Dave. David all right, apple. The stock was getting a little pumped up by the suggestion by David Einhorn that they go out and do something with that 150 billion of cash they have. Well, guess what tim cook did . He poured water on that, calling David Einhorn a silly side show, and the stock didnt like that. Reporter he thought the whole thing was somewhat bizarre. He said that the idea of preferred shares and dividends was a creative one. David tim cook, dont fight the tape, dont fight the tape. Thats clearly what hes trying to do. Liz okay, and here comes that closing bell, and the bells ring on wall street. Didnt quite make that fiveyear record high, but here we go, were looking at green on the screen. Dow jones industrials moving higher by about a third of a percent, adding on once again. And look at the s p 500, not quite at 1520, but you could call it pretty much there, 1519. The russell 2000 looking rather healthy, up half a percent. Its the nasdaq dragged down, i would say, by
Melissa not that she is bragging or anything. [ laughter ] ashley good for you. Melissa thank you. Ashley good afternoon, everybody. I am ashley webster. Melissa i am melissa francis. The Housing Market kicking into high gear. Ashley zillow economist weighs in on which market is best for buyers. Melissa we will ask the ceo of citi mortgage. Ashley whiteout conditions expected to last well into tomorrow. Time for stocks now as we do every 15 minutes. Nicole petallides is standing by. Nicole last friday we closed out 14,009. That is our highest close in five years. While we are not too far off from that, about 20 points, we would still have a losing week here on wall street. It certainly feels full force here. People are trying to figure out how they will get home later. The tech heavy nasdaq is the best of the bunch. As you noted, with the snow, many places closing their branches. I want to take a look at a oneyear chartier on the dow jones financials. Inventory of furniture, automotive
Margin. Take a look at the others, yes and be well above that percentagewise up about 1. 25 . The nasdaq up even more percentagewise. The winner today or the russel russell 2000 large and midsize cap. Liz when you take it all apart and you coul compartmentalize a, take a look at wells fargo moving higher by 3. 75 . Citigroup better than four percentage points. Bank of america is the biggest gainer hitting a 52week high. David Energy Stocks rising as oil climbed about 0. 37 to settle above the 87 mark. Energy sh giants chevron and coo ending in the plus. Liz consumer names getting a boost. Adding time warner, walgreens, we just spoke, this is of course a consumer staple that people have loved along with names of her shoes. Gettinhitting repetitive 52week highs. David apple, the ceo says he has a responsibility to create jobs, but how about creating shareholder value, where should the focus be after two months of a 25 loss of share value, should that be the target of tim cook and apple .
A proposal seeking to eliminate a hefty price tag for New York City renters is drawing fierce opposition from the real estate industry. Currently, city renters are often on the