Steady. Road map on a busy day for earnings including apple, coke and boeing. Apple surging in the premarket on the sfwheets more from the dnc. Less discord from inside the convention. President obama, joe biden and Vice President ial nominee tim kaine are on tap to speak today. Another tough quarter for twitter and jack dorsey, the stock plunging after results disappoint. What happens to the company next. But first up, apple shares are surging after the Company Reports a beat on the top and bottom line. Revenue did fall for the second straight quarter. Iphones saw the steepest sales decline year on year but that number was less than what the street was expecting. Analysts expecting an uptick in iphone sales when the new 7 is released later this year. Revenue guide not too bad. Jim, cost control, margin guide, okay. Yeah. I think there are probably people at home saying how could they have a huge decline and the stock run. The answer is in the number of iphones that they sold a lot of
The markets. Jp morgan did not use brexit ate my homework as an excuse to imply lower numbers. Jp a lot of people were nervous, they did not take that bite. A great relief. Financials up right across the board. Earnings trends, only a few of them have been beat. And i want to show you whats going on here. Since these companies started reporting, this has been their stock prices. Alcoa, delta, jp morgan, every single one of them. Lets take a look at the banks. It is very traditional for banks to go up a little bit. Thats jp morgan and sell off after it. And banks are leading, up about 5 . So far just this week. The head of the Worlds Largest asset manager getting a little worried. Heres larry fink on squawk box. Here we are. Were seeing investors worldwide pausing. We have seen quite a large sum of money being pulled out of equities over the last year. And yet were at record highs. This rally in my mind is not i dont think we have enough levels to justify at this moment. Reaction now. G
Halloween friday october 31st. Good evening, everyone. Well, nothing spooky or scary about this halloween friday on wall street. Both the dow and the s p 500 surged to record highs this friday and posted gains of 2 or more despite all those wild swings. After todays wild rally, investors can thank Investment Bank for the stimulus plan. Also helping, some strong Economic Data right here at home. The shoppers index in the midwest rows more than expected. Consumer sentiment hit its highest level in more than seven years. Even though Consumer Spending fell last month for the First Time Since january, personal income rows nearly 1 , the biggest increase in more than six years. So add it all up, and it was a blockbuster day on wall street. The dow skyrocketed at almost 200 points, closing at 2,390. The s p added 23 to the new high of 2,018. Looking at the scorecard for october, the dow was up 2 , the nasdaq jumped 3 and the s p added more than 2 . Bob pisanti has more on this months tricks a
Halloween friday october 31st. Good evening, everyone. Well, nothing spooky or scary about this halloween friday on wall street. Both the dow and the s p 500 surged to record highs this friday and posted gains of 2 or more despite all those wild swings. After todays wild rally, investors can thank Investment Bank for the stimulus plan. Also helping, some strong Economic Data right here at home. The shoppers index in the midwest rows more than expected. Consumer sentiment hit its highest level in more than seven years. Even though Consumer Spending fell last month for the First Time Since january, personal income rows nearly 1 , the biggest increase in more than six years. So add it all up, and it was a blockbuster day on wall street. The dow skyrocketed at almost 200 points, closing at 2,390. The s p added 23 to the new high of 2,018. Looking at the scorecard for october, the dow was up 2 , the nasdaq jumped 3 and the s p added more than 2 . Bob pisanti has more on this months tricks a
Halloween friday october 31st. Good evening, everyone. Well, nothing spooky or scary about this halloween friday on wall street. Both the dow and the s p 500 surged to record highs this friday and posted gains of 2 or more despite all those wild swings. After todays wild rally, investors can thank Investment Bank for the stimulus plan. Also helping, some strong Economic Data right here at home. The shoppers index in the midwest rows more than expected. Consumer sentiment hit its highest level in more than seven years. Even though Consumer Spending fell last month for the First Time Since january, personal income rows nearly 1 , the biggest increase in more than six years. So add it all up, and it was a blockbuster day on wall street. The dow skyrocketed at almost 200 points, closing at 2,390. The s p added 23 to the new high of 2,018. Looking at the scorecard for october, the dow was up 2 , the nasdaq jumped 3 and the s p added more than 2 . Bob pisanti has more on this months tricks a