250 points shy of that level. Still, though, only a couple of Percentage Points in the grand scheme of things. Yeah, bob, its one of the days when the averages dont tell the things. We had mergers. We had more earnings. We had a lot of storied stocks to talk about today. Reporter yeah, considering nobody cares about apple, its supported in the nasdaq, and its the reason we outperformed. Weve been in the narrow range. Look, were 1,580 or 1,680, put up the s p, essentially a month now. What will break us out of the particular range here . Number one, a little thought here, i just want to put you down here with some thoughts of what will matter. Underperformance may not be or it may be enough for us. Weven up, down, only 2 , 3 corrections for most of the year. Just another 2 , 3 , to the downside, thats all thats necessary for people to come in and buy. Stability after tapering in september. My feeling is we get the tapering, we drop 3 on the s p over a period of several days, and then we
Break. The s p and the dow coming off the best week since july. Will the momentum continue . Plus, it is a big week for earnings, results expected today from netflix and kimberly clark. Mcdonalds, boeing, facebook, apple, all will have reported by the end of the week. A lot of tech news, nike reportedly leaving the wearables market. And more trouble for General Motors. New documents showing that the automaker waited years to recall hundreds of thousands of saturn ions with power steering problems. First up, though, we are basing for a barrage of Earnings Reports. Netflix tonight, tomorrow, mcdonalds, travelers, utx, at t, wednesday, boeing, p g before the bell and a big night on wednesday, apple and facebook after the bell. On thursday, well get c. A. T. , gm, 3m, microsoft, visa and amazon. And well close out the week with ford results on friday. I mean, this is talk about the calm before the storm. Not a lot to work with today, but we all know how crazy were going to be in about 48 h
Futures are up and the dow gained 100 yesterday. But there is room for skepticism. Europes grappling with the same question helped by some decent uk inflation data today. And a tbill auction in spain. Our road map begins with what appear to be significant progress in the debt negotiations overnight. A whose proposal looking to raise rates for those making more than 400,000 a year. But senator corker on squawk just poured a bucket of ice water on those hopes. Whitney boosts her recommendations on citi, bank of america and discover financial. Is that move by one of the more famous financial bears, a sign of a new era for banks . Walmart is once again the target of a New York Times investigation. But does the paper add anything new and can the stock outperform just as it did last time. Private equity firm server said it will sell the firearms conglomerate. Is private equity talking about guns in the country. Futures moving higher on optimism. The white House Republicans rising above parti
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and we re going to talk wliv with one very influential member of congress who wants to put a cap on your capital gains taxes forever. a lot of people think that that s a good idea. we ll talk about that in a minute. first down to simon at the nyse. he s my partner for the next couple of days. in just a short while members of congress will start a hearing on whether major mesh corporations are skipping out on their taxes. reporter: the hearing gets under way in just about an hour. we re already seen the report from senator carl levin. a democrat. head of the senate permanent subcommittee on investigations. senator levin said that he found significant abuses inside many american companies. multi-nationals have avoided billions of dollars in taxes using these offshore gimmicks. they have benefited greatly. but these loopholes and abuses exact a tremendous cost. reporter: there are two companies in the crosshairs today. first is microsoft. senate report saying from 20