Record close since february 12th. Right now, its above that at the moment. So we look to the s p 500. That should set its first record since september 2nd. Its 23rd record of the year. We have that moving higher right now pretty significantly. The nasdaq just a bit off the mark at the moment. From the Pfizer Vaccine developed in conjunction with German Company biontech and the stock basking in the halo effect from the blockbuster announcement to the mask makers and Rapid Testing stocks on the move. Weve got team fox business at the ready. Market mavens bill snead, jon core pe corpino and Tracy Maitland and Hillary Vaughn live in delaware, with the president elects plans Just Announced and how it might affect your money. The two matadors in charge of todays record bull rally, pfizer and its german partner biontech. Both stocks hitting 52weeks highs on the news that their covid19 vaccine candidate is more than as we said, 90 effective. Pfizer jumping 8. 33 at the moment. Biontech up 15 .
Will see the 2020 democratic ticket on stage, together for the very first time. What well do then is take you live to wilmington delaware where former Vice President joe biden will kickoff his campaign with his new president ial runningmate, as Vice President , california senator Kamala Harris each step of the way, what were going to do for you in this final hour is watch the markets, sectors, stocks, commodities for tick by tick reaction. Check it here markets in rally mode for the most instant reaction right now while its tempting to focus on the really huge jump for the nasdac look at this were up 235. Folks the index to watch is the s p. It is now within lets call it just under two points from its first record close since february, the number to watch, 3,386 were at 3,384 and change right now. All right, for months wall street has been gaming just who joe biden might pick as a runningmate and kind of fretting over you who the markets would react. Lets get to one of the top voices o
Original projection of 100,000, 200,000 deaths it looks like our mitigation efforts like social distancing might be working the turn around in less than a week is sudden, especially when the death toll keeps surge being, said were making progress against the pandemic. S p gained 3. 4 . Nasdaq climbed 2. 8 . People are betting on some return of normalcy perhaps as as soon as next month maybe thats when america could be open for business i have been a whole time big believer in dr. Fauci. Ive been a believer since he turned hiv from a death sentence to a manageable lifelong condition, something that seemed inconceivable in the 80s. Its hard to see fauci be more optimistic about the battle against covid19 lets be clear he didnt say we could stop doing social distancing. He serm certainly didnt say wel go start having parties. He said, quote, now is not the time to pull back, its the time to intensify thats the caveat. We should be proud of what were doing and mitigate and keep the pressur
Through a revolution what will 2020 bring and what names should you buy were going to begin with todays markets and bob pisani at the New York Stock Exchange. Happy new year. Listen, joe, we are way off of our lows lets take a look at the major average. All three of them still down, yet things are moving in the right direction. Apple turned positive. Nasdaq down here today dow industrials, youll see theyre down 95. S p we were 3216 was the low there. Take a look at the s p 500 essentially the lows were at 10 00 a. M. And buying came in. Its not heavy buying. The volume is about average for a day. But remember, this is supposed to be a very light volume week, so even average volume is better than normal. What has been weak in the market were way overbought, so big momentum names would be selling off. So semiconductors, Home Builders have been really strong, tesla is weak. Master card and visa, big momentum names, all of this makes a little bit of sense when youve had the price runups wh
The dow is down 95 points, though, so that index remains in the red. Check out shares of palo alto, by the way, soaring after its friday night surprise, the worst fears not realized for that stock. Tons of people tune in to the conference call. You can hear the ceo a little bit later on today. A 15 bounce, and were going to talk about this one a lot this week ahead of earnings, nvidia up today as hsbc raised its price target to 780 from 460 currently. That means 70 upside from here. And Consumer Staples are one of the worst performing groups in the face of higher Interest Rates today. General mills down almost 3 , it along with kellogg and campbells soup hitting 52week lows. Lets take a look at the tenyear yield hitting the h high highest level since t2007. Rarely have rates risen as high, as much, as fast as they have in the past year, 18 months. Steve liesman will be out in jackson hole. Steve, will the tenyear yield be the talk of the town or what would be if its not that . Maybe yo