Stocks are headed up to their session highs of a with that said they are still in the red. Right now lets take a look at where they stand. The dow is coming up on the flat line, but the s p 500 is down by about a third of a percent. The s p is down for the second day in a row, and this is its first backtoback losses so far this month. Part of the reason for that is because of the retail data that we did see earlier today. Sales for february falling, and januarys game revised to a decline. We will see how the fed will factor in that with Interest Rates tomorrow as well as the day after. I want to show you the General Health of the s p in its sectors. Four are in the green, six are in the red right now and looking at the positives, Information Technology is of the most, by about a quarter of a percent. Utilities not too far behind. 1. 5 , care is down by which had been preceded by materials. Energy is down by about 1 as well. I also have to talk about what is happening in the pharma worl
The nasdaq closing at its highest level the sheer. pretty impressive we had the fed minutes that came out today. This idea that the fed is not in a rush to hike. Markets kind of treaded lower. Right before 3 00, which is when the st. Louis fed president came out and thats when we saw a huge rush in stocks and a rally to the close. One of the biggest winners in the nasdaq were biotech stocks. Breakout, rowling rallying the most since 2009. Two dollars away from its 100 day moving average. With that risk rally, we saw yields pick up just a little bit and an immediate spike in the shortterm rates into year yield right after the fed and its came out. Hire on the twoyear and. 3 hire on the 10 year. Scarlet the yen goes from strength to strength. The dollar trading at a 1. 09 handle. Sinking for a fourth straight day. Terms of commodities, oil with an unbelievable move up. You have inventory numbers that came up and an inventory draw in the u. S. Refiners starting to work overtime and utiliz
The ftse 100 is dipping into negative territory. Switch up the board. Here is the yellen scorecard ahead of that speech. What a run it, has been on over the last few days. It keeps climbing. Yields for a look bit lower by two basis points at 1. 86 . Is fascinating. We have a little history of what we might hear. Is speaking in singapore and talking about the dow plot. He said today that he thinks it is still a good idea to have the dot plot. He wants to wait and see if it wasnt a mirage. Jonathan i find it fascinating that Monetary Policy has been reduced to some dots on a piece of paper. Anchor i understand what you are saying. You caught up on the latest headlines with your numbered first world ms. Bloomberg first world news. The government has and access to data on an iphone used by terrorist. The government compelled apple to help. Police say a man was shot after pulling out a gun outside the u. S. Capital. Good in pretty condition. They believe the man acted alone. The suspect has
In new york. Time in five days, we are in the green. And jim glassman joining us at 8 30. Where are we now . It is a good question to ask on a thursday. Francine it is, and we will look at emerging markets. Here is natural. Nejra britain is going to the polls, london will elect a new mayor. Financed his own race through the republican president ial primaries. Now that he is the presumptive nominee, that will stop. They will raise money for the general election by supporting two people familiar with the plan. Top aides suggest trump may need a billion dollars. In turkey, resident erdogan has won a power struggle that sent Financial Markets plunging. The Prime Minister is expected to step down this month. The two clashes between have undermined confidence in turkeys market. Russians will create three new divisions, about 30,000 soldiers that will be stationed in the western and Southern Military districts. Nato is expected to send troops to poland and the baltic state. Forced 80,000t peo