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
Good thursday morning. Welcome to squawk alley. Im jon fortt with carl quintanilla. It is cloud week on squawk alley. If you were betting against snowflake, wur oyoure out in t cold this morning. That stock up is 12 same for Cloud Security and authentication specialist okta were going to talk to the ceo to see if this thing may stabilize from here or go higher splunk, that is the sound of a cloud stock dropping 22 after missing Sales Guidance for the third quarterer in quarter in a row. All this happening as amazons cloud conference is in full swing. Salesforce announced the second Biggest Software acquisition ever and we started the week on squawk alley talking to ibm president Jim Whitehurst who came to big blue in what and is still thelargest Software Acquisition ever redhat driven by a hybrid cloud. Julia, investors are betting on further growth from already heady levels we can certainly see that in what is happening with snowflake this morning it is reapproaching the highs that so
The nasdaq on track for a 5th week worth of gains here and the dow is erasing its losses for all the year at its highest level since late february, its also having its bests august since 1984. We turn to the Investment Committee for this we have just been seeing green, green, green for it seems like weeks, if not nonts months at this point it is surprising the markets have marched higher the way they have over the last several months since the pandemic lows its not all surprising all the factors were looking at from the fiscal side, the monetary side and the virus side are lining up in support of equity just think about what happened with chair powell yesterday and the historic announcement he made about departure from the prior inflation targeting regimes to this averaging inflation concept. What does that mean . That means rate will be low, low, low for the foreseeable future we think thats two years from now. That is very support ifr five f valuations then you have this fiscal stimu
My name is beri meric, cofounder and ceo of iv. Is my pleasure to introduce all of you to alex kantrowitz. Hello, how are you today . Im doing great. Take you for having me for this. Im really excited for it, weve got our members from across the world joining us for this conversation. Ive been talking about it nonstop over the last few days to the point of annoying white if you friends. Were all very, very excited to learn from you today, so true might everybody the context of a conversation today, together with alex were going to be learning how to compete in the world where no advantage is safe. This concept of always they want is something we can all benefit from. With alex started writing this book im sure he wasnt exactly expecting it to be released in the midst of a pandemic. However, in my view this topic could not be more relevant especially these days when so many of us are forced to have that day one mentality. Help us kick off, alex. Id love to ask you, what you found to be
One is something that we can all benefit from. When alex started writing this book, im sure, he wasnt exactly expecting it to be released in the midst of a pandemic. However, in my view, this topic could not be more relevant especially these days when so many of us are forced to have that day one mentality. So to help us kick off, alex, id love to ask you what you found to be so important about this topic that you wanted to focus your sights on really going deep, interviewing some of the leading ceos and also workers at all levels of Tech Companies. How does it fit into your overall journey. Yeah. So im a reporter here in silicon valley, and i cover the tech giants. And im a reporter that comes in with a slightly different background. Instead of going the journalism school, i studied Industrial Labor relations. And sort of put that in the back of i my mind, but really ive always focused on culture, organizational behavior, how companies are led, how work is structured. You know, thats