Apple overshadowing Everything Else, it is passover, so i thought of how is this day different from any other day earnings season . It is also seasonally and apple appropriate. Let us look at the major averages that are hovering near the lows of the session. As investors await all the various events that scarlet was talking about, as it is bring break, we do see a drop in volume and this pause at the very least from the rally that we had last week that took other major averages as well and other individual groups to multimonth highs. If you look the s p 500, its sort of made a little bit of an attempt at a bounce an hour ago and did not quite go anywhere. It is still down one half of 1 . Take a look at the bloomberg for volume in the various groups of the s p 500. Overall volume is down 10 to 11 . Telecom is seeing a particular slot, financials as well. Consumer staples also seeing a decline in volume. Apple is on the list of drags. Theres a lot of questions about iphone demand going f
Adp showing private sector jobs up by 200,000 in september, that beats forecasts. So far in q3 the dow and s p are down almost 9 . The nasdaq has fallen about 9. 25 . Im sure you have seen the Global Market cap at twoyear lows, below 60 trillion. 11 trillion lost money. I think its important to point out that there were some huge orders from some large mutual funds at the close yesterday, fiscal year does end for a lot of mutual funds. September 30th, gives you a fuel three months to figure out what to do with the money that you get that they take from capital gains. I think they were a huge part of the problem in the last few days, getting out of strongs. I think a lot of the Fund Managers have turned bearish. I think you get a bounce because the fiscal year is over today and theyre not selling. Thats more important than any piece of data. A lot of discussion about the cash balances being low. As people wanted to exit they had to sell. Right. I think its important. This is a flow of f
George lemieux and former senator evan bayh, a democrat from indiana, they join us in moments. The posted ceo for wall street greed were talking about martin shkreli. Another Company Drops the hammer on him. One of the most revialed and compelling figures in Business Today according to forbes magazine. Star wars living up to billing after a blockbuster weekend. Weve got the numbers disney was hoping to see and the exciting, basically plan that disney has in the works, thats coming up. You know about the amazing beauty shots that you take with drones in real estate, could be harder to come byes as the faa institutes new rules of drones into effect. Less than an hour to the closing bell. Lets start the countdown. Liz all right, lets take a look at volatility index. This is the ekg for the markets. This shows you what has been going on over the last month. 25 years of vix performance in december. Its usually a placid, serene month for december, but this month we are at historic chops at t
Have new details as iraqi soldiers and Shiite Militiamen enter the Islamic Statelets check out how equities are doing after yesterdays selloff it was the worst day for equities in two months. Dow jones industrial excuse me, the s p 500 is down fractionally. The Dow Jones Industrial average , also declining on this wednesday, down fractionally. And the nasdaq composite index is down a little more than. 1 . We have not seen the dollar this strong against the euro in almost a dozen years. It is almost approaching parity. The dollar is up 11 this year up 22 since last june. The stronger dollar will hold down inflation and consumers will eventually see lower prices on imported products. For europe, it means their exports are more competitive than the global markets. Customers of apples itunes had app stores have not been able to buy or download items worldwide due to an extensive outage that has lasted more than eight hours. The itunes app and Mac App Stores are unavailable. Service for the
In asia the shanghai composite closes lower after an erratic session that saw shares dip into direction territory. The french drug maker with one of the best performing stocks in europe with reports that pfizer is eyeing a takeover bid. You have a duty to change the face of fifa. These are the words of Sepp Sepp Blatter speaking ahead of a vote on his reelection as president. Italys numbers just hit the table. Growing 0. 3 from the First Quarter from the Fourth Quarter of 2014 confirming a preliminary estimate and also revised up to 0. 1 year over year. Taking a look at the euro a little higher holding on to 109. A similar level that it traded at yesterday. We should point out as we hit the halfway park in 2015 italy is actually the out performer. Ftse mib up 24 year to date. Greece is a top story for us. Theres more mixed messages in the situation in greece. Lagarde warns a grexit could be possible but would not mean the end of the euro. Meanwhile the greek government hopes to wrap up