On Thursday, After an initial lukewarm start, with the main benchmarks on track, U.S. stocks moved higher to wrap up the Easter-shortened week with modest gains.
On Good Friday, Markets were closed. U.S. stocks will likely plummet on Monday, especially with the disappointing March jobs report.
Futures turned sharply negative, with the Dow futures off more than 160 points, after the data release. Shareholders increasingly focus on the monthly jobs report as a key indicator for the timing of a Federal Reserve interest rate hike.
Stocks struggled for consensus in the days ahead of the jobs report on Good Friday. Only the futures market was open on Friday after the economic report came out at 8:30 a.m.
On Thursday, TRI Pointe Homes, Inc. (NYSE:TPH), gained 2.18%, and SM Energy Company, (NYSE:SM), inclined 2.15%, showing a little bit positive change.
On March 10, TRI Pointe Homes, Inc. (TPH), declared the launch of TRI Pointe Connect as its in-house mortgage corporation, making Colorado one of the first three states in the nation to offer mortgage services through the new corporation. Formed as a joint venture between TRI Pointe Homes and imortgage, TRI Pointe Connect opened its doors in Colorado recently, following launches earlier this month in Arizona and Washington. It is anticipated that TRI Pointe Connect will continue to expand and operate in eight states. imortgage is one of the nation’s top five nonbank retail mortgage lenders and a division of loanDepot LLC.
TRI Pointe Homes, Inc. is based in Irvine, California. TRI Pointe Homes, Inc. designs, constructs, and sells single-family homes in the United States. The corporation sells homes through its own sales representatives and independent real estate brokers.
In energy sector, SM Energy Company (NYSE:SM), showed a bit positive change of declared that its Board of Directors has approved a semi-annual cash dividend of $0.05 per share of ordinary stock outstanding. The dividend will be paid on May 6, 2015, to stockholders of record as of the close of business on April 24, 2015. The Corporation presently has about 67.5 million shares of ordinary stock outstanding.
The Corporation has paid cash dividends to its stockholders every year since 1940. The Board of Directors plans to continue making semi-annual dividend payments at the rate of $0.05 per share for the foreseeable future, subject in its sole discretion to future earnings, capital requirements, financial condition, contractual obligations, and other factors.
SM Energy Company, an independent energy corporation, engages in the attainment, exploration, development, and production of crude oil and condensate, natural gas, and natural gas liquids in onshore North America.
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