The s p 500, up a fraction. The nasdaq composite also higher today. Technology one of the winners on the street. Up 16. 5 points. It was a market that really did not know what to make of the feds latest hints today. Lets check in with bob pisani. Reporter yeah, we were all looking for clarification on when the fed would start tapering program, exactly, and under what conditions would we end it. We didnt get a lot. Let me put up the one sentence that got closest to giving us a little more information. This is from the minutes. About half of the participants indicated that it likely would be appropriate to end asset purchases later this year. Well, thats not much more information, but its a little bit more information. The bottom line, though, maria, is we werent much changed. We did move up. The dow moved up about 50 points when the fed minutes initially came out. But then, very quickly, just moved to the downside again, and essentially ended up down about 20 points or so lets see, down
This market is heading and what regular investors should be focusing on with the legendary jack bogle from vanguard. Another legend, advertising icon Jerry Della Femina joining us. An interesting take on apples announcement on the iphones. Did the company botch it up . Plus he actively campaigned against Eliot Spitzer who narrowly lost the new York City Comptroller pot yesterdspot yes putin on the hits. House Speaker John Boehner calss it, quote, insulting. Nothing compared to what donald trump has to say. Heres here to respond to that. Where we stand as we approach the final hour for the markets. Dow jones industrial average off of the lows. Thats not saying much with a gain of a quarter point. Flat on day. 15,326 as we approach this final hour. Nasdaq, negative once again on top of yesterdays losses due to apple. Index down a fraction again today. 3724. The Standard Poors 500 in the red with a decline on the session of about 2. 75 points. Three days of big gains this week until today
Green broke through today. Bob pisani has what was right with todays action. Globally was pretty about but what was weird is the intraday action. Let me give you highlights of what happened. Chinas import and export data, yes it matters, it was excellent. We saw strength in commodities, merging markets. Countries tied to commodities, thats the big story. We saw money flow into europe. Some data is chpy but it is obvious that money is moving into europe. I will show you banks up today. Yens a problem. When the yen starts to rally, the market moves down. That happened earlier today. When the yen weakens, the market tends to do better. That happened later in the afternoon. That may account for the strange pattern. This weird v shape we have today. Yen strengthening in the early part of the day. Weakening later in the day. Take a look at commodity stocks. Again, chinas story here. Commodity have a terrible time the last few months but great day today. Most major names up 3, 4, 5 , right ac
The market didnt bloing, no surprises about the growth in the economy and where the jobs growth may or may not be. Jobs number throw is on friday. That will be a big up, dont you think . It will be a big one. Thats the only area that hasnt really been performing well, real well. Weve seen modest improvements at best, and thats where the feds focus is ultimately on on easing or noneasing. Expectation is for job growth of about 160,000. Are you on par with that . I dont think youll see much of a surprise outside of there. If its to the upside, surprise maybe 180, 185, dont think anything too significant. How do you think the market responds . I think theres a continuation the way it has been. Going to be just a minor upward momentum in this markets and i think its just going to continue for a couple days here. Very good. Thank you, warren myers, very much. My pleasure. Finishing positive for the dow. Two days in a row, another alltime high, where the markets are at record levels right no
Beacon Roofing Supply (NASDAQ:BECN – Free Report) had its price target boosted by JPMorgan Chase & Co. from $100.00 to $117.00 in a research report sent to investors on Tuesday, Benzinga reports. They currently have an overweight rating on the stock. A number of other analysts have also commented on BECN. Benchmark initiated coverage on […]