Nasdaq the dow also closing at a record high it looks like well open sharply lower. The dow losing 124 points right now, the s p down 13 nasdaq down about 44 what was weighing on the markets yesterday and probably today, the yield on the tenyear note 2. 584 right now thats the highest since march 15th a big move in the tenyear treasury yield thats challenging the equity rally today. The yen continuing its strength after the boj said it would continue its bond strengthening services the hang seng up by 0. 20 . Over in europe, right now at hope the dax down by 0. cac down by 0. 6 looking at the price of crude oil, highest level since 2014. Wti, 63. 43 breaking news this morning. Lets get to becky quick live in omaha. Good morning good morning. Theres breaking news from Berkshire Hathaway the company out with a statement saying that its going to be increasing its board of directors by two members to include two key members of its Operations Team who people have been looking at for a while
Closed lower for the first time in 2018. Some are attributing the decline to good Old Fashioned profit taking. Others pointed to nervousness that higher inflation could force the fed to be more aggressive when it comes to hiking Interest Rates. The result was a drop in stocks. The dow fell 16 points. The nasdaq was off ten. And the s p was down three. Investors are paying more attention to the bond market these days. Yields have been rising. That could usher in big changes for stocks and the economy. Steve. Reporter Interest Rates are rising, presentin a challenge to Economic Growth and to the stock market. But some look at the recent rise and ask, what took so long . The fed hiked Interest Rates three times last year. Budged. Tenyear bond yield if fell through much of 2017. It comes amid a report that china is rethinking how much it buys. It comes amid better growth, rising expectations, and a coming boost to the deficit bill, the tax cut bill. Yields are low. They should be higher. T
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Questions are good a lot going on all right the markets are crazy, becky what was that, 350 on friday, when it was all said and done. And strongly higher again this morning. Almost 200 and also well, well take a quick look heres a check on the markets u. S. Equity futures at this hour are, as you can see, 193 points indicated on the dow the nasdaq up another 25 the nasdaq shb dhad been diverg last week. Thats a big move that we saw, continuing buying, going on, across the board in this country. And actually in asia and europe, overnight, some strong Market Action and some interesting news in the tenyear note as well. But as you can see, the nikkei was one more than 1 point 260 points hang seng up sharply as well check out europe, green across the board, in europe, when i watched, at least looked this morning. Not the gains that were seeing here or in asia. But well see what happens this week as we move forward. Its only 6 01 and treasury yields moderating on the tenyear, which that you
Chunk of its most recent losses, thanksn part to todays nearly 400point gain on the dow. Concerns over Rising Interest Rates he taken a backseat, as investors refocus on Global Growth and corporate profits. Today the Dow Jones Industrial average advanced 399 points to l 25,7 by financial and technology shares. The nasdaq added 84 and the s p 500 was up 32. Bob pisani has more on the days rally on wall street. H the dow up over 200 points at the opening, closing up almost 400 points. Last week, stocks started strong atery day, but faded late in the day. Egan to reverse on friday, when stocks closed at their ed today. It conti this week was all about fed chairmans jay powells testimony o congressue onay and thursday, but the markets are telegraphing theyre not concerned hell be skroefrly aggressive about raising rates. The markets are very different in the lastrewo weeks com to the first two weeks, when stocks dropped about 10 in earlyebruary on concerns about higher Interest Rates, part