Similar to those of the financial cririsis less than a decade ago. Then a funny thing happened on the way down, stocks reversed and all started to seem right with the world. Whats next . Reporter so after what started off as one of the worst starts to a year for the stock market in history, were right back to around flat for 2016, give or take a few points. Bulls and bears are feeling pretty good about their respective cases. After dropping 11 , the trend of bouncebacks has continued for the large cap s p 500 index. However, the parts of the market that are leading the way higher leave a lot to be desired. The biggest gains have come from high dividendpaying sectors like Telecom Stocks and utilities. The sectors that investors flock to when theyre worried about the economy. Some are optimistic about the market assuming some big negative factors change course. Remember the biggest negative last year, there were two. Declining oil and the rise in the dollar. Both those things at least fo
A new potential revenue stream for twitter. The Company Announcing a new video ard strategy, looks very similar to you tubes. We will discuss whether this could help turn the struggling social network around coming up. Elon musk has harsh words for apple, calling it the tesla graveyard. Yes, his words. Fourown grades for his company this week, is musz k getting scared of increasing competition . We will discuss. Tough week for tesla and elon musk. Lets start with the big moves. Weve been seeing in oil Jackie Deangelis monitoring the activity at the nymex. Good afternoon. A choppy session for oil by all skts, moving back and forth between positive and negative territory. We did close a little higher on the day, 49. 63 our intraday high 50. 92. So several days now making an assault on that 50 range. When will we close over it . Your guess is as good as mine. Having said that is correct the experts are still pointing to the fundamental story. We did see a decline in rig counts but when wi
The netherlands. Yeah, were watching that story today. Also today on the fourth anniversary of the controversial dodd frank financial regulation, the two authors of the bill are here exclusive. The law by many measures still incomplete in many areas. We will get the reaction of chris dodd and barney frank to where the bill stands today, the impact that its had and a lot more. Looking forward to that very mu much. Also, netflix bucking the trend today, trading higher by about 1 ahead of earnings that are due out about an hour from now. Netflix kicking off an avalanche of major earnings from some of the biggest and most Influential Companies on wall street. We will have the numbers, we will have the analysis, the market response, all of that that only closing bell can do, so dont go anywhere. Yeah, were really getting into the thick of earnings this week. After hours today. It picks up tomorrow morning. A lot to watch for. Heres where we stand on the markets right now heading toward the
Points. At 1969. Bouncing off of some pretty strong support according to some traders today. The nasdaq has done well. Up 54 points right now. At 4484. Lets show you the russell. Thats been the laggard lately and it is again today and 1 gain. You cant quibble with that. Trading at 1107. Just a little context there, perspective. I think that the s p and the dow about 2 away from the record highs. Right . So, you know, keep on watching until the close because these markets are absolutely soaring today. After that better than expected payroll number this morning so the move coming two days, though, after 200point drop. Remember that move telling you about . We want the know what you think and whether or not you think the selling in this market is overfover for now and let us know what you think. Showing you that vote as you can see discussing things. Yes. We call it i pow wow. Yes, we do. Joining us now on the closing bell exchange, sunny, rob morgan, doug gordo and of course our very own
Of the last 12 sessions. Were keeping an eye on oil. You saw that a moment ago on power lunch down to 48. 80. Its been the worst performing sector on wall street so far today, kelly. Meanwhile, huge news. The fcc voting to regulate the internet like a public utility. Well hear about the opposing views on this controversial ruling. Plus, a big lineup from d. C. Alan greenspan and sheila bair and Richard Trumka. Well get you caught up on the dow. Its down and s p is down 9 and theres the nasdaq. Yesterday, the first minus sign that weve seen in a couple of weeks but up three points. Joining me at the New York Stock Exchange kathy jones from charles schwab. We have Heather Hughes and jim lowell is with us today without a bowtie i dont recognize you. Doug gordon and welcome back Rick Santelli there in chicago. Ill start with you, mr. Market. While you were gone we had the testimony from janet yellen the yields continued lower, oil continued lower. What is the market telling you as you come