Is standing by at hq. That was the best setup that was the reversal, now down 70, to 350some up point reversal for intraday dow. The big reversal you talked about has been driven in large part by a handful of stocks. First of all, good news. Lets start with that. Take a look at intraday quotes for biggest point contributors to the dow if you take a look at some names, overall, United Health, merck and johnson johnson. These names still in the green United Health adding about maybe 25 points to the overall mix in terms of the in terms of the dows point. Merck and johnson johnson, 15 points, 10 points, thereabouts so, those guys still buoying things take a look at these stocks. We mentioned these as the biggest point contributors of the dow near term. Were talking about boeing, United Technologies and caterpillar. Those stocks about 25 points is being dragged off by boeing just in and of itself 15 points by United Technologies and caterpillar, as of a few moments ago. These three stocks
Welcome to power lunch. Im melissa lee. The bulls are in charge firmly today. The index up triple did you get right now, up about a half percent. We are off session highs s p also hitting 2800 for the first time ever. Its a broadbased rally also hitting record highs. Heres whats moving this hour ge is down about 3 , teak a 6 billion hit related to the reinsurance biggs. Fellow dow member, unitedhealth going in the opposite direction. The stock is rallies and amazon take a look at that, trading at alltime highs. That is the highest on the street brian . Thanks, mel here is what else is happen, a Big Hedge Fund eyeing twitter. Greenlights taken a small position in twitter. Its not helping the stock, though we have called the energizer bunny. Now theyre getting into the rally, buying ray ovac with specter and were going to head live to the Detroit Auto Show later this houring to a look at the cool car stuff. Roberto pisani is down at the stock exchange. Seven days, and were running out ha
Jab holdings buying panera bread more than 7 billion. I hope you brought your appetite because power lunch starts right now. Thank you, melissa, and thanks to a big jobs number we have a nice little rally on our hands. The dow posting its biggest oneday gain since early march. The last time i checked just moments ago there was only one dow stock lower. That was Cisco Systems and it was barely down. Oil and energy a big driver as well. Crude may be off its highs of the day but it is still back about 51 a barrel. Banks and technology also big winners. One notable loser, though, valiant pharmaceuticals, now trading in the Single Digits down 97 from its highs of two years ago. More now on todays market action, bob pisani live on the floor of the nyse where the good continue to roll. Bob . Reporter and this is good times. This is a broad wrally, brian. 29 of 30 dow stocks on the upside. Ill show you how broad it is. Put up five of the big dow movers. You have Consumer Discretionary group, m
Good morning. Happy friday. Welcome to cnbc. Im sara eisen with don choo. Been in all week. Its been great to be here. Filling in for wilfred frost. Hell be back next week. It is new music friday. Kicking your day off with brand new brittany spears. Sounds the same. She can pump me up though. More brittany news later in the show. Lets check in on Global Markets. U. S. Futures another mini selloff yesterday. Importantly, the nasdaqs first back to bake daily decline in two months. Were flat this morning. Not a lot of risk taking going on ahead of the big janet yellen speech. Nasdaq futures under a tiny bit of pressure here. Health care has been a big story. That has dragged down the embassies. That has had a rough couple of day is. And the worst week for bio tech and health care. As for the tenyear treasury note yield, we hover around 1. 55 level. Will janet yellen cause higher yields is the big question. If she talks up the strength in the federal economy. The need to raise Interest Rat