With cigna is going to go through. When you look at stocks more a record onceee again for the dow and s p 500 as we see stocks rally on the strength of earnings news weve gotten today. Been the bigs leader of the day, largely because of microsoft and other earnings we have watched. Have been watching the s p 500 in this ongoing rebound in the wake of the u. K. Vote to leave the European League the European Union. Here you have stocks how they have done since following the vote. As we know, it has hit records frequently in the last week or so. Look at the groups on the move technology the best performing group. We see some rotation out of the defensive and into the more cyclical groups. On theft shares rising wake of the companys Earnings Reports that came in better than estimated. Its cloudbased business did well and cisco is trading at its highest in nine a half years. Facebook trading at a record. Sharesings winners surging 15 . Uniform maker of after earnings Beat Estimates and tupp
Back. The dow falling just 3 points. The s p 500 inching up. 02 . Nasdaq advancing. 50 . Even as the fed seems eager to pull the trigger. On a june rate hike. Its simple. This market is in a see saw mode and that throws some stocks off while allowing others to come along for the ride. The possibility of the feds raising rates sooner rather than later. With the market all over the place today. I think it is important to do a little refresh better what drives these moves and what allows certain stocks to rally in a truly sub par moment. Where it is awfully hard to keep the bear at bay. Lets start with the time line here. First on day one. Out of nowhere we start worrying about imminent fed tightening. Everything goes down. No market can handle a Federal Reserve official. Saying we need to raise rates not just once with you several time in 2016. When you get not one, not two but three of those guys saying the same thing and theyre showing the economy might be getting too hot like yesterda
Highest of nine months. Gainsre hanging onto the and the nasdaq going more deeply in the red after some disappointing earnings reports. One of the main themes of the session has to do with commodities. This is the imap and you will see materials and Energy Stocks if you take a look at that imap are the two bestperforming groups. Materials up 1. 5 and energy up 1. 4 even though the imap wheel is looking a bit mixed at the moment. Something else i wanted to look at is a global commodity monitor. Columnlook of the third over there, it is almost all green today. The only exception being sugar. In other words, we have a very broad commodity rally today from energy to metals to act. Some of that is due to the decline that we are seeing in the u. S. Dollar could the. The bloomberg dollar index hitting its lowest since last june. We have seen that in advance and a lot of those commodities. Having to deal with the u. S. Dollar is that short on the u. S. Dollar are going to a higher level. Heres
You. [ laughter ] [ applause ] saturday night at 8 30 eastern an indepth look at policing in minority communities. Speakers include former st. Louis Police Officer hudson, the Atlantic City coates and washington, d. C. Police chief kathy lanier. Most people get defensive if they feel youre being offensive. So being very respectful, you know, encounters and request, if its not a crisis, its not a dangerous situation request versus demands, those things change the dynamics a little bit. Sunday afternoon at 2 00, race and the criminal Justice System with white house Senior Adviser Valerie Jarrett and others. Then at 6 30 portions of this years washington ideas festival. Speakers include virginia senator mark warner, former Vice President al gore and author ann marie slaughter. We have to banish the word hes helping at home. Right. Helping is not actually taking the burden off you. You are still figures out what needs to be done. And you are asking him to help. Hes not the agent. Right. He
We brought in the allstars for this one. Varney and company is about to begin. Stuart look at that Dow Jones Industrial average. We are up 87 points as we speak this wednesday morning. Down she goes. That is a big loss. 5 down for fedex. Oil stay right there in the 55 56 per barrel range. Fiftysix on oil. Look at cass. The downward spiral continues. It dropped another 0. 02 overnight. 2. 50 is the National Average. Alan gross released today. Part of a deal that will release some cuban spies that have been held in american prisons. President obama will announce talks. This is a very big deal. Mary kissel, wall street journal, right here. You say this is a bad deal . It is great news for allen and his family, but bad news for everyone else. They see with this deal that they should get something when they take americans as prisoners. What kind of behavior are we rewarding it darkly . Why are we rewarding these people . Stuart we do have leverage. That gives us leverage over cuba. There is