The jobs number. The nikkei is now up 50 for the year. That is the best since 1972. Our road map begins with momentum from fridays jobs numbers. Markets looking to extend their momentums today after the dow and the s p turn in their first jump since a month ago. American Airlines Begins trading today after they blocked the merger of american and us airways. Mcdonalds samestores sales. If you are attempting to travel for business, were going to get you updated on the fallout from the big Cross Country winter storm as it moves out of the northeast. First up, stocks hoping to continue their upward momentum from fridays jobs. A 198point jump in the dow sent the blue chips up above 16,000. They saw their weekly winning streaks snapped at 8. We came within. 75 of a point on the s p of making it nine straight weeks up in a row. We havent done it since 04. Missed it by that much. Lack of bad news. We saw friday the beginning of what a lot of people are thinking, wait a second. Maybe the transi
New york Stock Exchange, on the dow, stocks shaving off early gains, down 35 points, at the new york Stock Exchange, what are you looking at . Dagen, first thing you noted, this could, in fact, be the fourth straight day of losses for the dow and the s p. Thats the longest losing streak of the year, 2013, dating back to december of last year, so if, in fact, we do finish lower on the dow and s p, it will be the first time we had four Straight Days of losses. Dont forget, coming off the six straight weeks of gains, and the bulls had a nice run hitting the record highs, but, certainly, profit taking has been underway. Weve gotten in plenty of earnings, market moving events, and the dollar is lower today. Dow jones industrials, names like caterpillar, microsoft doing well. Up over 2 , american express, home depot, plenty of winners to speak whats weighing on the dow here are big guys, chevron, at t, ibm, intel, and jpmorgan, in the news with the mortgage backedded securities in the mortga
S p within striking distance of alltime record highs. The nasdaq had its best close since 2000. Gold moved up 12, and oil by 82 cents as it edges closer to 104. A microsoft management shakeup is reportedly in the works. The tech company is expected to detail its largest Re Organization plan in 5 years tomorrow. Exxon mobile tops fortune magazines list as the most Profitable Company in the world with 44 billion. The oil giant is followed by apple with 41. A backtoschool spending splurge shopper trak predicts parents will spend more because the economy is stronger now than a year ago. Its exciting times once again for the stock market. Larry shover of sfg alternatives joins us now. Good morning larry. Good morning. The s p 500 cleared 1650. What will that mean to traders today . A big resistance point. Shortterm, its going to get more people off the fence and into the market, but intermediateterm, a lot of people are on hold because not Many Companies really report their earnings until t
Headwinds out there, whether its gas prices, the payroll taxes, or whether disruptions. Lorwer income americans seem to be the most fragile, on tuesday Charles Holly said taxes are his shoppers number two concern, adding its the first time in a long time taxes were a top concern at all. Itg Investment Research chief economist steve blitz says this retail sales report illustrates two separate consumer groups. With higher income americans spending on autos and Building Supplies while lower income americans continue to be adversely impacted by higher payroll taxes, rising gas prices and delayed tax refund checks, a sentiment echoed by the National Retail federation. For nightly Business Report, im courtney reagan. As courtney just mentioned, consumers are spending on housing and garden supplies. Coming up, well take you behind the scenes of the home depot product walk. Its where Companies Showcase their hottest home items for this spring. Chief executives of some of americas Biggest Compa
Ended in both places with definitive outcomes. On wall street, that outcome was another record high close for the dow, and we begin there tonight. Now, the dows win streak continues. Nine in a row. The blue chip index hasnt done that in 16 years. In fact it hasnt had a down day this month. Today the dow added 5 points, ending at 14,455, its seventh Straight Record closing high. The nasdaq was up nearly 3 points and the s p 500 inched 2 points higher. That leaves it less than 11 points from its alltime closing high. Now, the markets got an early boost from strong retail sales last month, which rose 1. 1 , nearly double what economists had expected. Thats the biggest spending gain in five months. But as Courtney Reagan tells us, those top line numbers can be deceiving. The governments headline retail sales number came in nearly double what economists expected for february. The details reveal a less than rosy picture when it comes to Discretionary Spending. I think the consumer is still i