Levels. After a quiet morning, momentum picked up midday thanks to gains in financials and material stocks. Investors are betting the new administrations policies would support growth and inflation. Today, the dow added 65 points to 19,614. The nasdaq advanced 23. And the s p 500 was up four. One of the hottest groups since the election has been the transportation sector. Tonight, Morgan Brennan explains why. Reporter transports keep on trucking, driving the prospects for Stronger Economic growth. Infrastructure spending and Corporate Tax reform, which investors seem to believe outweigh the risk of for protectionist trade policies. It didnt just about the election. The Dow Jones Industrial average has rebounded off january lows when economists were warning of recession. For the year its poised to gain 25 . The biggest winners, trucking names including landstar rider and jb hunt and rail stocks like csx and union pacific. Many of them are companies with big exposure to industrial produc
Levels. After a quiet morning, momentum picked up midday thanks to gains in financials and material stocks. Investors are betting the new administrations policies would support growth and inflation. Today, the dow added 65 points to 19,614. The nasdaq advanced 23. And the s p 500 was up four. One of the hottest groups since the election has been the transportation sector. Tonight, Morgan Brennan explains why. Reporter transports keep on trucking, driving the prospects for Stronger Economic growth. Infrastructure spending and Corporate Tax reform, which investors seem to believe outweigh the risk of for protectionist trade policies. It didnt just about the election. The Dow Jones Industrial average has rebounded off january lows when economists were warning of recession. For the year its poised to gain 25 . The biggest winners, trucking names including landstar rider and jb hunt and rail stocks like csx and union pacific. Many of them are companies with big exposure to industrial produc
Cap russell closing at record levels. After a quiet morning, momentum picked up midday thanks to gains in financials and material stocks. Investors are betting the new administrations policies would support growth and inflation. Today, the dow added 65 points to 19,614. The nasdaq advanced 23. And the s p 500 was up four. One of the hottest groups since the election has been the transportation sector. Tonight, Morgan Brennan explains why. Reporter transports keep on trucking, driving the prospects for Stronger Economic growth. Infrastructure spending and Corporate Tax reform, which investors seem to believe outweigh the risk of for protectionist trade policies. It didnt just about the election. The Dow Jones Industrial average has rebounded off january lows when economists were warning of recession. For the year its poised to gain 25 . The biggest winners, trucking names including landstar rider and jb hunt and rail stocks like csx and union pacific. Many of them are companies with big
Around 1840 on the s p 500. Nobody was particularly talking about that as a technical level but we did see suddenly a raft of sell programs come in a little after 11 00 as we hit that 1840 level and the markets just dropped lower. There is two reasons why the dow is underperforming the s p 500. The first is that there are three dow components out with earnings and all of them are trading to the down side, not because they were necessarily terrible earnings, but investors sold right on the news. Johnson johnson beat but the outlook was disappointing. Travelers had a very good beat, good numbers, but their commercial lines have been slowing down. The other reason the market is weak, the dow is underperforming, is high priced stocks, stocks over 100, are weighing on the dow and having a disproportionate effect. We have had a lot of high priced stocks in the dow recently. There are now seven over 100 and four of them are now having a negative effect on the dow. Back to you. Bob, thank you