Territory record territory. The nasdaq worth keeping an eye on inching closer to 5,000. Its been the outperformer. We may be talking nasdaq 5,000 by next week sometime. Lets get to the Closing Bell Exchange exchange. Kim forrest is here, so is Peter Andersen from Congress Wealth management. Kevin carrone, ben willis from princeton securities joining us on the floor and Rick Santelli is in chicago. Lets start with Michelle Carusocabrera. Is she there . Im here yeah. So we have an agreement of sorts. Its just an extension, but do you sense were making some Real Progress this time around . Well the headline is that the greeks have caved on nearly everything it appears. They were never going to be subject to more reviews by the eu, the im f, and the ecb. Now theyre going to be subject to reviews by the eu the imf, and the ecb. They were never going to agree to commit to the current program. They have agreed to commit to an extension what happened to all the saber rattling when the new regi
And it doesnt look like well see nasdaq 5,000 today. Before all of this point talk the nasdaq 5,000 was the level we were really watching. Of course, we dont know what can happen in the final minutes but we are off 22 points on the session which puts us what do you say, about 35 points away from that key level. Again, the record closing high is about 5049. Not going to get there at the end of the february. That gives us a target for march. The same day, possibly, bob that we hit that level previously in 2000. Meanwhile, the biotechs have been a leaving driver of the march to nasdaq 5k. Up nearly 300 over the last five years. Some see a bubble in the sector. We will have a debate. And word came just a short while oak aboutago about the death of Robert Benmosche. We have about an hour to go. Lets get more on what has been a huge month for stocks. Joining our Closing Bell Exchange we have. Beth ann from s p and mike mcqueen of high tower. Of course, Rick Santelli always joining us. Mike,
Look at the other markets as well. Weve got the nasdaq, the russell, and dow transports for everybody to keep an eye on. The nasdaq having a great session, um 1. 25 . Good enough to puck it back at 5,043 for the level the. The russell, the small caps doing pretty well, up almost 1 or 11 points. The transports are lagging a bit, up half a percent. They have suffered this year, especially, coming back a lit there will. In the midst of all this real action, there was a seemingly phony bid for avon. Halted shares of the cosmetic maker. More on that story later. What a crazy story that was midday at the New York Stock Exchange. Lets get to our closing bell exchange, talk about this rally the Economic Data, and a lot of other things. Heather hughes from sun america funds joins us today. Jacob jordan from hd best Financial Services with us, jason tried from glen meade is out there and so is Rick Santelli. Rick, youve established that you believe the rising yields in the treasuryies is what yo
Off 20. 6 and the nasdaq, thats the one thats off 39 as you can see right there. Also keeping an eye on the small caps. Flipping through and looking for the names as they get more attention on the valuation here and more and more people want to play these as a way to protect themselves against some of these external currency moves. Watch this index for signs of overvaluation or a pull back. Whats calling the shots today . Oil has been continuing to move lower on more evidence of ever higher inventories in this country. Were still just pumping like mad and filling up coffers around the country, so the price of wti crude is now at 45, and brent north sea closed below 55 a little while ago. And, oh, by the way, the dollar continues to move higher as well. So were now at 1. 05 at this point. Look at the round number on the dollar index. 100. It was not that long ago this thing was trading in the high 70s. A huge move. Again, a lot of that is against the euro but its not just the euro its o
That long to come back to an alltime high. And lets all remember the last time we were there in 2000 we felt like we were at mt. Everest at that time because it had gone straight up. And it didnt take very long for it to come plunging back down to earth although this time is different. A lot of people looking at the valuations and a number of reasons. Well talk about then and now. Also something to note heading into the close, quadruple witching. The expiration of four different options contracts to make for a bumpy ride and exciting and higher volume ride into the close. That is what could put us over the top for the nasdaq today. So well watch that going into the final hour here. Lets show you how were doing otherwise for the major averages. The dow is up 233 points. Thats close to the high for the session right now as a matter of fact, up 1. 3 . And the s p is up 24 points now at 2113. Lets get to our closing bell exchange. A lot to talk about our guests today including jeff reeves