friday. in price terms then, that is about 100 point swing that is just weighted down by apple now as a cheaper stock. it is a price weighted index. i can get into the mechanics of this, and different visor and all of that, frankly it bores me. so i don t want to throw that at all. what i can tell you with the new entrants, salesforce.com, honwell, amgen replacing, exxonmobil, pfizer, and raytheon, you have an index that will be a little more widely gapped if you will versus the s&p 500. fascinating article on this in today s wall street journal that digs into this scenario, the s&p is outperforming the dow by about 8 percentage points. that is kind of weird. they re usually dovetailing one another. this new version of the dow which is a little less technologically reliant on some big tech names than it used to be, for the time-being it will mean that gap between the dow and s&p might persist for a while. it all evens out in the wash. it is now a fascinating development wit
Growth incentives as mediocre First Quarter growth number gives a little more credence to the president s call for a major tax cut now. President trump warning a quote, major conflict is possible with north korea. The white house says all options are on the table. America is weighing in. The results of a new fox poll. The president is speaking to the nra this afternoon, the first president to do so since Ronald Reagan in 1983, telling the crowd the eightyear assault on the Second Amendment is over. Nras dana loesch among our guests this hour lauren lets go to the lori rothman at new york stock exchange. We have no audio from lori. In april all three stock market averages up at least 1 . Tech putting in amazing performance. Very strong corporate earnings. David that was helping dilute what we saw from the First Quarter gdp. David that was brilliant adlib, considering her mic went down. Terrific work. First quarter gdp number he released today shows exactly how much this economy needs a
Free in the first place . Is it Political Correctness giving terrorism a free hand in europe . Also the lefts Going Nuclear over president elect Donald Trumps plan to boost Americas Nuclear capability. Reaction to his message on twitter this afternoon. And more familiar faces officially joining the trump administration. Weve got the details on new rolls in the white house. Lauren lets go back to the markets right now. The dow in the red for the second straight session. Walmart, home depot and apple are among the biggest draggers today. In fact, all day, the dow never saw positive territory. Gold losing more luster as well. We have phil flynn with the details from the cme and lori rothman on the floor of the new york stock exchange. Lori, start with you, good to see you. Always great to see you, too. Lauren whats driving the selling today . I would say Interest Rates a big factor. Have a look at mortgage rates, 30year fixedrates hit a 2 1 2year high. The fed raising Interest Rates for t
Plus it is round two astrumps cabinet appointees are taking the hot seat on capitol hill. The hearing for interior secretary is currently underway. In just one hour, Senate Democrat are expected to grill betsy devos, trumps choice for education secretary. Fox business will be bringing that hearing from stem to stern live. Coming upjohn stossel will join on after the bell to sound off on all this. Melissa dow plunging as dollar slides to onemonth low as president elect donald trump described the currency as too strong in an interview with the wall street journal. Phil flynn, Price Futures Group is fox business contributor. Watching action on gold from floor of the cme. Lori rothman on the floor of the new york stock exchange. Lori, start with you. What was driving the trade here. Dollars was a big theme throughout the session. What is wrong with a strong dollar . Multinationals that do a whole lot of business like nike, mcdonalds, makes it more expensive for them to do that business. Si
Still gets uin the green. Im vid asman. Happy friday. This is after the bell. We have you covered for big Market Movers but first here is what else we have for you at this hour. President trump getting down to business in a boeing facility in South Carolina. Creating more jobs and products made in the usa. Meanwhile he says the repeal and replacement of obamacare is moving fast but well be speaking with one House Republican who is still concerned about what is going into the bill and how long its taking. Remember that russian spy ship lurking just off the east coast of the u. S. . Were keeping tabs. Wait until you see where it is now. Cheryl . Cheryl might as welcome over for tea at this point. Lets go back to the markets right now. The dow turning positive in the final seconds of trading, hitting a brand new high. 20,621. 1. 88 to the upside. Lori rothman on the floor of the new york stock exchange. Lori, how about that close for the dow . Looking good. So much for some profittaking t