Story here for stocks. We could look at a record close for the market the dow is up 63 but coming off its highs. Courtney reagan with stay closer look. The stocks falling a bit here as the dollar strengthens, like you mentioned, those comments from President Trump to joe kernen in davos. We have found some footing lets see what happens going into the final hour here not a repeat of what we saw yesterday when we saw this pretty fast fade around the european close time. Its the big m word thats being discussed as the main driver for this rally. Momentum thats taking equities higher there are commentaries coming out of the blue chip dow earnings, like caterpillar, and bellwether indicator like 3m we do have that phenomenon happening today. Caterpillar, 3m and Goldman Sachs helping to lift the Dow Jones Industrial average health care, materials, among the strongest sectors. And biotechs etfs, the hxb and bxi. The aerospace and Defense Group is hitting a new intraday alltime high today led
Josh lipton will cover apple for us josh, what are you looking for kelly, here is what the streets going to be looking for from tim Cooks Company after the close here earnings per share of 3. 86. That will be on revenue of about 87. 28 billion that will represent gains of 15 and 11 . Iphone units, 80 million with an average selling price of 756. Key metric for investors, march revenue guidance, the street expecting 65 billion, meaning a jump of 24 . Apple stock is about 7 off that recent high we saw of 180 in midjanuary on concerns of demand for the iphone x. Though, there are some apple suppliers who are probably saying some of these reports we were hearing about steep Production Cuts were actually overstated we should soon have a better idea guys, back to you. Josh, how key is the china number particularly when it comes to the iphone . It is very key, wilfred we have a debate there are some including bulls at morgan stanley, theyre very bullish on apples business in china. We saw the
Streak as the tenyear pulls back from highs. Bob pisani here at the nyse. Lets start with you. Listening to this lovely music. Im 12 years old again another thing about today, selloff in the middle of the day. Three days in a row this is happening. Up 350, cut essentially in half. The market started very strong in fact, the cyclicals were the story. Looked like early january. What i mean by cyclicals, growth names. United technologies up 3 . Thats moving the dow up 30 points boeing was much stronger earlier in the day still up but a classical cyclical name. Lets show you 3m. These are all dow components, cyclical stocks, all of them, up 1. 5 , 30 points. This was 237, 238 and now back to 235 caterpillar up 2 , fourpoint gain another 30 points. This was almost 160 just a couple minutes ago finally, one group that hasnt been doing that well today, the bank stocks. Goldman sachs, all the big bank names are down fractionally. Even though there hasnt been huge moves in the tenyear you cant
Look forward to the return and congratulations again. Welcome, everybody, to the closing bell. Im wilburt frost in for bill today. Markets stormed out of the gates this morning, but a dramatic reversal in the last hour. A big day for earnings. After the bell, facebook, microsoft, qualcomm, at t, and more reporting what you need to know ahead of the reports. Starting with the initial rebound and selloff and since then pull back we are uptown at the nasdaq, and bob pasani is at the new york stock exchange, bob, starting with you the important thing is what happened in the last hour because we have weakened now, everyone is talking about the feds statement about market based measures of inflation compensation increasing in recent months, but remain low. They added that phrase they are more hawkish on inflation, but its modest, and the s p, lets look at the s p it did not move at all for the first 15 minutes after the feds statements if you thought, they would have been moving more aggress
Panels effective february 7th, the result of a months long investigation by the bipartisan trade commission on washing machines, nonu. S. Importers will be charged 20 to 50 per unit depending on the volume of the products they are importing. Goldman sachs estimates the price tag a shopper will see will raise anywhere between 8 to 20 in the absence of these highvolume cheap products from overseas the administration on solar panels is adding a 30 levy. It declines over time and it will benefit u. S. Manufacturers. But companies that install solar panels will see their prices increase that led South Carolina congressman mark sanford to call the tariffs shortsighted and said his state would lose over 7,000 jobs in the Solar Industry as a direct result of these tariffs. This afternoon at the white house, President Trump said he expected the move would create jobs our companies will not be taken advantage of anymore and our workers are going to have lots of really great jobs with products th