It will be another record close. On the week, the dow on pace for its first two week decline since august. Some who think this pullback we are seeing today and on the week could continue. This is a great chart that Katie Stockton shared with our new weekly charting segment earlier this week. This basically suggests we could see a bit of a pullback before stocks climb higher. This is the s p 500 in white over the last year. Katie is saying its likely to move down toward this area theed the cloud, perhaps 200 day moving average, a pullback of 25 before refreshing a year and rally. Year end rally. These are the big gainers on the week. Foot locker up 32 , mattel up 20 . Vision health care of 15 . Netap op onand earnings. Here onsee a decline the bloomberg dollar index, down. 7 . On the year, down more than 7 , on pace for the worst year since 2003. House republicans did pass that tax bill, perhaps a first step in an economic jolt. Some investors relative to the, dollar not too optimistic.
Julie hyman is in is in. Julie we are seeing a little in today, really a pause market of the moments. The dow is doing the best of the threeday averages. Things may heed up over the course of the week as we get more Economic Data and a dozen S P Properties are still scheduled to report their earnings tomorrow. Well be watching those. In todays session we are watching some of the last companies. Quest diagnostics and Lab Corporation of the americas. Late on friday, we got new information posted, final rates for medicare. They were posted late on friday and so they have implications for these companies. The final rates still suggested 8 . Cut to the revenue in 2018. We are seeing a minute drop today. We are watching a big deal in the retail industry, or at least an investment. Alibaba, 2. 9 million is how much it is paying to buy 2. 9 billion is how much is paying. Walmart is down. It operatesbed, about 400 hypermarkets. Are seeing those companies trade accordingly. Also checking on home
In u. S. Stocks. All three major averages touching closing records. The nasdaq the only other three to also trade at an intraday record as we see strength on this day when we have a smattering of earnings reports to keep an eye on. That is one of the things helping boost the stock market. Also in the case of the stock market, technology is outperforming. Word aboutsay a volume. One of our chart masters cooked up this chart. Here is the average volume if you go back over the duration of the bull market. Here is this year in white. And the low of the bull market is here in red. 2017, volume has been running well above average. It started to arise a little bit, but again, still below the average line. Something to keep in mind as we enter this latest stage of the bull market. Back to earnings, i mentioned a smattering of them today. Tocks are rising, helping support overall gains in the s p 500. The packaged meat make a harm ormel, theiret h averages up 2. 5 . Medtronic coming out with ea
With breakingt news that cost the terminal, President Trump spoke via telephone with the Vladimir Putin, what is the latest . Oliver Vladimir Putin just met with the president of syria, so that is what he has on his mind when he wanted to talk about. They wanted to talk about how to get a diplomatic solution to the ongoing war in syria with mass casualties. Obviously, president putin is in line with the president of syria. President trump fired missiles into syria as he does not like what theyre doing, but they are hoping their relationship can read to some kind of diplomatic option. They also talked about ukraine, iran and afghanistan, according to the white house, but that is the top topic they were focused on. Andry president putin President Trump in the sidelines of that summit in vienna. Lets turn to that at t and time warner deal. It is pretty rare when it does not involve direct competitors, why are we seeing this now . If you ask critics, they will tell you they believe that in
On that. Lets check on the euro. 117. 5,nce coming in estimation was 116. 7. You can see the leg up for the euro at 11858. If you break it down, he will have the current confidence. You have the Business Climate to get that pretty much in line, a touch better. Thats why we are seeing a bit. F an impact on the euro 118. 50 one. 1858. Nine 30 a. M. London time, we talk about the housing luxury ceo in london, with a thats a 9 45. Lets get straight to bloomberg first word news. Here is at ludlow. Germanys Opposition Party is opening talks on backing a government led by chancellor Angela Merkel. Social democratic secretarygeneral says the department of ready two start the discussion. The is it and eight hours of talks at the s of the leadership that wrapped up this morning. U. K. Officials have tried to accelerate brexit negotiations by suggesting that rather than wielding a veto next month, ireland could hold fire and block a final accord. Avoid a hard avoiding a hard border and island is