Donald trump dismisses claims of the interference. We talked to policy advisers we talked to policy advisers this hour. About 30 minutes into the trading day. Abigail happy friday and we do have green for this friday. Happy friday to all of our viewers. Dow, s p 500, nasdaq modest gains. Asare on record watch perhaps a dallas marching higher toward doubt 20,000. It is worth noting that it has quadrupled. It will be interesting to see what happens as the day goes on the averages can hang on to the games today gains today. 1 after thee than Russian Energy minister did say all Russian Oil Companies will participate in a supply cut deal. Gold is getting a boost, nicely 1 ,er, down on the week of may have something to do what the dollar is up sharply. Now one chart that really stands out is a multiday chart of the twoyear yield. What a big move up. The last time the twoyear yield moved up was back on december 7. This is represented in red because it represents bonds selling off. Is a 16 poi
Some extent. We are seeing some strength in stocks today, although the nasdaq is trading lower. We have the dow and the s p not currently s p touched a record. Dow is currently trading at record levels. Catching up with what we saw the nasdaq jew yesterday. Interesting what we saw the nasdaq do yesterday. Opec unexpectedly struck an agreement on production and whether they stick to the agreement is a question. We saw oil have its biggest singleday gain since february. 48. 35 a barrel. We have seen a surge in volume for oil trading. Whether there was an opec agreement or not, it seems the where oil is traded, cme group a winner here. In terms of daily volume, the green circle is an almost 2 million barrel in a single day in terms of Oil Contracts traded. That was on election day. That was, as you can see from the chart, pretty clearly a record. As you look at all of the oil opec surplus capacity in terms of number of barrels a day, this is a fiveyear chart. We have seen the surplus capa
30 minutes into the trading day in the u. S. And hitting records already. Lets head to the markets desk were julie hyman is watching things. Three intraday records again. You can see the gains that we are seeing across the board. I should mention that the gains are on relatively low volume still. The s p 500s volume is to percent below a 30 day average. It is 20 for the dow. Both of them seeing relatively low volume. Theou look at the s p since most recent lows back in july, you only got a gain of 2. 5 . A lot of the movement has been sideways but up enough to keep hitting these new records. Just a reminder however as we get into the dog days of august what last august looked like as we talk of these new records for the s p 500. Here is august 2015 and this is something the traders have been bring up more often. The fact that we did have that unexpected plunge last august as we had some economic troubles out of china and yuan refixing actions othere. Here was the sideways action going
Human drivers with robotic ones. 30 minutes into the trading day into the u. S. Julie hyman is on record watch again. Although at the moment it would be difficult for stocks to move less than they are. So little change in the averages at the moment. The dow jones down five points. The s p up half a point. None of them moving as much as. 1 at the moment. A tight range after the release of the fed minutes yesterday led to this revised review that the fed would be on hold at least through the end of the year. Despite this lack of movement overall, of course, there is movement with individual stocks. The big corporate story is walmart, raising its annual forecast, Second Quarter numbers topping estimates that u. S. Stores, rising 1. 6 last quarter. That was above what analysts anticipated. Target, whoowth at is falling for the second day, following their report. Outside of equities and i will get to more movers you have to watch oil. Rising for the sixth straight session. 46. 67 for this h
Between her views and donald trump. Lets head to the markets desk with julie hyman. Fore we have one record the moment today. That is the nasdaq, trading at least on the record on a closing basis at the moment. It did not touch the intraday record, but the number to beat actually, not quite at the level, but the numbers 55220 5. 48. Thes p 500 also touched record on the closing business and came back down and the dow jones a little ways away, but coming back, fairly broadbased rally, Consumer Discretionary and Energy Shares leading the way after turnaround in oil prices. Also watching a lot of individual stocks. This has been the story over the past month. Not a lot of Movement Overall on major averages but Dick Stockton moves. Lets talk about alibaba. The company has been diversifying, so on one hand, in thef 40 47 boost ecommerce business but that only accounted for 72 of revenue. It has been building their cloud business, just like amazon in the u. S. , and also building their enter