| Major Averages Hover Above Unchanged Line
(RTTNews) - The major averages continued to hover above the unchanged line in the middle of Monday's trading. The stocks kept off their high for the day, but remained above negative territory. The lackluster performance came as investors reacted to the new speculation that the Fed would not cut interest rates this year. This notion was spawned by the release of higher-than-expected jobs data on Friday, which showed the economy may not be slowing as much as originally thought. By 12 pm ET, the Dow and the S&P 500 were both up roughly 1%. Meanwhile, the Nasdaq was up about 0.5%. On of Monday's biggest gainers was Memory Pharmaceuticals (MEMY | charts | news | PowerRating). The company saw its stock rise on Monday following an announcement from Thursday that it had finalized its enrollment in Phase 2 testing of an Alzheimer's drug.
So you want to be a real estate agent?
Real Estate instructor Tom Campbell talks with Roselyn Gonzalez before the start of orientation at Tri County Real Estate School. (Photo: Richard Burkhart) Students take notes during orientation atTri County Real Estate School. About 20 students attended the class. (Photo: Richard Burkhart) Realtor Sharon Miller talks with a new class during orientation as fellow instructor Tom Campbell looks on at Tri County Real Estate School. (Photo: Richard Burkhart) Realtor Liz Sestili Giddens replaces a "For Sale" sign with an "Under Contract" sign on the Aliotta family's Bacon Park home. (Photo: Richard Burkhart) (Photo:) (Photo:) .
Canadian Stocks Rise on LionOre Takeover, Oil; EnCana Gains
March 26 (Bloomberg) -- Canadian stocks rose for a second day after Xstrata Plc offered $4 billion in cash for LionOre Mining International Ltd., raising speculation there will be more takeovers among metals companies. Energy shares, led by EnCana Corp., gained as crude oil touched a three-month high. The Standard & Poor's/TSX Composite Index rose 65.22, or 0.5 percent, to 13,302.88 in Toronto, leaving the benchmark about 0.8 percent below its Feb. 26 closing record of 13,404.46. Gains were limited after a report showed new-home sales in the U.S. unexpectedly fell in February to the lowest since June 2000, casting a shadow over growth prospects in the largest economy. ``The miners have a lot of cash on their balance sheets and are aggressive and optimistic,'' said Jackee Pratt, who helps manage $712 million at Mavrix Fund Management in Toronto.
Extra Space Storage: your attic away from home
From time to time, many of us discover that we have accumulated more stuff than we can store. Should parting with assorted treasures not be an option, there is a firm in Salt Lake City that has the answer. Extra Space Storage (NYSE:EXR) is a fully integrated, self-administered and self-managed real estate investment trust that owns or operates 641 self-storage properties in 32 states and Washington, D.C. The company's properties consist of more than 430,000 units and 46 million square feet, rented by over 300,000 individual tenants. In addition to on-site management and storage supplies, many of the firm's storage facilities feature monitored video surveillance and alarm-equipped units. Extra Space Storage is the second largest operator of self storage in the United States. The firm pleased investors about a month ago, when it announced Q4 funds from operations of $0.26 per share and revenues of $52.2 million.
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