Ahead. Good morning. A warm welcome to Worldwide Exchange. Im wilfred frost. Lets check in on the markets after a significant selloff yesterday. We lost 20 points to 30 points on the dow right at the close. Down 1. 4 , having been down 1. 2 for most of the final few hours of trading we were down 363 points. In the midmorning the dow was down about 400 points. The s p was down more than 1 . The nasdaq down just less than 1 10 out of 11 sectors were lower yesterday. Healthcare and energy were down around 2 . But month to date the returns are impressive in this final trading day of january the nasdaq standing up around 7 even despite those couple falls, and the dow is up this morning 74 points, the nasdaq up 20 points, and the s p up 9 points in the premarket tenyear treasury note, still above 2. 7. That crossing of the 2. 7 happening with yields rising, something that has concerned some equity investors. Yields about 2. 7 still this morning. President trump striking an optimistic tone in
For the s p 500, it was its 13th record finish in just 17 trading days so far. Earnings helped drive the blue chip index as some of the worlds biggest Global Companies easily beat profit expectations. They also said things are looking fourp the rhett of the year. At one point today more than 30 of all of the 30 dow components from at alltime highs. Here are the closing numbers. The Dow Jones Industrial average advanced 140 points to 26,392. Nasdaq fell nearly four, though. But the s p 500 rose by about two. Once again, the dollar came into play, adding some volatility to the trading day. Now yesterday we told but the dollars impact on the stock market after the u. S. Treasury secretary said a weak Dollar Benefits u. S. Trade. Today, other officials chimed in, including president trump. Heres steve liesman. Reporter it was a wild ride for the dollar today sent falling and then flying by comments first from a european officials and then from the president of the united states. European C
Is not often the way we end. On thursday and friday you werent here thursday and friday no. It continued. The bill murray bottom, which we were up 300 points on that friday, suddenly up 1200 points. We made back about twothirds of the losses. If we were to close down over 200 today, the dow would fall under 25,000 so were back to 25,200 again. The art cashin has the from a month ago where people were like, oh, my god it needs to be kept in perspective. 291 on the tenyear. Youll look at that later. That 2. 6 or 3. 0. What did he say he said thats the question 3. 0 is more likely. In asia, some markets are still out now. They have been closed because of the Lunar New Year the nikkei down by 1 . The hang seng down by 0. 78 . In europe, many of the markets are mixed. The dax is flat. Cac is up 0. 2 the ftse down by a quarter percentage point if you get to treasury yields, the tenyear is what weve been watching just below 2. 91. Home depot just out with quarterly numbers. Retailer reporting
I think that has been enunciated clearly by secretary tillerson. Mark he says while all options, including military force, remain on the table, he is hoping to have edible negotiations between the two sides. It came after the two koreas held dialogue over the upcoming winter olympics. Los angeles Authorities Say a 12yearold female is in custody in connection with a school suiting that left two students hospitalized, one in critical condition. Three others who were not wounded suffered minor injuries. Lieutenant Chris Ramirez says Police Received a call at 9 00 local time this morning. Victims,ocated a few they also located the suspect, who they quickly took into custody. Those students were transported to a local hospital, where they are currently under treatment. Said there isies no further threat at the school. Global news 24 hours a day powered by over 2700 journalists and analysts in over 120 countries. Im Mark Crumpton, this is bloomberg. Julia live from bloomberg World Headquarte
And apple and amazon lead afterhours gains after the iphone maker beats expectations and the ecommerce giant beats record profits. And sony reports its best ever Third Quarter profit and forecasts a full record year the results come as the ceo, kazuo hirai announces hes stepping down. Welcome. Lets look at these markets. The stoxx 600 is on the defensive, sliding by 0. 7 as you would expect, after the deutsche numbers, the banks are leading the losses here over in europe lets take you through Deutsche Bank very quickly. Posting a net loss of 2. 2 billion euros for the Fourth Quarter. Much worse than expected the yearend number was really the issue here almost a a500 million euro loss. The third consecutive loss for Deutsche Bank. Lets look at individual european markets, this is how they look. Broadly weaker as you would expect xetra dax is off by 1 cac off by almost 1 the ftse mib down by 160 points. The ftse 100 in terms of the overall picture is doing reasonably well. So the loss is