet Research.
LDK Solar (NYSE:LDK) is also higher in the morning and analysts are expecting it to lose 17 cents per share with sales of $556.3 million for its second quarter.
The markets’ Friday move was optimistic, but after Federal Reserve Chairman Ben Bernanke announced no new program that day to lift stocks, investors sold lots of them. More than 45% of energy stocks went above 2% growth level as oil hovered above $85 a barallel or +0.41%.
After Friday trading session closed the overall energy sector pared its early losses and closed +1.42%. The prominent company conducting its business in the energy sector includes Cleantech Transit, CLNO whose stock price increased 9.09% on Friday and ended near $0.120.
The material sector company Cleantech Transit Inc firmly uses the benefits of technology progresses and production opportunities in the fast expanding clean energy public transportation sector. Cleantech Transit Inc is heading forward with a direct investment method in important green energy projects that are conventional to maximize shareholder profits.
After winning a successful support for the many economic and operational methods of conversion of wood waste (Biomass) into renewable energy sources, company opted to place its significant investments in Phoenix Energy (www.phoenixenergy.net). Company’s management is optimistic that this project will work in strengthening stockholders investment returns as well benefit CLNO’s production clients in the world.
Biomass energy is another type of renewable energy source and it is collected from living or dead organisms like plants, waste and alcohol significantly. Biomass energy is getting widespread recognition nowadays. Biomass energy source is most often sourced from plants either to produce electricity or heat.
On Friday the stock price of energy conglomerate Exxon Mobil Corporation NYSE:XOM increased 1.21% and closed at $72.64. Exxon Mobil had share volume of approx 26.98 million shares and its market capitalization was $353.18 billion.
To cut the story short, total 3,560 stocks are listed on NYSE out of which 2,891 remained in positive zone and 507 remained in negative zone rest experienced no change for the day, however 6 marked their New Highs and 87 set their New Lows.