Place. You can see the dow closed unchanged. Up marginally. The s p 500 gaining a little bit in the nasdaq lower. Certainly a little tension in the tech stock. Scarlet lets dig deeper with our markets reporters. Abigail, what are you watching . A look at the russell 2000 you were looking at. The worst day in a month. At the close, the worst day of the month. Heres a chart we have been looking at for quite some time that initially came from oppenheimer. At that time, they were making the case that if the russell 2000 appears above 1600, that would be a bullish sign. For all of this year, we have been below that 1600 level, although yesterday we did go right above it on a slightly rising moving average. The rsi is now going back into the range from oversold. It will be interesting to see whether they can pick it up and ring the russell 2000 closer to alltime high. About 10 relative to the s p 500. We may continue to see a offer small caps. Off for small caps. Intop and bottom line coming
Staggering. We will talk to the head of the National Organization for Rare Disorders about the scope of the problem but you might be surprised as i was. We will talk to the ceo of a Company Working in this area about the process for getting treatment approved and a look at some of the stocks involved in this opportunity to invest in Companies Working to treat or even cure these diseases. First, a check out the markets. The stocks are mixed following the latest on inflation we got this morning. We have the nasdaq composite up about 6 10 of a percent. The s p 500 a pretense. Nasdaq just about flak to the downside. Les is bringing like santelli for more on the reaction to this mornings pce number. It was about what we had forecast but still hotter than what the fed wants to see. I would characterize the market response as mild relief that it was not a surprise forecast. Weve had two or three in a row. They could come in hotter than anticipated. This was at least on target. It was warm in
Half hour from now it looks likes the s p may be down ever so slightly. European markets were in the red last time i look thank you for spain and for italy, maybe one day well even get a look at the bond market. The tenyear note yield is important right now, particularly given that 2. 14. Wow. Wasnt it supposed to be a 3. 14 yes, i think they were talking around june, at least 3. Not the case a big story were going to talk a good deal more about is oil. Lets get to our road map and start you out with some stocks oracle, shares are up sharply on earnings well look at whats moving that stock. Later, by the way well have an sclouf on interview with mark hurd they want to take a major stake in American Airlines, what is that all about . Smoke em peace pipe . Well try to figure that out to the best we can by the way, what as to yim cramer and Homer Simpson have in common adobes ceo shows us. Hes game. Hes got a demo of its newest product. I want to see that. We have so much to talk about, i
That conversation got hijacked and turned into diversity. As a result of that as many challenges as other immigrant communities of color face indians are doing okay in blacks fall further behind because its promised that diversity would help everyone including the adjudicated victims of slavery hasnt come true. Diversity is more helpless you know these diversity priorities. They skimmed the top of the asian and indian and other communities and low income blacks fall further and further behind and we say look at all this diversity. Blacks who suffer from jim crow fall further and further behind. So while yes you do need to have this multipolar conversation there is a blackwhite conversation that needs to be had. We need to have both of them. [applause] all the conversations about the conversation about race. We have to wrap this guys because you are getting tired. I can tell because im getting tired and im people like you are. We are going to move to where the book signing is happening.
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