Investor john calamos here with his take on what investors should be doing right now. Could apple help pull this market out of the funk. Apple due out with earnings at 4 30. Well have the crucial numbers the moment they cross with the analysis they need. Apples results will be watched closer than ever. Regardless, it will have a huge impact whatever apple does because of the size of that company. It will have a big impact on markets tomorrow. Lets look again at this hour of where we stand. The tenyear u. S. Treasury yield is pretty flat. As a result earnings moving the indexes to some extend. We have caterpillar contributing in the range of 40 points to the dow which is up 47 at this hour. Take a look at the nasdaq. This the underperformer today and its the social media names which we have to watch. Its off about 0. 4 or 16 points. And the s p 500, as mentioned, is fighting to return to positive territory. You can look there at the chart and see this turnaround weve had since midday. L
Losses in about a month. Lets catch up with Mary Thompson and tell us about the tough week thats finally over. Finally over with a broad based decline. The dow and s p with low and nasdaq managing to post a slight gain for the week. Lets take a look at components that contributed to the declines and gains. Within the dow industrials Goldman Sachs was worst performer for the week. Its a new member of the dow but there was a downgrade by gugenheim and in general financials have been under pressure about concerns about a weak quarter this quarter for their fixed income areas. That put pressure on goldman as well as the rest of the large cap banks this week. Jcpenney was the weakest performer in the s p 500. Coming out yesterday with another Equity Offering that will severely dilute outstanding shares. The stock down about 30 for the week. On the plus, nasdaq, industrial materials, thats good news. Lets take a look at sectors that were weaker today in the otherwise down week. Consumer stap
The nasdaq has them all beaten, up more than 5 . Lets get with bob pisani. Bob . Its very popular for people to say mr. Bernanke didnt say anything new. But you know what, a lot of people seem to think there was something new here, the dow went up almost 200 points. Highly accommodated . Yes, its a psychological effect but its a big one. Tapering could still occur. The fed is going to keep Interest Rates near zero for a long, long time. Emerging markets, cyclical, intrastate move to the upside. Steady all day and a nice move up late in the day. A lot of that move was through the technology stocks. Take a look at the big leaders, microsoft with that organization, all of these stocks moving to the upside. Big day for cyclicals. Commodity stocks. Theyve had a terrible Second Quarter overall. Weve seen big moves in gold, copper, and silver. Housingrelated stocking, Interest Rate groups did good as well. Mr. Bernanke calmed fears of raising Interest Rates. Finally, i want to point out, emer
Were off the lows of the day but its the worst day of the market this year. Thanks for watching street signs. Closing bell starting in about two minutes. Or two seconds rather. Im not good at telling time. But ill be back tomorrow. And were into the final stretch. Welcome to the closing bell. Im maria bartiromo. Giving back much of the gains we saw on friday. And look whos back . I dont believe you hit 14,000 last week. This market doesnt look like 14,000 to me. Im bill griffith. What happened . The power goes out on the super bowl and on top of this super rally. Were on top of the first triple digit decline possibility of the year. Its something to think about in the final year here. Beyonce was that hot the lights went out. Whats behind todays moves lower are the earnings and the fundamentals behind this economy actually do not justify this incredible run for this market. Were going to hear both sides coming up on the closing bell. We will. Plus a realtime check on cloroxs company ea
Explain that. Also, one of the most hotly contested stocks out there due with earnings in about one hour from now. There it is right there. Herbalife, the stock is having a nice day oh, its having a nice year. Up more than 80 this year. Noted herbalife cynic, our own herb greenberg, is going to be here when the news hits the tape. Its the story that has many asking what in the world is steve cohen thinking . On the weekend after seeing his firm indicted, he throws a flashy party at his hamptons home. Its definitely legal, but is it smart . Well discuss that ahead. And the markets right now, lets look at where we stand on this monday on the street. Its been somewhat of a quiet day. Not a quiet week ahead of us, though. Theres the dow at this hour. It is down 23 points. Take a look at the nasdaq and the s p, as well. Were negative across the board. Modest losses as we await a whole bunch of news coming down the pike this week. Joining us to break down all of it in our closing bell exchan