Off an unexpectedly Weak Services report which pressured equities early on and sent bond yields sinking. More on that momentarily. By the close the blue chip index gained, to 16,336, moving 400 points from its low to its high. The nasdaq slipped 12 and the s p 500 rose 9. As for domestic crude prices, take a look at that percentage gain, 8 to the upside snapping a twoday rout as the dollar tumbled and despite record inventories. If anything, today was a reminder of why this market is anything but boring. Bob pisani explains what fueled todays rebound. Reporter we stopppped droppg when oil stopped dropping about 11 00 a. M. Stocks went sideways until about 2 00 p. M. When the whole market turned around. The dow rallied over 250 points in about an hour. Oil also rallied to the highs for the day. So what happened . Some are citing vague rumors that oilproducing countries are trying to cobble together an agreement to limit production. But, you know, weve heard those rumors before. Regardle
Down 69 centstwitters first weekly loss. The stock closed down 6. 8 for the week. And homeowners in new york and new jersey are already making money on the superbowl by renting space on sites such as homeaway. The big game is feburary 2nd at metlife stadium. Lets check in now with Scott Shellady of trean. Joining us now to talk all about the market. Good monday morning to you today and of course we are facing a holiday week here, so what do you anticipate as far as as far as volumes in the Trading Market . Well volumes are going to be thin. We are not open on thursday. Its the end of the month, you have to be careful these quiet markets tend to be volatile and because theres not a lot of selling behind you its hard to get short. Quiet markets tend to gravitate sideways to slightly higher, be careful about getting short because you are going to need that calvary to come in, let you out and then sell it back to you. Its an ominous there and like some good advice. Thank you for that scott
Dollars in fines, in the last year. Now, the Financial Industry Regulatory Authority wants your opinion on this proposal. Speaking of being taken, scammers are targeting older americans. Victims 60 and older now account for more than a quarter of people filing complaints. More than double what it was five years ago. Hit the brakes. Better still, hit the kill switch. Regulators are weighing whether to offer firms on the New York Stock Exchange a kill switch to cut off trading in the event of highspeed trading errors. Farmers may switch from corn to soy. This years bumper crop of corn has contributed to the lowest price in three years. Lets get our day started with Lincoln Ellis of green square capital. Lincoln. What do you anticipate for the remainder of this holiday trading week . Well the worst of this week is going to be relatively quiet and that means probably positive news for equities. If you dont really have sellers out there the trend is up and its very much in tact. Was gdp rea
Fell 167, the nasdaq 48, s p 20, and gold lost 7 dollars will oil oil slipped 50 cents. Traders are paying especially close attention to the nasdaq which racked up it s worst 3 days of losses since 2011. Gms chevy impalas from 2003 to 2010 may have an air bag defect. According to an auto safety group. The percentage of Americans Without Health Insurance is at its lowest level in nearly 6 years according to a new poll. Ben and jerrys is handing out free ice cream cones around the world to celebrate its 36th anniversary. Matt shapiro, president of mws capital, joins us on this tuesday. Matt, it has been a couple of ugly trading sessions. How do investors go from not panicking and possibly making a profit on this market . Theres been a lot of stocks that have come down to attractive points. If you look at the biotech, the technology sectorwere coming into earnings season. I say take advantage of a lot of the high flying stocks that have come down. Take a look at the High Frequency trading
Finishing at 99dollars38 cents a barrel. The search continues for more than a hundred people missing after a mudslide destroyed a fishing Village North of seattle, washington. Eight people were killed when the slide, 15feet deep in places struck, saturday morning. President obama is in europe meeting with leaders of the group of seven, thats the g8 without russia. They may step up economic sanctions against russia for its annexation of the crimean peninsula. And disney is paying 950 Million Dollars to buy privatelyheld maker studios. The Online Video Company has over 340million youtube subscribers. Trader Glenn Schultz of Performance Trust joins us now. Hello glenn hi, how are you . Im doing very well. How are Janet Yellens comments from last week playing now into this week . Janet yellens comments are playing into higher short term rates. When you look at, for example, euro dollars futures the red contracts specifically december of 2015they are pricing in about a 120125 libor. So the