Phase four stimulus package of some sort or another two of the most beaten down sectors of all, energy and financials are todays best performers how about that well have more on that big move lar later, one pandemic thats surging. Scotts miracle grow we tend to our gardens stocks are staging an epic rebound. Lets get to dom on more of this midday comeback. From tylers kitchen to the main set to where you are, to behind me, we have the dow its green its not as good as it was the s p 500 slipping slightly to negative territory the red over there at the lows down about 458 points at the opening bell at the high, the green you saw in last hour we were up about 260 odd points there. Thats the intraday moves. Meanwhile the laggards, youve got industrials and real estate. If you look at the stocks that are really leading the charge, check out some of these. You can see wells fargo, capital one on the financial side of things as some optimism returns about maybe some Consumer Spending and pion
The past six weeks a closer look at that is on tap, if you dare. Plus, three big ber viinterview hour the company is saving their dividend protecting that we have the mayor of houston as texas gets set to reopen the ceo of Dunkin Brands on how that company is add justing this this age of coronavirus. Kelly, over to you thanks im looking forward to all of that after today well have heard from half of s p 500 companies on their earnings. Lets get to bob with more on that and the markets reaction this far bob. Maybe all of them are equally important. We have roping hopes in my book, thats the most important. Secondly we have expanding test and treatment possibilities out there. We heard that in the last couple of days. We had this massive fiscal the low rates have made stocks are lot more attractive than bonds. The problem what we have is earnings because were not getting any guidance at all. All companies are declining to provide any Forward Guidance that we got here thats bit of a probl
Lets have a look at those markets that seem absolutely impervious to what is going on in the real economy. The dow is up 1. 5 . The s p is up 1. 5 . The nasdaq is up 1. 6 . Gains on companies that had a good quarter, including news corp. , although advertising was down. Bit off ofg a little its stock price. In its comforts own, 66 basis points. Just off of our high on crude oil, just short of 24 a barrel. Lets get into the Market Action with taylor riggs. Theor you mentioned 10year yield. I also wanted to mention the twoyear yield. Overnight, dipping below 12. 5 basis points. Getting a record low. The futures market is also pricing in negative rates, that at some point over the next 12 months. Jay powell said that is not the direction that he wants to go, but the markets seem to think negative rates could be in the future. The twoyear yield at 12 basis points certainly catching our attention. Over the last five days, down seven basis points or so. , what look across asset it means for
U. S. Trading after west texas futures end in negative territory for the first time ever. Ups sees some light at the end of the virus tunnel. The ceo tells us ecommerce is almost thriving compared to traditional sectors. Lets take a look at the oil lets get to sophie kamaruddin, who is taking a look at highlights for us in hong kong. Sophie the relative resiliency of the markets we have seen of late have brought several benchmarks in the region of asia into bull market territory. That will be tested in the face of this oil rout. Futures. Eing mixed nikkei futures in chicago while kiwi stocks are extending mondays drop. Lets switch up the board to check in on signaling perhaps the recent optimism and equities may be unwarranted and this money, gold resuming losses but still closer to its high of the year than it slows that were hit in february and treasury futures are now unchanged after we saw the u. S. 10 year yield with alltime lows on monday and the dollar little changed as well wit
It is up 25 , but still well below 15 a barrel on a supply glut in the u. S. And around the world. And as Congress Passes that 480 billion relief package to keep the Paycheck Protection Program running, td bank has promised some 26,000 Small Business loans. The ceo is going to join us in a few moments and tell us how he did it kelly, over to you all right, tyler, thanks. Todays rebound is led by tech stocks again they were under pressure yesterday. Lets get to bob pisani for more on the rally bob . And like i said, the last hour, threetoone advancingtodeclining stocks, thats a nice move up. But this is really in a sense tech and even mega cap rally the five biggest stocks on the s p 500, huge gains here facebook is up 7 . Google is up 4 . Microsoft, apple, amazon look at these moves up the other bigger five, berkshire, walmart, only one, Procter Gamble were down when you get nine of the top ten moving up, the s p is going to move, even if the other ones dont do much at all this is a me