For the drop. The nasdaq 100 extended its 2020 rally. More now with abigail doolittle, our Bloomberg Markets reporter. L ofe been following al the action. What do you make of stocks rallying at the close . Abigail what an exhausting week. A mixed close on the week between different indexes, making it just as exhausting. All of the volatility tells you what we were talking about yesterday. The uncertainty out there. Theres the nasdaq 100 on the week. You can see the huge ups and downs. This tells you investors do not know what is going on. Between this month and last month, not a lot has changed fundamentally for these companies. Just technical movement, that in august. E had at this point, you do have the on thep investors up 2 nasdaq 100. The best week going back to august. Largely driven by apple having its best up week since august 21. From a also up sharply percentage standpoint. Apple, from a waiting standpoint, as you know, between those two companies in early 20 nasdaqsset 100 o
Proposal we could see volatility on the wu witching day options is tote expire 59 minutes left of the session were down 1. 2 on the s p 500 coming up on todays show, well discuss the massive week for the ipo market including debuts of snowflake and Unity Software with Stacey Cunningham. And Jeremy Siegel will weigh in on another volatile week third day in a row down for the s p 500. Six week lows here what he makes of the selloff lets get straight to the big stories were watching though in this final hour of trade mike santoli tracking the Market Action Steve Liesman with fresh comments and joining us to talk about the latest on tiktok and wechat and what means for tech, Big Technology mike, start us off here with a selloff in the broader market. Weve been spending a lot of time at the lower end of this recent range maybe a little too much time down there for the comfort of the bulls. This is a relatively routine pullback for now 3300 or. So we hit that a few times you go back a week w
Well despite the fact that we speculative trading should be curved up, well see how yum china is doing but a muted debut so far here in the city. We are expecting a Bank Decision highly expected to stay on hold here today. Also with the ecb as well. Watching the euro very closely. Did gain yesterday on the back of a report that some ecb officials having a little more confidence in the recovery from this pandemic ahead of its policy meeting. Theyre likely to hold. Well see what they say about the strength of the currency. 118 for the zero dollar. Pound still under pressure here. Things like the seems like the e. U. May be take manager Legal Proceedings or measures here to stop the withdrawal from this deal that Prime Minister Boris Johnson has been play to play out here. Your indonesia rupia as well. Recovering a bit on concerns about the Central Banks independence. Government think ceying it was opposed to the plan of a monetary board being set up at b. Y. Well dig deep beer shah in a
These tech heavy benchmarks doing better than what we saw on friday. We are watching hong kong closely after we saw them arrests made after protests returned to the city. Looks like they are shrugging that off. Pretty steady for the euro. That ecb meeting on thursday. A lot of questions about how to tackle this euro strength. This has been pretty volatile of late. We get another round of brexit negotiations. Your off to your offshore revenue will be continuing. They onshore rate has had the highest stretch. Bond markets have been falling. Pickuptreasury yields after the u. S. Job report. These are back to the prepandemic levels now. Hedge inll a good these markets. Brent crude still following what we saw with oil markets. Around 42. Lets get more analysis now. With eight Market Strategist. What is your assessment of what the key drivers are behind markets in this part of the world . Good morning. Thank you for having me today. I think we are seeing an interesting trend. We have the sit
Skeet to hit nearly the same time. Moon while a white house shakeup Kellyanne Conway giving up post starting next month her husband george step wage from antitrump organization as they both put the focus back on their family. They say. Markets this morning are rallying take a look at futuring with a triple digit move the fda announce emergency for plasma to treat covid19 and dow is up 370 points and s p 500 up 25. Markets finish in the green on friday, certainly the s p 500 seeing its longst winning streak this year with the s p friday up 11 points nasdaq up 46 and dow industrials finish out the week up 190 points on friday. Ticktock troubles continue Facebook Ceo Mark Zuckerberg reportedly still confused in washington about the chinese social media app. Missing these warnings months ago and it is the gops turn. The Republican National convention kicking off today. Housing urban Development Secretary ben carson will join me in the next hour with breaking news on his speech as well as o