Taranova were green across the boards. Dow, s p, nasdaq all green jim, we have a big rebound in the nas names. Best pace on the month since january of 1987. Well, scott, first off, thank you. Every year you and throughout the year you give a lot of respect to veterans. It means a lot to me personally. You and the team at cnbc, thank you very much. Onto the markets look, a little reversal today where the cyclicals are fading and tech is rallying i think thats healthy i mean, look, weve had one heck of a rotation. Not just this week but in the last two months its been going on its time for a pause. And i think the most Important Message here is, anyone whos feeling like they missed out, you dont need to feel that way. If you feel like you missed out on the tech rally of the summer, well, guess what, september and october have given you the opportunity to get into those largecap tech names, the faang names. If you feel like you missed on you the on the cyclical rally, thats going to go on
Will be fought in the swing states of course were going to take you to the mustwin county in michigan. Critical state and a county that could tell the story and later, sec chair jay clayton warns Corporate America about a heightened risk for Cyber Attacks. Hell tell us whats keeping him up at night. As power lunch starts right now. Hi, at thisltyler, hi, every tech is lagging again and as the hours roll on, its getting worse. Lets go to bob pisani for more details. Whats going on is theres a little bit of a rotation here. Stimulus is coming back. Some are investing in the idea theres going to be stimulus however, its coming at the cost of Big Cap Technology and all those workfromhome stories, kelly, that worked so well three or four months ago amazon, thats a sixweek low for amazon right now apples at probably a fiveweek low, microsoft, facebook, nvidia, also on the down side. Its the same with those other stayathome, the not mega caps but the stocks that did really, really well at the
States. Hes at the Scranton International airport just outside the hometown of his opponent, joe biden. Former Vice President biden, step for step in pennsylvania at this hour. He just wrapped up an event in monaca, and will be heading to pittsburgh for two events later. Both candidates hoping lastminute stops in the keystone state will be the key to victory tomorrow. Lets curate crucial charts and numbers for you. The gravitational pull for stocks going both north and south, although with the nasdaq we look like we are going to go back up north for the moment after suffering its worst week since march, you can see the Dow Jones Industrials back on track for the bulls, up 423 points. Of course, on this first day of november trade, you have the nasdaq whipsawing up and down. Right nows t its down three points. Low of the session, a loss of 80. A high of 159. Trying to figure out the direction for that index. The vix or wall street fear gauge complacent at this hour. It actually, as we l
Veterans day as we thank those who served us in the past and continue to serve us today im becky quick along with joe kernen along with Andrew Ross Sorkin things are in the green once again. Looks like the dow is indicated up by about 181 points and if we were to open at these levels and hold it through the session, you would be looking at the dow closing at a record high it has been up six out of the last seven sessions. Up another 626 points yesterday. Dow futures are up, s p futures up by about 26 and then the nasdaq, which has been the weaker part over the last several sessions, down more 1 , actually indicated higher today as well. Up by about 130. The bond market today the is closed in ob sservance of veters day. Well talk with David Petraeus later this morning andrew thanks. And an important day in the United States of course. But there is also a holiday going on in china, very different kind of holiday, made up of a shopping a made up shopping holiday i should say called single
Manufacturing index hitting its best level since november 2018 but tech stocks as we mentioned lagging. The nasdaq is in the med as apple, amazon, microsoft all trade lower 59 minutes left in the session. Back off the lows. Coming up on todays show, ever corps founder roger altman on how the outcome of the election could affect your machine. Plus mond leez and paypal report earnings after the bell we will bring you all of those nbc first on cnbc with mond leezs ceo as soon as those numbers come out. We start off the month of november with gains after a down ep to october. Bob pisani is tracking some of the action. It is turning out to be a fairly simple narrative to understand today that is investors are choosing stimulus over stayathome plays. Let me show you what i mean. There is a belief there ises going to be very gig stimulus coming somewhere down the road again. Thats taken hold here look at the s p 500, up. Wait look at the small caps, up almost twice as much generally the bep y