At a record high for the dow the s p set a record high on friday up another 30 points and the nasdaq, an underperformer last week, is indicated up by close to 60 points stocks have been on a big run. If you look at last weeks returns the dow was up just over 4 last week the s p was up just over 2 . And the nasdaq was down only by half a percent you are talking about the third week out of four that is seeing negative returns and that has been the underperformer. Really across the board a lot of strength the russell 2000 hitting a record high last week and big, big moves. Remember, its only been a week since weve heard from pfizer. That set things off especially ones underperforming as people stay home. The ten year is yielding 0. 885 . Joe, that was a wild ride last week, too, watching what happened with treasury yields. Potentially getting up to 1 but now were back where we started. All part of, i guess, reopening. The market given the backdrop i will talk about right now the market is
Without follows the ultimatum. It was given by the federal side on sunday, calling for the ground fighters to lay down their arms and render. A statement did 30 that thousands of to grain fighters had surrounded just a couple of days ago to raise leadership with disputing these claims. They said that their fighters werent surrendering, and they also disputed the the governments claim that the city was in fact surrounded. Health experts have raised doubts about the covert. 19 vaccine produced by British Drug Company astra zeneca, an oxford university. They say a manufacturing error during the trial process makes it difficult to assess its effectiveness. German chancellor Angela Merkel says coronavirus restrictions could remain in place and well into next year. Bars and restaurants are closed, but schools and some shops remain open while still be mandatory and busy public areas. The football world is mourning. The death of argentinian Diego Maradona who has passed away at the age of 60.
Some of those we have spoken to are saying that for example, my, when i made them cry out of happiness because he helped argentina win the world cup in 1960. But now were going to be crying out of pain. Another person told us that now diego, my brother, and i will be playing with god, but also the angels and the devils are going to be watching him play my little man. I want to has a crucial role in argentina. The president has Just Announced that argentina is going to have 3 days of mourning out of respect for the law. And now the Ethiopian Government stead line for the surrender of to graeme forces has expired. The federal army has surrounded to gross capital mccalla, and is threatening to use artillery on the city of 500000 people. Here morgan is in sudan near the ethiopian border with more on the humanitarian crisis. Authorities say that the number of refugees who arrive to this camp alone are much more than they were expecting. The numbers are in the hundreds and not the dozens as
Youtube segment. The coronavirus remains front and center the u. S. Reporting more than 90,000 cases in a single day for the first time ever. 59 minutes to go in this session, the week, and the month. We are down 3 on the nasdaq today. Ahead on todays show we will speak well break down all of these moves and speak with dan niles and see if he is buying any of the tech nims names on the dip. Lets get first to the market. Mike santoli is tracking the action for us. What stands out . Just in the last hour or so, the s p 500 did go back down and test this level everybody has been watching. We have been pointing it out all week basically the september lows, 3,230 and change we did hit it on the nose. It was a little bit of a tag and then bounced off that. Thats what a test looks like. You dont pass every test. Keep that in mine. It is also the june highs. Also the break even level for the year so there are understandable reasons why people are clustered in this area and decide whether thats
Inflation unexpectedly slowed any third quarter. It could add to signs that the rbnz could deliver more stimulus in the coming months. Rishaad we are at the moment drifting. Lets have a look at what is going on with some other Asset Classes and benchmarks. Bloomberg dollar index pretty much unchanged after gains overnight. 10 year yield, very little going on. Still 85 basis point. Hang seng up about. 4 . Shanghai lurching slightly lower. We do have this headline. 9. 9 i posting near 10 , rise in revenues between january and september. They came in at 671 billion yuan. That is huawei coming out with numbers. But really, we are just sort of drifting, arent we . Juliette we are indeed. Lets get a check now of the first word headlines. Stimulus negotiators in washington say they are moving closer to an agreement with nancy pelosi, saying they are just about there on a relief package. The speaker says she and Steven Mnuchin are close to agreeing how to allocate funds while letting schools r