The pandemic is raging works like a charm can this market really be that binary can it really be that stupid to borrow a line from that masterpiece of english literature, this is spinal tap, its a fine line between clever and stupid [ drumroll ] the dow only gained 300 points, the short answer is, yes, it really is that simple. When texas was forced to pause its reopening plan because of record covid infections, a m suddenly the stay at home stocks came back in style i guess the virus didnt get the memo about not messing with texas. Many of todays winners were the usual suspects that benefitted from the pandemic. Plus the oils and the banks, though that was a femoral, given everything was stay away from the banks. Any way, before we get into the specifics. How the heck can this market rally on truey terrible news we have a horrific outbreak in the sun belt, we hit a new record for covid cases yesterday. The virus is back in exponential growth mode. The human cost could be enorm s enorm
The nas needs a 96point gain at the chose to grab the brass ring are. Its way past that right now, im going to tell you whos leading the index in a second, but it may surprise you. However, i want to first look at the blue chips after a 605point drop yesterday, the dow right now just turned negative. It is down just a single point. Had been higher by as much as 155 points. Look whos in the lead here. Go to the dow heat map. Intel. Investors are piling into the chip maker. Its up about 1. 8 9 perhaps on the belief its oversold. Shares have lost are about 30 this quarter, but right now you can see up at the moment just by a bit here. Weve got it up half well, yeah, 1. 8. Attentiongrabbing action in the s p right now. The broader indecision is up 32 index is up 332 points compared 332 points. A few more points needed to blank out yesterdays move if 32. Deckers outdoors, this is the maker of uggs, soaring 13. 3 3 or 120 to 1,025 a share. It gets better for shareholders, especially those wh
Alltime high. The blue chip dow index breaks above 18,000 for the first time this year and not to be outdone, small caps also finished the day at a record. Strong Economic Data out of europe gave the markets a lift early on and hopes that greece and its creditors will reach some sort of deal when they talks on monday. Dow jones rose to 18,019. Nasdaq gained 36 points to fresh 15 year high and the s p 500 was up 8. For the week the dow rose 1 . The nasdaq up more than 3 best week since last october and the s p 500 gained 2 . The Energy Sector was helped by a 3 rise in west texas crude. It is now up nearly 20 from its lows last month. Brent crude back up above 60 a barrel actually above 61 for the first time this year. Both benchmarks have now risen for three consecutive weeks. Whats behind the broad based runup and is a sign the bulls will stay in control . Dominic chu reports. Reporter it may not feel like it for many investors but we are once again at record high levels in the stock m
Alltime high. The blue chip dow index breaks above 18,000 for the first time this year and not to be outdone, small caps also finished the day at a record. Strong Economic Data out of europe gave the markets a lift early on and hopes that greece and its creditors will reach some sort of deal when they talks on monday. Dow jones rose to 18,019. Nasdaq gained 36 points to fresh 15 year high and the s p 500 was up 8. For the week the dow rose 1 . The nasdaq up more than 3 best week since last october and the s p 500 gained 2 . The Energy Sector was helped by a 3 rise in west texas crude. It is now up nearly 20 from its lows last month. Brent crude back up above 60 a barrel actually above 61 for the first time this year. Both benchmarks have now risen for three consecutive weeks. Whats behind the broad based runup and is a sign the bulls will stay in control . Dominic chu reports. Reporter it may not feel like it for many investors but we are once again at record high levels in the stock m
Alltime high. The blue chip dow index breaks above 18,000 for the first time this year and not to be outdone, small caps also finished the day at a record. Strong Economic Data out of europe gave the markets a lift early on and hopes that greece and its creditors will reach some sort of deal when they talks on monday. Dow jones rose to 18,019. Nasdaq gained 36 points to fresh 15 year high and the s p 500 was up 8. For the week the dow rose 1 . The nasdaq up more than 3 best week since last october and the s p 500 gained 2 . The Energy Sector was helped by a 3 rise in west texas crude. It is now up nearly 20 from its lows last month. Brent crude back up above 60 a barrel actually above 61 for the first time this year. Both benchmarks have now risen for three consecutive weeks. Whats behind the broad based runup and is a sign the bulls will stay in control . Dominic chu reports. Reporter it may not feel like it for many investors but we are once again at record high levels in the stock m