Is down by about 46 . If anything is dragging things down, in the nasdaq, tech. Apple analysts have been lowering projections for the iphone x shipments in the First Quarter of next year. What apple is doing, it is falling today. Another report by another aalysts saying there could be misunderstanding about whether or not some of these reports about demand for the iphone x relate to the iphone 8 or the iphone x, both came out in the same cycle. Heat suppliers feeling the microtechnology down 20 . On the flipside, retail doing very well. Upys, nordstrom, up, kohls most 5 . Of the most since june after a report in the wall street which mastercard stated holiday sales had risen by 4. 9 between november 1 and christmas whicheve, the best day since 2. Analysts saying that strong sales momentum. Under Christmas Trees compared to one year ago. Some of those may be jewelry. The price of gold approaching the highest close since november of 29th. The safe haven more to do with how investors wait
Emma its very, very, very quiet today. Clearly people, traders still enjoying christmas break. Not many of them at their desk today. The theyre going nowhere, and what we saw in the s p, volume opened was at about half of recent averages. Europe is closed, as you alluded to there. The next biggest market trading today is the nikkei, and that saw volume down about 44 f. We look for anything that may be dragging things down, its the tech sector thats down about 1 , and thats probably why were starting to see a few moves. And then lets look at apple, because thats one of the things thats been dragging things down this morning. We saw analysts have been lowering their projections for the iphone 10. They said shipments in the First Quarter next year are going to be much lower than expected. They cited lackluster demand. So what were seeing is a number of main apple suppliers falling today. And analysts see a 22 drop from their prior estimate in terms of demand for the iphone 10. So skyworks
The s p also down. 1 . All oil at session highs, energies leading the gains. The nasdaq is down. 4 . At the lowest level in more than a week. Take a look at some of the currency trades happening. Major markets are still shot, so we are seeing some position adjustments. Not much moves in the dollar, after two weeks of decline. Some growing optimism about the strength of the u. S. Economy after that tax bill. The japanese yen strengthening a little bit but around that sixweek low against the dollar. The boj cap its loose Monetary Policy stance last week. When it comes to treasury yields, 2. 46. The 2 10 spread is now there are for a fourth straight session. That is a look at the market. President donald trump signing the gop tax overhaul bill last week. Congress also signing a budget deal to avoid a shutdown before going on its holiday recess. So what is next on the agenda, what could it mean for the markets . Joining us to discuss from los kumar strategies and founder, komal srikumar. T