Intercontinental Exchange (ICE) (NYSE: ICE), the leading global network of exchanges and clearing houses and provider of global data and listing services, today reported financial results for the fourth quarter and full year of 2017. For the quarter ended Dec. 31, 2017, consolidated net income attributable to ICE was $1.2 billion on $1.1 billion of consolidated revenues less transaction-based expenses. This included $764 million of a deferred tax benefit related to U.S. tax reform.
The Dow Jones Industrial Average .DJI fell 665.75 points, below the psychologically important level of 26,000, which it had just broken through for the first time two-and-a-half weeks ago. The Dow's decline of 2.5% was mirrored in other major indices. The S&P 500 fell 2.2%, and the Nasdaq Composite declined 2%.
President Donald Trump declassified a memo produced by the Permanent Select Committee on Intelligence regarding the manner in which FISA warrants were approved in the Russia investigation. The memo was purportedly written by Devin Nunes, chairman of the Committee.
Total nonfarm payroll employment increased by 200,000 in January, and the unemployment rate was unchanged at 4.1%, the U.S. Bureau of Labor Statistics reported today. Employment continued to trend up in construction, food services and drinking places, health care, and manufacturing.