Ashley thank you very much, charles payne. Great stuff as always. Hi, everyone, im Ashley Webster in for liz claman. The dow is off 179 points and back blow that, i guess, psychological mark of 40,000. It breeched it in the final moments of trading friday but pulling back today. The s p 500 and back below 500 and so far so good and s p 500 will be a squeaker and needs five points for the 24th record finish of the year and tups 5. 87. Could be interesting. Reports from lowes target, tjx and big key events on wednesday, nvidia earning ands, yes, the fed minutes. Vice chair Phillip Jefferson saying cautiously optimistic about inflation fight but its still too early to tell if the slow down of inflation is long lasting. Very noncommittal. Itll take awhile to be confident on inflation. Take a look, 2year yield hit ago oneweek high in the session today. Two year at 4 hadnt 48 and 10 year up slightly at 4. 44 . By the way, the 10 year holding above that 4. 4 ever so slightly for the second da
One of the big ripple effects is utilities. Take a look at this chart behind me were seeing the death cross thats what some technicians call it when the shorter term 50day moving average of a stock or etf falls below longer term trend, the 200day average were seeing it with the excel, the spdr sector utility, xlu this does not portend bad things but something to Pay Attention to its not the only that were keeping an eye on. Were seeing some action play out in some parts of the market. Namely in the real estate stocks the vanguard reit index is sinking down to multiyear lows. As we take a look at whats happening with this, its already in correction territory, off about 10 plus the highs we saw a couple years ago well take a look at another part thats perhaps a brighter spot while all these guys are making these multiyear lows, one thats not is the consumer staple sector. This is actually just a stones throw away from alltime highs would you believe it or not, more than half of the index
Nightly Business Report for thursday, september 26th. Good evening, everyone. Big things sometimes come in small packages. That was the talk on wall street today. Stocks finally broke their fiveday losing streak, but it wasnt the Big Companies that lifted the markets. It was small cap stocks. They have quietly and steadily risen in value, and today the russell 2000 index of Smaller Companies closed at a fresh alltime high. So far, the russell index has surged 27 . Thats a lot more, 10 more, than the gains on the dow average this year. Also giving a boost to the markets today, good news about jobs. Initial jobless claims dipped to a nearly sixyear low. Looking at the closing numbers, the dow added 55 points, the nasdaq rose 26. And the s p 500 index up almost five points. Do they still have room to run . Here to answer that question and more is jay kaplan, Portfolio Manager and principal at the reus funds. Mr. Kaplan, welcome. Why are the Small Companies outpacing the big blue chips by
Nightly Business Report for thursday, september 26th. Good evening, everyone. Big things sometimes come in small packages. That was the talk on wall street today. Stocks finally broke their fiveday losing streak, but it wasnt the Big Companies that lifted the markets. It was small cap stocks. They have quietly and steadily risen in value, and today the russell 2000 index of Smaller Companies closed at a fresh alltime high. So far, the russell index has surged 27 . Thats a lot more, 10 more, than the gains on the dow average this year. Also giving a boost to the markets today, good news about jobs. Initial jobless claims dipped to a nearly sixyear low. Looking at the closing numbers, the dow added 55 points, the nasdaq rose 26. And the s p 500 index up almost five points. Do they still have room to run . Here to answer that question and more is jay kaplan, Portfolio Manager and principal at the reus funds. Mr. Kaplan, welcome. Why are the Small Companies outpacing the big blue chips by
One small insurer is betting on it as it makes a big investment in those new health care exchanges. All that and more tonight on nightly Business Report for thursday, september 26th. Good evening, everyone. Big things sometimes come in small packages. That was the talk on wall street today. Stocks finally broke their fiveday losing streak, but it wasnt the Big Companies that lifted the markets. It was small cap stocks. They have quietly and steadily risen in value, and today the russell 2000 index of Smaller Companies closed at a fresh alltime high. So far, the russell index has surged 27 . Thats a lot more, 10 more, than the gains on the dow average this year. Also giving a boost to the markets today, good news about jobs. Initial jobless claims dipped to a nearly sixyear low. Looking at the closing numbers, the dow added 55 points, the nasdaq rose 26. And the s p 500 index up almost five points. Do they still have room to run . Here to answer that question and more is jay kaplan, Por