Equitie been getting pushed around and by Interest Rates amid concerns the solid Economic Growth we have seen could force the Federal Reserve to raise inrest rates more times than answered this year. But a report released today by the central bank appearedo alleviate some of those concerns. And thats when stocks took off. The dow a closed its high of the day, up 347 points to 25,309. The nasdaq added a very strong 127 points. The s p was up by 43. And todays gains helped the major indexes close higher forn the weekhat a week iwas. Here bob pisani. Reporter stocks drifted steadily higher to tth close he dow up more than 300 points. Every day this week weve seen some big intraday swing. Stocks would rise at the open, peak in the milled of the day. There was often not a lot of news o there. Today the rally finally held up. Ower bond yields were a help throughout the day. The dow, which dropped 2500 points, in a little more than a week earlier in the month has recouped from its losses. A r
Closed at a record today after a rocky day of trading. It moved in a wide range. It rose more than 180 points on the open this morning. Downs that down about 100 points mid afternoon. Early optimism fade after a top apple analyst questioned their future. Shares of apple fell. The rest of the tech sector followed. And it capped gains for the market as well. When all was said and down the dow rose to 26252. The nasdaq was down by 45. And the s p lost one point. General electric didnt help matters. It was the worst performing stock on the dow index falling 2. 5 after disappointing quarterly results. And they had another surprise for shareholders. Call it another kitchen sink quarter. General electric missed expectations and announced an s. E. C. Investigation into their 15 billion insurance charge. They are saying the investigation is early and not unexpected given the magnitude of that charge. Still it spooked wall street. Even analysts with buy ratings on the stock found little to be op
Theyre about to make a big bet on all Day Breakfast. Will this be the move that finally turns things around for the fast food giant . Or is it just too little too late . We have both sides of yet another heated debate on mcdonalds. Everybody, you either love it or hate it right now. Nobody is lukewarm on mcdonalds these days. A lot of people like breakfast for dinner. We will see. That big selloff in commodities. Keeping an eye on that for you. Gold seeing the longest losing streak since back in 1996. Well discuss whether the strong dollar and the commodity drop could actually delay a fed rate hike. Oil just closing below 50 a barrel. Well start, though first with the tech sector. Getting hit the hardest today after apple and others reported disappointing Quarterly Results yesterday. Apple and microsoft are the bottom performers on the dow. Yeah we had those two plus go pro and yahoo. Theyre all down today. And go pro now has turned positive. It got slammed hard initially after reporte
Four trading sessions with yesterdays strong gains. Now the major u. S. Averages all turned positive for the week. The nasdaq now positive for the year. Check this out. The dow and nasdaq are now on pace for their best week in a month and a half. Stocks are now out of correction territory sitting less than 10 from record highs from mondays intraday low. The dow is now up 8 . If you had caught it at the bottom this would be a great week for you. The s p has risen nearly 7 . The nasdaq is 12 higher. We should give kudos to our friend that had those dates. He said this was the week. Remember he had the exact dates . You were out. I was probably out. I think i was out. I wasnt here. Assuming this holds up. We dont know. Like yesterday i was checking from time to time and i was in a place that i didnt have wifi. It was that fake out. Up 2. 5 and then all the way down to less than. 5 and then back up. Youre thinking i bought into this and now its going to go down and ends up going up 360. It
Krystal, fill us in. So temperatures arent quite as bad. Showing off feels like temperatures all in the teens and in mt. Pocono the feels like temperature dropped down to one degree. Today the temperatures you see are the temperatures youre getting because winds are very, very light. Thats really helping us out. Were at 32 degrees in philadelphia. 29 in millville. 29 in wilmington. Pottstown youre at 24. Allentown, 27. And thats the same in lancaster at the Atlantic City marina, 36 degrees. Some of us are actually right near or a little above freezing. On our radar and satellite still cold and we do have clouds. Yesterday afternoon you may have noticed the cloud coverage got widespread, a milky sky we had overhead. This is going to be the same to start our day today. So youre going to start with some clouds but you will see more sunshine breaking through in the afternoon. Take a look at the temperature trend over our morning hours. Well go from freezing to about 37 degrees at 9 00 a. M