Yesterday, the Semiconductor Stocks which lagged so much, back in play again today. Up 19 points at 3,504. So the dow and the s p making a twofortwo. This week, in addition to last weeks rally. Bob has the big hitters for us. Bob . Reporter not closing at the highs, but not far from it. A nice twoday run. Putting up the major sectors today. I want to note the transports were huge today. Very rare to see a twopercentage point, essentially, move, a difference between the dow transports and the dow industrials. Midcaps did very well. Look at the nasdaq. Thats a 12year high for the nasdaq. Russell 2000, historic high. The reason for the move up in the transports . Well, there was some talk and discussion and some rumors that mr. Ackman might be taking a stake in fedex through a new fund hes starting. Other stocks in the group, in the transports, like matson, csx, jet blue, all on the upside. And the outlier, the homebuilders, on the upside. My guess is there are some people betting that pe
Saudi arabia online, the lowest cost facility on this planet. And on top of it, there are legacy issues like the one that we are removing this quarter, trying to remove this quarter, with a new initiations. We also have global news today. China consumer inflation picking up more than expected in june. But deflation remains for a 16th straight month. Countrys central bank is seen keeping policy largely neutral in the near term as a result of that. Here say look at the major asian markets today. The nikkei recouping all of the previous days decline, shy of a new sixweek high. There is a boj policy meeting there tomorrow. Two reports to note, at 7 30 eastern time, the nfi survey of Small Business sentiment, well get that. At 10 00, the Labor Department will release its survey of job openings and Labor Turnover in may. Joe . Andrew. Yes, sir. How are you . How do you solve a problem like alcoa . I guess it is maria, though. A 7 stock, 8 billion market cap. And i like kline felt. He acknowl
Europe doing okay. The greek tenure yield is down and the market up for the fourth straight session. Dow components ibm and alcoa. Ibm downgraded today by goldman. Kicks off earnings season with a beat. B n ceo resigning. The latest on the Asiana Airline crash in San Francisco as investigators try to piece together what happened in the cockpit. A live report from the scene. First up, shares of ibm falling in the premarket, downgraded by goldman to neutral from buy saying it sees pressure on the Growth Markets and Revenue Streams. Interesting note, guys, they say the whole reason to add ibm to the buy list back in august of 2011 was some of these higher Revenue Streams to sort of smooth out the cycle over time. They think thats now coming in to what theyre calling a challenging period. And say that the quarter will bring more volatility than investigators are accustomed to. Hasnt really paid off for goldman as a bet since adding it to the buy. Ibm up 16 . S p up 39 . Wow. See if that se
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