The market rally lets get to dom chu to give us a broader picture of what were seeing here. The whoopwhoops are happening all over the place, not just on the floor but across wall street and investing america because we are, again, at record highs for the overall stock market the best start to a year for the s p 500 since 2003 back then, it gained around 6 were at that 4. 5 , maybe close to 5 at this point. Check this out the s p 500 over the past week is up 1. 5 industrials, consumer discretionary, energy, financials, cyclical, economically sensitive the ones who do good in a rising economy. Those sectors are outperforming. Meanwhile, Interest Ratesensitive sectors like real estate, telecom, utilities, Consumer Staples are the market underperformers. As for the best performing stocks in the s p 500 and the worst ones, check this out because we have at least Seagate Technologies showing its going to be the best er performing stock so far on the Dow Jones Industrial average side, no sur
Is standing by at hq. That was the best setup that was the reversal, now down 70, to 350some up point reversal for intraday dow. The big reversal you talked about has been driven in large part by a handful of stocks. First of all, good news. Lets start with that. Take a look at intraday quotes for biggest point contributors to the dow if you take a look at some names, overall, United Health, merck and johnson johnson. These names still in the green United Health adding about maybe 25 points to the overall mix in terms of the in terms of the dows point. Merck and johnson johnson, 15 points, 10 points, thereabouts so, those guys still buoying things take a look at these stocks. We mentioned these as the biggest point contributors of the dow near term. Were talking about boeing, United Technologies and caterpillar. Those stocks about 25 points is being dragged off by boeing just in and of itself 15 points by United Technologies and caterpillar, as of a few moments ago. These three stocks
Just 1 these days, 1. 1 higher for the blue chip. Today is a broad based rally compared to yesterday, the s p up 1 as well as the nasdaq and russell. Dom has a rundown we hit the 26,000 mark, a shot of keeping it for the close this time. Remember, it was a year, a little under a year weve seen a 20,000 to 26,000 rally, just 4 between that last big move in 25,000 to 26,000, but still, look at the Drivers Behind it. Theres familiar names we talked about for quite some time with the dow, heavily weighted ones between the 25,000 and 26,000, boeing added 350 points. Caterpillar contributed 90 points, and United Health 66 the biggest weight, General Electric took eight points away, and Goldman Sachs took 36. Between 20,000 and 26,000, similar names. That 6,000 point rally, 1236 points of that was boeing alone. United health group at 323, 3m, 490 points, and the laggard were shares of ibm taking 26 points off, and General Electric at 89. As we talk about 26,000 numbers, these are stocks to wa
Schumer just arrived at the white house. Reporter i caught up with chuck rounds, a republican from north dakota, who last night was a no vote and this morning changed to yes after promises from Mitch Mcconnell i asked him what was going on. He said leadership has them in a Holding Pattern for the next couple of hours as they figure out what theyre going to vote on, whether it will be the bill the house passed last night, that 30day shortterm funding bill, whether it will be Something Like four to five days which democrats and some republicans have proposed to ramp up the pressure to get a deal done on immigration whether it will be something in between. He says republicans in the rank and file dont know yet. Senator schumer and Democratic Caucus are surely meeting this afternoon to figure out next steps from their approach after that 90minute meeting with the president. As i said, when he came back to the capitol, he had little to say about the meeting, but just that it was productive
They still have to vote on final passage of the bill, then it will go to the house im told to expect that 4 00, 4 30, somewhere in that range. Then the president will have to sign it. The white house said expect that Late Afternoon early evening but there are already restarting talks on immigration even before the passage is final of that bill senator john cornyn, the number two republican in the senate, just told a bunch of reporters that he had a meeting at the white house on immigration with other senators like senator cotton, perdue, langford and grassley they were informing the president about what they thought could actually pass the senate on a bipartisan basis they said they put to bed Graham Durbin, which was the preexisting bipartisan framework in the senate and trying to work on what comes next this immigration debate is heating up as we now look towards the new deadline in three weeks. Not only do you have that debate, which will be exceedingly contentious in both chambers