Tenyear yields above 2. Fourth quarter gdp revised down to 2. 2, above estimates road map begins with the markets, shaking off that disappointing gdp number. As we kick off the last day of february. But the big question, could today be the day we finally see nasdaq 5k . Retails in focus, earnings miss, jcpenney shares down nearly 13 in the premarket. A better report from gap puts that company in the green. Return of the mac. Shares of mcdonalds up 6 in two days. Why its shares could hit the 100 mark for the First Time Since july. But first up Fourth Quarter Economic Growth slower than the government expected. Up 2. 2 compared with previous estimate of 2. 6. The nasdaqs up 7. 6 for the month and is within 13 point of 5000. The dow rising 6. 1 . Its on track for its biggest monthly point gain ever. S p up 5. 8. You dont get numbers like this too often. No. January was gloomy people saying, gee, as january goes the rest of the year. Completely wrong. We have Conference Call talking about
Upbeat on business activity. Recent data pointed to signs of a slow down. Meantime chinese stocks jumped to more than a fiveyear high overnight. Suggesting more government stimulus was ahead. And the New York Times reporting that the federal authorities investigating the october data preach at jpmorgan they are confident that a criminal case will be filed against the hackers. It means several of the suspects live in a country with which the u. S. Has a extradition treaty. The u. S. Is hitting the debt limit again. Jack louew will have to take extraordinary measures from defaulting on the debt. Well talk about that with ben white who is going to join us in a bit. And a few stocks to watch. Ge selling the Consumer Lending business of ge capital to an investor group. It carries an surprise value which includes debt of about 6. 3 billion. An a Clinical Trial shows that the heart drug can cut the risk of death another heart attack or stroke in patients that had a history of heart attacks cu
Back the last time we hit the high was 2. 75. Americas unemployed back then 6. 7 million, now 13. 2 million. The size of the feds Balance Sheet back then less than a trillion, now it is over 3 trillion. We will be talking about all these things, how we are similar and dissimilar to last time we hit those highs. Down at the nyse. Lets talk about the 10 stocks hitting the 52week highs. It is great news, lots of champagne. Nicole really is exciting for all the people who saw the dow at 6500. Some cases alltime highs. Today is a record intraday high, a record closing high. A day that goes down in history. David it wasnt all roses for everybody, jcpenney down bigtimebigtime, other stocks, t generally speaking we are across the board making history today. The nasdaq could actually end up moving a lot closer. This is a recordbreaking day. October 9, 2007 was the last day we came close to this record. Back then 14,164. Right now as you can see we are well above that. Of course, couple of years
What Does the Future Hold for This Long-Short ETF? thestreet.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thestreet.com Daily Mail and Mail on Sunday newspapers.