Than pulled back as traders sighed over the fomc announcement offering few clues on how much longer it will continue to stimulate the economy. Also in the session, facebook traded above its ipo price of 38, but fell back to 36. For the month, it was a jumpin july for stocks. The dow rose 4 , the s p posted a 5 gain, and the nasdaq advanced 6. 6 , the best performance since january 2012. Meanwhile, penneys Stock Plunged yesterday. The stock fell more than 10 on a report the retrailer is no longer receiving lending support form cit. Mark sebastian of option pit mentoring joins us on this thursday morning. Good morning mark. We are now post that fed meeting. Did traders get any clues about tapering . You know, not as much as they would like. In fact, if anything, the fed brought more variables in bringing up inflation this time. I think the only thing the fed really let us know is that the fed is a little less confident in their ability to really keep control of this thing than they thoug
And the s p broke through was the other big event, topping 107 per barrell in a sign of potential upcoming demand as the economy strengths. Will it be a july jobs jubilee today . The market expects 175,000 jobs were added to payrolls last month, and the Unemployment Rate could tick down to 7. 5 . In earnings afterhours, linkedin, aig, and kraft all rallied after posting better thanexpected results even though revenues were shy. And billionaire investor carl ichan reportedly is suing dell to stop michael dells effort to take over the company. Scott shellady of trean group joins us on this friday morning, and of course the jobs number is due out today. Scott, what do you think were in for . Well, if youre a taper tiger, you better hope for a big one, because that will supposedly put some pressure on the fed to start tapering in that septemberoctober time frame that most people have been talking about. I think the fed has said over and over theyre datadependant, so i think youre going to
Im angela miles. In todays first look traders and investors set their sights on syria. Friday russian president Vladimir Putins comments that he would support syria if the us attacks with airstrikes. Dramaticaly moved the market. The dow breifly crossed 15,000 with large gains before selling off. The whippy trading session ended with the dow down 14 points, the nasadaq up 1 and the s p unchanged. Gold gained 16 dollars. And oil had a burst of buying surging above 110 dollars per barrel. Also making headlines. According to the wall street journal apple is shipping low end iphones to wireless carrier china mobile. The wall street journal also reports johnson and johnson is considering selling its a slow growing blood testing unit for 5 billion dollars. The market on edge. The possibility of a us military strike against syria is creating tense trading in stocks and commodities. This week, the Senate Begins debate and will likely vote on a resolution to use force against the Syrian Governm
A middle of the night concert is a terrorist attack in san jose, california someone started cutting underground cables and then snipers. They started opening fire on transformers directing power to silicon valley. And no one knows where they went or how many there were. And it has many worrying that maybe someday very soon. It mightve been a warmup for something much more devastating. It is hard to say. No one volunteered this information and reporters kind of had to dig it out. And now the man who is in charge of our Regulatory Commission at the time of this attack with authorities who downplay it in the public that still knows nothing to do about it until now. They are just the opening acts. What is scary about they are leading us quite literally in the dark. Secretary, what do you know about this and how to do they take us so long to find out about this remark. I dont know the details beyond what has been published, but it clearly is a pretty serious issue. And the cascading effect
A middle of the night concert is a terrorist attack in san jose, california someone started cutting underground cables and then snipers. Ey started opening fire on transformers directing power to silicon valley. And no one knows where they wen or how many there were. And it has many worryithat maybe someday very soon. It mightve been a warmup for something much more devastating. It is hard to say. No one volunteered this information and reporters kin of had to dig it out. And now the man who is in charge of our Regulatory Commission at the time of this attack with authorities who downplay it in the public th still knows nothing to do about it until now. They are just the opening acts. What is scary about they are leading us quite literally in the dark. Secretary, what do you know about this and ow to do they take us so long to find out about is remark. I dont know the details beyond what has been published, but it clearly is a pretty serious issue. And the cascading effect of that coul