Red after bopping when bob iger said he is confident Disney Streaming offerings refer profitable by the end of the year. Target shares jumping but still some areas of concern. Were going to discuss that coming up. But lets start with todays declines in the broader markets. Mike santoli joining us from the new york stock exchange. Mike, a day like this kind of expected after the rally that weve seen . For sure, court. In fact, maybe multiple days like this just because the s p 500 managed about a 25 gain off the october low. We have only had two down weeks in 4. 5 months. All those things suggest theres room for relatively routine backing up of the indexes. What is going on below the surface is a fit full rotation happening. The big winners in the nasdaq 100 in tech have been giving back some of those outsized gains youve been mentioning. You still have a 50 50 updown split on the new york stock exchange. Its not like everything is for sale. The s p 500 is back to levels we first got to
And then we have the fullyear forecast of like industrial names you need in your portfolio. And wall street pessimism jamie dimon and others having sharing their view on saudi arabia. And good morning to you, im alix steel along with my cohost guy johnson. It is good data here in the u. S. Guy good data for the u. S. And not for europe. The pmi data, a real gap beginning to emerge in terms of economic performance. It will be fascinating to see how the ecb addresses that. But you have the story when you look at rtx, ge, and 3m today. All the stocks are doing well. It is fascinating. We talk about what is happening with the end industrial economy of the states and is it counting back . Alix above 50 and they are being rewarded for the beat. It is a story that is exacerbated by the positive data. Guy are we talking about this just because tech has not arrived yet . Alix probably. Guy they will be out later. Are the industrials in position where they can take in peoples portfolios . Will w
United states . Well get the latest. And later, the chart master will be along to break down his list of stocks that are stuck in a bear trap. Hell tell us how investors can break free from these unbearable names. Oh, man. Im melissa lee, coming to you live from studio b at the nasdaq. On the desk tonight tim seymour, guy academy, julie biel and mike khouw. We start with the markets. The benchmark treasury hitting 5. 02 early this morning, a new 16plus year high, but then falling 17 basis points from those levels. It was the third day in a row it closed below that mark. One sector of the market in particular seemed to like the yield move, and that would be megacap tech. Look at the gains in names like meta, amazon, microsoft and alphabet, all of which report earnings this week. Can the momentum keep going or should you be worried about what the results are do to the stocks . A really interesting move in the bond market today. 100 . When you see a 16 basis point move over the course of
And, you know, the students, well see whether they get jobs if they want them on wall street anymore. Shar charles or in law firms, yeah. Liz cant support a terror the u. S. Group. Bad indication there. All right, as we kick off the final hour of trade for the week, extreme urn certainty in the middle east and confusion in congress here at home have investors disinclined to head into the weekend long. Weve got the dow heading back town to session lows, lower by about 191 points. The s p down 37. The nasdaq falling 151 points. This even as a fox news confirms some good news, two american hostages a mother and a daughter taken by Hamas Terrorists two weeks ago not only have been released, but this is just hitting the wires. They have been received at the gazard border and are in safe and secure hands of the israelis and enroute to a military base in israel. Look at crude oil. If you really want to see where the reaction was, it was trading at nearly 90 a barrel. But then you see it slide
Gold with the worst day yesterday down 1. 3 . Copper up 2 . It hit its highest level since april of 2022. We have been waiting for home depot. It hit. 3. 37. Closed at 3. 40. The same store. 3. 2. Overall, same store is down 2. 8. It was 3. 68 a share. Oh, its all on the teleprompter. Ill read it now. You heard this already. Home depot just reporting. 3. 63. Revenue missing. 36. 42 billion. 36. 66. I dont think those are people are expecting down 3 to 5. The same store sales fell 2. 8 . People were expecting 2. 2 . Ted decker saying the company is still seeing, in his words, continued softness and certain larger disregucdiscretionary pr. It is expecting sales growth of 1 . Lets bring in brian nagel for more. Still seeing same store sales. Brian nagel with oppenheimer. Brian, you figure the stock recently has been a little weak after a pretty good rebound after prior weakness. You dont think it is cheap . Good morning, joe. I dont think it is cheap. That is the key reason why i remain o