Markets, the commodities index up 1. 1 . Another rocky day. We got off to a remarkable start, momentum on the lead start lead side in the u. K. Reasons to be agitated and then with this rally. Scarlet it was really confusing by the markets were making of Janet Yellens today. It really caps on what we saw, the moment that hearst each was released to the press we saw the dow moves right at 12 30 but then it recovered some of its games and it picked up a little bit of downside into the close. Nonetheless a stark reversal from what we saw from bank stocks on friday when they got totally pummeled. Part of the reason indexes were holding up to do with oil at its highest level since july of 2015 , helping only oil and natural gas guys, especially transocean and halliburton, at its highest level in a year. These oil services got only wrecked. It of course makes sense that they would rally is oil did. Scarlet looking at currencies, investors on friday sent the japanese currency to its biggest r
Earnings that could change the tone of trading tomorrow. First, netflix which disappointed investors when it said not as many people as expected subscribe to the streaming service in the most recent quarter. Price hikes put off customers and contributed to the sharp slowdown in user growth. On the surface, numbers looked pr scene the. Revenue was inline with expectations and up about 28 from a year ago, it was that subscriber number that sent shares lower initially in after hours trading. Julia bore step has more on netflix results. The big surprise in netflix earnings. Disappointing subscriber additions and projections. The company said the number of new subscribers was on target, the amount of turn or the number of people dropping the service as a result of a price incr kicking in was higher than expected and will continue to impact subscriber numbers in q3. The disappointing numbers are not the result of competition or market saturation, finishing the quarter with over 83 million me
Earnings that could change the tone of trading tomorrow. First, netflix which disappointed investors when it said not as many people as expected subscribe to the streaming service in the most recent quarter. Price hikes put off customers and contributed to the sharp slowdown in user growth. On the surface, numbers looked pr scene the. Revenue was inline with expectations and up about 28 from a year ago, it was that subscriber number that sent shares lower initially in after hours trading. Julia bore step has more on netflix results. The big surprise in netflix earnings. Disappointing subscriber additions and projections. The company said the number of new subscribers was on target, the amount of turn or the number of people dropping the service as a result of a price incr kicking in was higher than expected and will continue to impact subscriber numbers in q3. The disappointing numbers are not the result of competition or market saturation, finishing the quarter with over 83 million me
Inocencio has been tracking commodities and fixed income after Janet Yellens speech. Ramy bank ramy right now the dow and s p 500 are going into negative territory. The dow is the biggest laggard down a quarter of a percent. They all have been hitting session highs about an hour ago after yellen said the case for rate hikes has strengthened. Also talking about that are guidance for the u. S. Economy. I want to show you the sector of health in the s p sectors. I talked about how these were all probably in the green. This has changed in the past 60 minutes or so. He looks like three of the s p sectors are positive, but not by much. About 1 10 of a percent, Telecom Utilities down the most. But stick to health care because there is a lot of movement going on. First off mile and first off my land first off mylan. Mylan did say they would increase the programs after the scandal that hit last friday. The actual retail price does not change. Meantime lets switch over to herbalife. Herbalife is
Because my late friend mark canes called that bottom onair in a rare bit of prognostication, haines, then squawk on the street cohost, said there had been enough selling, too much selling, and that brilliant call stood the test of time. Today the dow climbing, s p advancing 1. 5 , nasdaq gaining 5 , i want to taunt the winner since the bottom 2009 and how so many of them were totally accessible to you and can still be pretty darn good. First you could have made a killing since the generation aloe seven years ago just by being an index fund. Theyve done fabulously since the bottom. Dow rallied 160 . S p the typical fund up 194 . Nasdaq soared 269 over that period of time. Many casual observers of the show think i dislike index funds. Couldnt be further from the truth. In fact, as ive said repeatedly, to the point where i dont even knowfy need to say it anymore but i will, you shouldnt even think about owning individual stocks until youve invest the your first 10,000 in an index fund. Th