Which the markets view as a sieve for corporate earnings. Technology and Energy Shares led the way as investors put their recent nervousness on the back burner. Today the Dow Jones Industrial average advanced 196 point 21,899. Bob pisani has more on todays bounce back. Reporter the bulls were back in charge today. Stocks rebounded after a string of sloppy trading days to close higher with the dow up nearly 200 points. Thats the best day in nearly four months. Tax reform talk set the stage early on after sources at the white house said lawmakers and president Donald Trumps Economics Team were closer to orchestrating tax cuts and are reaching a consensus on how to pay for those cuts. The markets rose because theres some finally meat on a tax cut proposal though some say short term tax cuts are far from full on tax reform. Regardless, risk is back on the table. Banks, biotech, Semiconductor Stocks are all higher on the day and more defensive sections like utilities, real estate, Consumer
This is nightly Business Report with Tyler Mathisen and sue herera. Funded in part by all it takes is a spark. One idea to take flight. The colonel to seek the unknown, to innovate, to disrupt, to move us all forward. To explore a different perspective. At nasdaq we connect the word, its ideas, its capital, its businesses, the people who drive global economy. The future isnt tomorrow. Its right now. All it takes is a spark. Nasdaq. March roars in like a bull. The stocks were super charged follow the president s speech even though it lacked the specifics many investors were looking for. The turning point . Exxonmobil becomes the first major producer to increase spending on new projects after years of suffering low oil prices. Sign on the dotted line. Confidence is up. Unemployment is down. And thats a recipe for continued strong auto sales. Those stories and more on nightly Business Report for wednesday. It is already march the 1st. Good evening. Well, the bulls led the children on wall
Good morning. Im wilfred frost alongside Courtney Reagan in for sarah today. Good friday morning to you. We made it. Its friday. Nice friday song in the background for us. Sarah will join us later this hour with a preview of her exclusive interview with treasury secretary jack lew. She canceled todays holiday for this interview. Well worth it. It shows shes willing to cancel a days holiday for jack but not me. Try not to take it personally. I cant, its impossible not to. All of our viewer also watch that later starting from later this hour at about 5 45 today. Lets check in on markets at this hour. Yesterday was a disappointing day for markets. Down about a quarter to a half percent yesterday. We came off the lows for the day. The week as a whole, the dow down about 1 . Yesterday the banks were the worst performers. As you can see, we expect a bounce this morning, relatively small bounce. The dow called higher by 41 points. The s p 500 by 3 1 2, the nasdaq by 7 points. The tenyear trea
Sue herera is off tonight. Well, door busters for stocks on this black friday, consumer were out shopping for bargains while investors returned from thanksgiving to buy up equities. The dow, the s p 500, the nasdaq and even the small cap russell 2000 all closed at records. Extending the rally seen since election day. Stocks have risen sharply on expectations that the president elect will cut taxes, redu reduce regulations and spend heavily on infrastructure. Today, the dow industrial average rose to 19,152. The index closed at a record every trading day this week. The nasdaq added 18. S p 500 was up eight. And the major indexes saw their Third Straight week of gains. About 1 57b9. 5 . The old cliche is that the markets hate uncertain thety. Trumps election removed some of that, but the markets power fu raply since november th is built on a lot of promises and campaign intentions often improve hard to achieve, so, our stock, pricing in too much anticipation right now. Here to discuss is
Sue herera is off tonight. Well, door busters for stocks on this black friday, consumer were out shopping for bargains while investors returned from thanksgiving to buy up equities. The dow, the s p 500, the nasdaq and even the small cap russell 2000 all closed at records. Extending the rally seen since election day. Stocks have risen sharply on expectations that the president elect will cut taxes, redu reduce regulations and spend heavily on infrastructure. Today, the dow industrial average rose to 19,152. The index closed at a record every trading day this week. The nasdaq added 18. S p 500 was up eight. And the major indexes saw their Third Straight week of gains. About 1 57b9. 5 . The old cliche is that the markets hate uncertain thety. Trumps election removed some of that, but the markets power fu raply since november th is built on a lot of promises and campaign intentions often improve hard to achieve, so, our stock, pricing in too much anticipation right now. Here to discuss is