Nightly Business Report for tuesday, december the 30th. Good evening, everybody. Yes, only one more day left of the year. Im Bill Griffeth in tonight for tyler mathisen. As bill said one more year for trading and what a year for wall street with unprecedented gains. Broke through the 18,000 mark and topped 2,000 for the first time ever. Today, stocks ended modestly lower. Lost 55 points below the 18,000 level. Nasdaq to 29 and s p down by 10 points retreating from yesterdays all time closing high. Which sector saw the biggest gains this year . Topping the list utilities. Up 28 , followed by health care which rose 24 and Technology Higher by 21 . And tgs no surprise that the worst performing sector was energy with oil on track for the biggest annual drop since 2008. Telecoms were flat on the year and materials rose by only 6 . That struggling Energy Sector is where mark lousheeny sees. We turn to mark for his stock picks for 2015. Hes chief investment strategist at janny montgomery. Hi
Nightly Business Report for tuesday, december the 30th. Good evening, everybody. Yes, only one more day left of the year. Im Bill Griffeth in tonight for tyler mathisen. As bill said one more year for trading and what a year for wall street with unprecedented gains. Broke through the 18,000 mark and topped 2,000 for the first time ever. Today, stocks ended modestly lower. Lost 55 points below the 18,000 level. Nasdaq to 29 and s p down by 10 points retreating from yesterdays all time closing high. Which sector saw the biggest gains this year . Topping the list utilities. Up 28 , followed by health care which rose 24 and Technology Higher by 21 . And tgs no surprise that the worst performing sector was energy with oil on track for the biggest annual drop since 2008. Telecoms were flat on the year and materials rose by only 6 . That struggling Energy Sector is where mark lousheeny sees. We turn to mark for his stock picks for 2015. Hes chief investment strategist at janny montgomery. Hi
The dollar is stronger. Gold is down sharply. All the markets telling the same story. And there are plenty of investors talking, joking perhaps about the property that they are looking at in greece in italy, across europe because if you want to theres the euro dollar today up another 1. 5 . The low 10. 09. 109 1. 09. Extraordinary to remember a couple years ago when it was at 1. 40. That will have a huge impact on their economy and on ours as well. Book your vacations to europe. Europe is on sale this summer. With just an hour to go before the close, a steep selloff. The dow is off almost 300 points. Off 277 this hour. It brings it to 17,861. The nasdaq is off 56. 4,926 for that index today. Here we go. Time for our closing bell exchange. Dorothy weaver of Collins Capital is with us today. Formerly of the board of the Federal Reserve bank of atlantas miami branch. Jeffrey cleveland from payton and regal. Our even Steve Liesman and Rick Santelli santelli. Steve, Pay Attention here. Are
Recent study into the situation. While the industry was impacted by the richmond refinery fire and other issues, his data suggests gasoline inventories grew during the price spikes. Mccullough says refineries arent making all the facts public of the shutdowns. The startup and stutdown data needs to be public. We need to know why that is. We know more about artichokes than oil. There is a ton of information and there have been dozens and dozens of investigations with that question in california and on the west coast. Theyve found that supply and demand dynamics are what determine the price of fuels. An industry Spokesman Says refineries are playing by the fluls a tightly balanced market. Lawmakers say theyve got a lot of questions that still need answers. There are more hearings scheduled for the coming weeks and coming months. One thing that was revealed today is that refineries are not required to report to the state when they have scheduled maintenance or unplanned shutdowns. The sen
The nasdaq touch and go early on. Briefly dipping below into correction territory. But its now in the green, up better than a full point. In terms of the long bond yield on the tenyear note, treasuries and commodities, they are also on the move in todays trading session. After moving sub2 in yesterdays trading day, the tenyear note. The yield is now 2. 171 . In terms of oil, west texas intermediate is on the upside by almost 2 on the trading session. And gold is near a onemonth high, although it is in negative territory. So we have a lot ahead for you in this hour. We have every angle covered. Bob pisani is going to join me here at the nyse momentarily. Bertha coombs is at the nasdaq. Rick santellis at the cme. And skrjackie deangelis is over the nymex. Thats right, a very busy hour ahead. It was just one day ago that we hit the bottom in the dow and was off more than 450 points. Europe fueling the fears in the markets. Seema mody is in london. Michelle carusocabrera tracking those soa