I think everyone would agree, tgif, not from the dows perspective. All in all, we were up 13 on the dow, and the best week since 1938 and that is cold comfort given what weve seen and we are down thousands of points from our high just one month ago and the dow losing 115 points today. The benchmark tenyear treasury note ended kind of where it began at 0. 7 . When you throw a couple trillion dollars like the fed is at the bond market maybe you will see a move, maybe not, and continues to fall, and it is moving around after hours. Oil stocks falling across the board as well today. The average oil stock in the United States is now down 50 this year and theres a lot more that are down each more than that welcome. Options action will be on at 5 30 as well and our group has been resilient, and that is guy adami, tim seymour, and we are proud to welcome victoria fernandez who is in houston. We will get to all of the traders in just a moment, but we have breaking news on General Motors really
We are rising to the highs. Down,hich is taken a leg has not taken a bite out of stocks. That has been unusual in recent days. Its been all over the map today and trading has not had a lot of rhyme or reason. There has been a lot of talk about russias saying its going to talk with other opec producers with opec producers about cutting production. Then some holes are poked and that. That happened earlier in an oil went back up again and then it went down again. Take a look at my terminal to compare what happened intraday between stocks and oil in yellow. Stocks taking a leg up. That is really different from what we have seen of late for u. S. Markets. I want to take a look at the groups on the move. Energy is the worstperforming group. Today,ogy is really back up better than 2. 5 . It is not just tech. Notable that stocks are holding up despite that oil downturn. Scarlet we are ending the month on a strong note. In terms of january it has been pretty ugly. Julie it has. The rally we hav
12 months. Check things out this morning, if you want to see the knee jerk reaction to some of these things, youll see already the futures are indicated higher. We knew the republicans were likely to whip, but if you take a look, there were some this was what you would absolutely call a wave with some races that hadnt been expected to go their way going their way, as well. Dow futures are indicated higher. S p futures up by close to 7 points. Nasdaq up by 16 points. As for the bottom, weve been watching oil closely once again. It is down again this morning, down by about 31 cents. 76. 88. Thats about where we were yesterday at this time. This morning, the tenyear looks like it is yielding. I cant see it because theres a line over the one place where it says 2. 35 . The dollar this morning at this point looks like it is up against the yen, up against the euro, up against the pound. Euro is trading at 1. 2484. Dollar slrn yen, 1114 and change. Gold prices look like they are down, as well
Residents bracing themselves for 20 nonstop hour of bass thumping, technodance music. Beyond wonderland rave roars. With those dancers dressed as animals come a host of problems not the least of which is noise. Peggy bunker live in Mountain View where the festival is really beyond. Reporter you can say that again, jessica. Didnt take us too long to fie neighbors who groaned at the mention of the rave. The memories from last year too fresh where the music didnt seem aimed at the amphitheater but at their neighborhood instead. Get ready to rave. The allday into the night beyond wonderland Electronic Dance Party returns to the shoreline amphitheater this weekend where People Living nearby say it is a wonderland all right of noise. It was crazy, just crazy. It was piercing. Piercing. I heard the dogs left their houses. According to police, last years event brought in 100 arrests and 140 noise complaints. I had never heard shoreline that loud. Never. Police know this rave is different from
Becoming the event t watch out for. 10 is where its been a couple of years since we have had an event like this. By now you probably know im scott wapner today in for bill griffith. It was a White Knuckle ride with triple digit moves and norm rather than the exception. Certainly the case. Take a look. Calming down a bit and not at the nasdaq and tech stocks taking tonight chin. Semiconductors, Morgan Brennan joining us now with how things look at a pretty wild week. A wild week for the nasdaq composite and closer to the close the selloff is accelerating here at the nasdaq. Down at fresh lows. 1. 4 so far for the day and on track to log a 3. 5 loss for the nasdaq this week, the third consecutive week of losses for the nasdaq. Semiconductors leading. Weak demand in china. Thats pushing all of the chipmakers lower, including texas instruments, micron and intel, a large cap name that tends to drive the nasdaqs performance. Thats fueling fears over Global Growth and thats in turn setting ot