Increased across the board. The nasdaq doing the best of the three major averages today. You have the groups on the move. Health care consistently has been doing the best, helped in part by pfizer and allergan, which are rebounding. Discretionary stocks preforming relatively well as we await the surge of the Holiday Shopping season. Energy and utilities have consistently been some of the weaker performers of the day. Energy is now on the bottom of the list. Volume,rlet talks about this is an illustration volume by group versus the 20day average. All the bars are lower. All of them are down, illustrating in real terms the drop we see in volumes. Industrials is having the steepest drop, down 45 . Scarlet which sector has seen the least amount of drop . Julie health care, and that is the best performing group. Makes sense. Scarlet even though it is relatively quiet, there are some big movers. Julie they are still trickling out. Deere came out with earnings, and those shares are on the mov
Rising. We are not getting the volume yet. I am looking at the volumes, 4 below the 10day average. A surge at thee close with the expectations of futures contracts. The s p of one half of 1 . The dow is leading in percentage terms, up 6 10 of 1 helped by nike and United Health, the biggest contributors to the game after nike announced a 2for1 stock split and a buyback. Theyre bouncing back after yesterdays decline that it may pull back from its Affordable Care act coverage exposure. It was ae analyst say buying opportunity. Susquehanna says they do not think this will be a material event for united house. The dow is turning positive for the year to date. Not by very much, just of a 100ths of ajust 8 percent. We have positive numbers from retailers. It seems like it is give and take. Somethingre might be said for people coming in because they are so battered. The outside gains may be because they have been down so much. Abercrombie is showing evidence that its turnaround is finally star
I dont now. If anyone in my family or anybody you know where shopping this year it sure sounds like it were at nike. They killed it yesterday. Lets start with the first word. Vonnie thank you so much, human Rights Groups russia could be guilty of more crimes in syria. They are dropping unguided weapons on densely populated areas. The group says hundreds of civilians have been killed. Government troops are fighting Islamic State forces. He was spokesperson says and a rocky victory is inevitable but once the greg or easy. American drivers up at 1. 6 billion back into their wallets during the holidays this year and it is all thanks to cheap gas. Prices are under two dollars a gallon. Bloomberg newss power 24 hours a day in more than 150 markets around the world. Firste a look at off futures. Up across the board. Back again back to sticking off the week. Could this be day three . 0. 2 . Ht now dow jones up about a third of one percent. Upe a look right now at wti, for a third day. Big gain
Session highs for the markets. Three days for three. The s p 500 is at that 1 mark, trading at 2059. 1 . Dow is up by 8 10 of all of this coming off betterthanexpected data. Dive into my bloomberg terminal. I want to show you the seasonality heat map. This is your favorite function. Take a look at this christmas tree, red and green. I want you to focus on a couple red blocks here. This is for the month of december 2015. Right now we are on track for a negative of 1 . Getting closer to actually turning into the green for december, and the last time we had a loss on the order of 6 was back in 2002. We will be watching that as the day goes on and as the week goes on through the end of the year. In addition to that, i want you to take a look at the s p year to date. I want you to see look at this number, we are not in the red anymore. Now, positive for the year to date. Look at the volatility we have been going through. The s p 500 has actually flipflopped between positive and negative ter
Thanks very much. We have a puzzle here. I have the rapid update of gdp in the Fourth Quarter but the data which leads to a downgrade also makes economists optimistic. Here is the data. Q4 tracking 2 . That is down 0. 3 because of the data this morning. Q3 gdp 2. 1 . Thats tracking right now. Here is the Fourth Quarter outlook. Bank of tokyo mitsubishi at the high end at 2. 8 . Goldman sachs, barclays at 2 . Atlanta fed gdp, 1. 8 . Morgan stanley at 0. 9 . Here is the data that brought down the growth forecast despite the down grades though some see reasons for optimism for the Holiday Shopping season. Jobless claims ticking down 12,000 to 260,000. Thats back in that low range weve had before making people optimistic about consumers have jobs for the Holiday Season. Durable goods up better than expected, 3 , and here is the big numbers here. Personal income up 0. 4 but spending doesnt keep pace. Up just 0. 1 which can only mean one thing. The savings rate ticks up. 5. 6 . So whats the