The market. Big surprises already this year, in this young year. Gold and treasuries not acting the way anybody thought they would. Absolutely. Speaking of earnings, its a huge day for earnings today. The biggest day of the season. We get some big names after the bell that could have an impact on the market tomorrow. Amazon and google will be out with their results in just about an hours time. We will get you the numbers first. We have a ton of experts standing by ready to break it all down. These are widely held names. Gotten a lot of read through. No doubt about that. The neverending search may be ending. Our partners are reporting the microsoft search for a new ceo could be coming to an end within the next week. Who could it be . Whos behind that question mark right there . Why is it taking so long . And a reminder, heres where we stand across the major indexes right now. The dow up about 110 points. Its off session highs. The nasdaq adding 79 at this hour. The s p 500 up 21 points.
Jims alma mater harvard set to face cincinnati. So far, it looks as though stocks will open to the upside, as markets appear to be taking in stride crimeas vote in favor of leaving ukraine and joining russia, this comes after a week in which the dow had its first fiveday monday through friday loss since may 2012. Jim, good to see you. Good to see you. Referendum dominating the news flow over the weekend. U. S. Says under no circumstances is it going to recognize that. What does it mean for the markets today . I think that whats happening is there are oligarchs cashing out. We see a lot of sales of treasury last week. I have to believe that some of the russians are to be thinking, okay, if they do capital controls, ive got to get out of the u. S. , that was a lot of the selling. This was one of those big, bad event owes cs occurs, nothing h. I think they hope it go as way. I think people hope putins done or maybe hell say, look, i think that maybe its reasonable for me to have a corrido
More normal approach to monetary policy. The nomination is set to begin at 10 00 a. M. Eastern time. In the meantime, outgoing chairman ben bernanke says the central bank will remain alert to preventing inflation from declining too far from its goal of 2 , falling too far below that. Were going to talk about the future of the central bank with greg ipp and ir neil irwin in the next hour. He says he expects to taper in the next couple of months. Beyond yellen and the fed, a few other economic event toes watch today. We have weekly jobless claims at 8 30 eastern time. At the same time, the september trade deficit hits and Third Quarter productivity and labor costs. Futures at this hour well, you have to remember yesterday we did see things closing at record levels for both the s p and the dow. Nasdaq closed to a 13year high. But with that news from cisco, you can see futures from the nasdaq ended down by 6. 5 points, now durchs up by 26 points and andrew, back over to you. Boeing machini
And welcome to the closing bell. Im kelly evans in today for maria bartiromo. Bill griffith will join me in just a moment. Stocks are closing lower on concerns some members of the fed favor slowing or stopping economic stimulus earlier than maybe was previous thought. Heres how were finishing the day on wall street. The Dow Jones Industrial average pointed down by about 22 points or 0. 2 , about double that is the loss on the nasdaq today, down 0. 4 and its giving up some of its gains from yesterday, 0. 2 on the s p bit. After we saw stocks moving towards their low after the fed minutes did get a little bit of a rebound into the final minutes of trading. The lead bias was to the upside. Let get straight to the markets. While we didnt give back all of yesterdays gains, we did close off the days lows. Should investors really be concerned about the potential end of the feds easing program . Ben pace from deutsche bank, private Wealth Management is with us and greg ipp, with the economist
Nasdaq up 48 points. 1. 25 higher. S p 500 tonight up 14. 5 points. Nearly 1 at 1795. The dow closing above 16,000 for the first time ever. Bob pisani, how high is up here . We just keep going up. Ill tell you whats a little bit annoying. We had lousy economic number this morning on the philly fed. Yet the market kept moving up. In fact, it went up on that number. 10 00 we had philly fed greatly disappointing. Stocks rallied. Bond market dropped. You all know why. You know the story here. The federal reserve, reducing the possibility of tapering. Look at the 10year. Thats what matters in these kind of economic matters. Theres the vote. Right at 10 00. Boom. Yields moved down. Of course, the market moved to the upside. You think the economy was roaring here because all the old cyclical groups had a great day. Financials, technology, energy, materials all were market leaders. What was the laggards . Telco. Consumer, utility stocks, health care stocks. All the more defensive names lagged