The trading session. Abigail doolittle is here. It looks like theyre trying for a lastminute santa claus rally. Absolutely. We dont have alltime highs. Record closing highs. Lets see if the dow can hang on. Just talking about the tax reform bill. Read tacit for mania. Reaching its target for the s p 500 to 3000. A lot of anticipation about what tax reform might do for stocks and the economy. We have some movers based on tax reform and the tax reform bill. At delta, we have gains saying they expect all u. S. Airlines to benefit from aspects of tax reform. Delta is one of Deutsche Banks top Airline Picks for 2018. And wells fargo trading higher as they are saying they will use lower Corporate Tax rates and a bit of a hike for wages. We have seen a big selloff for bonds. It is a longerterm chart over the 10 year chip yield. Just recently on tax reform as yields have shot hire and bonds have sold off, the 10 year yield is climbing out of this range highs of therd the election, suggesting w
Is the nonmanufacturing or services portion of the economy that is by far the biggest. Economicore strong data adding to the jobs reports. That was not good news for stocks. We saw on increased in bond yields. The first one i want you to look at here is the 10 year yield, which remains unchanged after the latest numbers came out. Holding at the highest since january of 2014 and up one basis point this morning. Seeing little change holding atd market, but the selloff is indeed continuing. The downward momentum continued around the globe in the early night session and then selling continued into the u. S. Session as well. We have got groups on the move. Financials the worst performers and energy, which as a group fell 4 on friday, down 1 today as we have got negative earnings continuing. The selloff is not quite as broad as it was friday but nonetheless, pretty broad with real estate in the green. You talk about banks today, you have got to talk but wells fargo on the news and late frida