One, the stock is up about 4. 5 percent right now, thats a gain of about two and a half bucks right now. All right, lets stick with technology. Its that time of year, companies everywhere are gearing up for the annual Consumer Electronics show in sin city, las vegas. The biggest tech party of the year officially going to kick off tomorrow, and guess whos on her way there right now . Liz claman, going to be reporting on the hottest trends this consumer technology. Shes been gearing up for this for quite a while. In the meantime, lets bring in Nicole Petallides on the floor of the New York Stock Exchange taking a look at some tech stocks and which ones are moves today, nicole. Reporter indeed. Lots of fallout from the Consumer Electronics show, but i wanted to tell you about some stocks that are on the move, some with analyst calls that are worth speaking about. Lets start with twitter, right now down about 5 , but this is a 26ipo, Morgan Stanley thinks its worth 33, so theyre really not
If we move higher on the Dow Jones Industrial gains and close around these levels, you will see the 40th record high of this year. That would obviously be a big, big deal. We have seen a long winning streak. So you do see the nasdaq and the s p have pulled back. Records for these recently, however today a mixed bag. 3m, home depot, Johnson Johnson have hit record highs today. Momentum seems to be still to the upside. Commodities are gaining. The dollar pulling back but certainly a lot of names we are watching and home depot with higher volume as well. Lori and this news alert. Waiting for official word of the jpmorgan settlement as Charlie Gasparino first reported, the deal announcing today with 13 billion payout. The deal will settle claims the bank overstated the quality of mortgage security during the housing boom. In talks for weeks and as charlie has reported, lot of the backandforth has to do with the language of the deal. Adam making comments about the future move. When he was q
With a dose of past hour, the fed released the minutes from its december meeting. It reveals that policymakers believe they can tap the brakes before the end of the year. Back in january, it would purchase 8500 worth of securities each and every month. A combination of later dated treasuries and Mortgage Backed securities. What does this mean for your money . Lets look at how the markets are reacting to the news. Stocks are holding heavy. We are now down. Down about ten points for the Dow Jones Industrials. Use all that we are slightly lower for the moment. Maybe ten year yields rising sharply. We have not seen 1. 9 in a long while. A totally different story at the currency market. The euro falling through. Some traders consider that numbers to be a parish technical breakdown and strength of the dollar. In the grand scheme of things, so much stronger than were was a year ago. Gold down right now. Twentyfour dollars. The dollar rallies stronger. Silver pulling back by 0. 55. This on the
Why the government, not the banks, are doing more harm than good. Stocks finally in the green after a tough start to the new year. Lets check in with Nicole Petallides. What is driving the market . Nicole all the major averages down a percent or more from yesterdays close. Gaining back a lot of that, up 11 116point somewhat of a reversal. The other thing talking and reading a note he sends out, sometimes you see the market slow down a little bit, but that is not the case today. A different type of market and the people waiting for little bit of bottom fishing may be disappointed. The nasdaq up and the s p gaining half of 1 . One winner on the dowel all time high, United Health care. It was raised over at Deutsche Bank. That is good news for them, the Top Performing sector, health care overall. There is the look one year at health group 50 in the last year. Lori thank you for that. Good news if you are stuck at the airport, jetblue restoring service in new york and boston after being fo
And half with kraft in the middle there. At this hour, stocks still remain at five year highs. Good afternoon, on this friday, im liz claman. Count down begins now. Its a quiet orderly day. Trading in a narrow range. Investors not willing to place bets ahead the weekend, but right now, on the screen, at least the nasdaq and dow are slightly above the flat line. S p just slightly below it, and the russell 2,000 pulled back by 1. 73, but, look, the russell has been on a tear the last couple weeks hitting record highs at one point. The financials, are you one of those who put your money in the big financial names at the start of the year because they did so well last year . Well, financials are noticeably weak today, perhaps profit taking going on in the slew of earnings. Wells fargo in a second, they kicked off earning season for the financial names. Bank of america, down one and three quarters percent. Citi down nearly 2 . The significant factor though is the third name on the screen. T