It the longest streak of record closes in 20 years. That of course no small feat. Investors are optimistic about broad Economic Growth both here and abroad. Theyre encouraged by corporate earnings and the prospect of u. S. Tax reform hasnt hurt either. Today the Dow Jones Industrial avere rallied 113 points to 22,775. The nasdaq added 50. That s p 500 was up 14. Bob pisani has more on wall reporter the record rally rolls on. The s p 500 closed higher for an eighth straight day. It makes it not only the indexs longest winning streak, its also the longest string of record closes. The markets ticked higher on news that the house voted to approve the republicans laters push for a budget resolution. That will now go to the senate, setting the stage for tax reform. With tax reform back on the table, banks, material, and Energy Stocks were all back up. Since the president ial election last november, five sectors are up more than 20 . Tech, industrials, and health care among them. One sector,
The hang seng market was up and so was the shanghai. The dax was up by 1. 4 . The cac up by 0. 9 . The ftse up by a quarter percentage point. If you check out crude oil prices, youll see crude oil is under significant pressure once again today. Down 1. 38. Down below 47 a barrel. 46. 98 is where the july contract for crude is trading now. Lets get you through todays agenda about the labor market. May jobs report out at 8 30 a. M. Eastern time. Nonfarm payrolls forecast to ride by 184,000. Thats following an increase of 211,000 back in april. The u. S. Economy added jobs for 79 straight months. The Unemployment Rate expected to hold steady at 4. 4 . The lowest level in a decade. Russian president Vladimir Putin will be speaking in st. Petersburg at a forum alongside several other World Leaders including indias modi. The session will be moderated by nbcs megyn kelly. That begins at 7 00 a. M. Eastern time. A programming note, sunday night megyn kelly has an interview with the russian pre
The 8th and gained momentum. Its been ignored, passed over by the antitrump media. But, its happening now. Other head liens out this morning the negotiator in chief steps into the obamacare debate and will take conservative critics out for bowling and pizza. Talking about President Trump, hes got a lot more leverage than bowling and pizza. Gas average 2. 30 nationwide, watch for it to come down very soon. The price of crude oil is tumbling. Gas will follow. Despite it all, the dow is holding up. No big selloff since the trump rally began. We will open ever so slightly open down today and please remember, eight years ago today, the dow hit bottom around 6,500. Its been quite a ride since then. Varney company is about to begin. Well, start with this breaking news, this is going to be a headline today. U. S. Led Coalition Forces ramping up air strikes on syria. The marines have arrived in syria and carrying with them heavy artillery. What else do we have. Howitzers, 500 marines and theyre
Watching online paying respects to the greatest, muhammad ali, comedian, actor, Billy Krystal and former president bill clinton among those eulogizing him this afternoon. David there is the former president as we speak. First of all the dow getting hammered today. Here is how the three stock markets fared. We see the dow down significantly. Nasdaq taking it on the chin more than other two, trust me folks. Nasdaq was the worst of three indexes. Were not seeing all three. Phil flynn, price futures, fox business contributor watching action in oil and gold from the floor of the cme and lori rothman from floor of new york stock exchange. Of the three indexes nasdaq took it on the chin hardest. Tell us other details. Reporter this is fairly typical riskoff day. European gdp. Week global bond yields. Overall concern about overall Global Growth. Of course you have this brexit vote. Later in the session we had survey put out by the independent newspaper, more people are in favor of the u. K. Le
Amtrak trains are traveling through the crossing again around 1 30 this afternoon Vanessa Henriquez was behind the wheel of the roar rav4 with sadie sitting in the rear passenger seat when the amtrak train struck the vehicle bill. Mother and daughter died at the scene. She was a very loving mother, very responsible. Always with her children. Reporter relatives say this afternoon vanessa was probably tending to her family as she always did as a devoted stayat home mother. She usually does as a mother, picking up groceries, dropping off her son. Reporter mrs. Suv got stuck on the train tracks as traffic backed up. It appears its probably the heavy traffic that got that car trapped on the tracks. Reporter a source tells us the orange markers at the pavement show where pg E Construction work was being done but the crossing may have caused the traffic bottleneck. Amtrak trains usually travel at 70 Miles Per Hour through this area. The suv was pushed down the tracks for about a quartermile b