The nasdaq up by about 120 yesterday was a down day for the markets. The dow off by about 270 points. But if you want to take a look at november hes historic gain, check this out, the dow actually up by 1. 8 for the month, that is its best month since january of 1987. The s p no slouch either it gained about 11 while the nasdaq was up nearly 12 november by the way was the best month for all of those indexes since april which was a huge month. Also small cap stocks were some big winners. The russell 2000 finished the month up more than 18 , 245ethas right, 18 in one month, the best month since that index was created back in 1984 so here we are heading into december and year to date, the nasdaq is the superstar, up nearly 36 the s p 500 is up by 12 and the russell 2000 up by 9 . The dow up by 3. 9 so fantastic november for all of these indices. Nasdaq leading the way in terms of year to date. Joe. Yep, coincident with the surge. Go figure. The second surge are you sure it is never too ea
Apple beat on the bottom and top. Iphone revenue, the street was looking for closer to 29 million. And mac and ipad beating expectations i talked with ceo cook about that the decision not to offer a q1 forecast saying the pandemic is causing too much uncertainty right now. Saying naturally naturally, iphone, saying they are not seeing the benefit of sales like last year telling us we have a number of tail winds we launched four new models. 5g is a onceinalifetime opportunity. We have a large and loyal base to sell into and in the United States there are aggressive carrier promotions initial data points, cook said, are quite good he talked to us about the stores the vast majority of 500 stores are open, but in different ways. Some as usual, some by appointment only cook said the call is just starting now. I will bring the headlines as they come. Thanks, josh. Guy, no guidance for what should be its strongest quarter of the year what do you make of that it leaves you in suspension suspen
Have congressman andy biggs. After the mess from the first president ial debate. I wanted to learn more about policy. Many feel america lost i would like to see another debate with a different formality. Our Political Panel will weigh in. All that and so much more on making money. Charles market rally today might not have been with some expected after last night but there are a number of moving parts that actually matter more to the stock market, right . The economy is probably more important than the debates. Heres the thing, folks with, very a string of positive Economic Data pouring over the last 24 hours. Yesterday Consumer Confidence saw the biggest drum in 17 years. Chicago pmi jumped to levels not seen since 2018. New home levels highest ever really. Adp jobs report, 749,000 private sector jobs added last month. Sectors closely associated with overall optimism and election out comes. 60,000 in mining, 60,000 in construction. 130,000 manufacturing jobs. Street holding out hope th
Reaffirmation on the American Labor economy in this hour, claims, and all of the various numbers that come out with it. Forget about the markets. Forget about the chancellor of the exchequer actually dealing with the United Kingdom labor market. It is a question of millions out of jobs. Jonathan permanent job losses as well, and permanent shifts in the economy. Thats got to be my big take away, government confronting the idea that perhaps we are seeing permanent shifts in the economy, and they need to allow that creative destruction, the powerful transformation of capitalism to take hold and maybe step back a little bit more. Ive got to say, some people will push back aggressively against that and say this is a pandemic, it will pass, and perhaps we will get some return to normality. That will be a debate for the several weeks, months, and hopefully not the next several years. Tom david kostintom will join us from Goldman Sachs with an important discussion on the equity markets. Future
Youre watching Worldwide Exchange on cnbc top of the morning to you in for Brian Sullivan today kicking off this monday morning with stock futures indicating declines. The nasdaq up about 48 points as you can see but the nasdaq composite overall over the last two days has seen some of that positivity posting a 1. 5 gain with the help of blowout quarterly numbers from amazon. Com, facebook as well the latter coming off of a gain of 10 peculiar on friday for the best one day performance since march 13th of 2020 you can see apple shares over the last couple of days in the green. The major averages coming off their fourth straight months of gains. The s p 500 seeing its best july since 2010. You can see here 20 gains for the dow industrials. 26 gains for the s p and the nasdaq up 40 just over that span alone now in yields they continue to hover near historic lows ticking slightly higher to 54 basis points or. 54 ten year note yields around 11 basis points and the 30 yearlong bond on that t