12, maybe. And jpmorgan says dont give up on nikola. Thats ahead we start with the markets. Dom chu has that for us. Weve been on either side of the unchanged line well call these markets stable. Weve seen some fractional gains and losses fractionally to the down side. A quarter percent to the down side for the dow the s p off a third of a percent. Similar moving for the nasdaq composite. Key level to watch for the nasdaq, 3401 at the highs of the day, we were up 19 in the s p and down 18 at the lows a good amount of symmetry with regard to the trading range today. A hot part of the market is the Cloud Computing industry this etf, ticker clou, has been a massive upside mover up another 1 today. Record highs for this etf and again since the pant lows wep lows, were talking about a 116 gain one other place to watch in terms of the stock, l brands, price target upgrade by analysts at jpmorgan, that stock was given up for dead quite a time ago. Up 87 almost a twoyear high this is victorias
Consumer sentiment levels rising slightly there are some signs momentum is faltering. Corporate america making big layoffs. Underlying the wall street main street divide. 59 minutes left in the trading week s p 500 set for its sixth Straight Record closing high 7th day in a row of gains and 5th week in a row of gains coming up in a few minutes. Were going to speak with James Bullard about this weeks major fed policy shift the strength of this recovery, washington stimulus stalemate and much more. A bold call on energy, we will speak with a strategist who says now is the time to buy the sector continues to lag far behind the Broader Market, despite todays pop. Lets get straight to this resilient market, the s p 500 looking to close out its 7th straight day of gains, the dow turning positive for the year. Mike san tolly tracking all that action resilient, relentless, persistent, this uptrend, the s p 500 clicks the 3500. So essentially bumping up against that thats your High Water Mark i
Likely to hit around 15 . This morning, the private sector reports the loss of 20,236,000 jobs just in april. Reopening the economy is designed to try to bring back some or most of those jobs. So here we are. With all the bad Economic News breaking around us, what does the market do . Well, it rallies. For the third day in a row, the market opens higher. This is a bet on the recovery and a bet on the federal reserve, which is putting at least 4 trillion into the economy, and the treasury which is putting in over 3 trillion. Thats called stimulus. Investors appear to like it. The dow is going to be up about 140 points. Nice gain there. The s p up 15, nasdaq up about, what, 58, 60. Look at this. Oil, 23 a barrel. Thats where it is now. Earlier, it had been at 25. There has been a dramatic fall in supply and a hopedfor pickup in demand as some states start opening up their economies. So thats why we are in the mid 20s for the price of oil. But you can say goodbye to the gas price decline.
Dose of downgrades today, well find out if any of our traders are touching our stock shares are lower right now as the companys Conference Call is underway well break down any of the big headlines that come out. We begin with an historic collapse in energy prices. Oil falling below zero dollars a barrel for the First Time Ever the main contract tumbling more than 300 to around minus 36 a barrel yes, minus 36 a barrel. The more actively traded june oil contract also falling hard in todays session look at what happened to some of the energy stocks. The etf held up. Are there stocks that are presenting some big opportunities in this crude collapse guy adami, could we be seeing some sort of a sign of a floor for some of these equities wait a second, we dont just go right into the show i think the last time you were request us was probably december 5th or 6th, is that right . Yes here we are december 3rd, were back april 20th, youre not going to say anything. I dont want to speak on behalf
Leaders. Prentsiru order hei t dont believe theres sufficient evidence that there ut an immtenin thisnng. Person,b abcs worrell news tonight aired live on abc 7 here this afternoon. We heard two explosion. Air. Was about 5 45is easevtee this is a rapidly developing and dangerous situation here in iraq. Well t sounds of helicopters above startled that abc News Reporter while he was on the air. You saw him looking just moments explosion. Porting w,no to continue aty. Good evening. Im dan ashley. And im kristen sze. New at 5 00, a man is charged with trying to an duct and say a assault students today. He sexually assaulted a girl walking to middle school. Moments later the police heard of a suspect accused of a second assault. Theyll be doing extra patrols in the airy over the next week. A Hotel Restaurant work never berkeley is accused of drugging and raping a hotel guest. He was charged on christmas eve. The crime happened on june 5th. He was a restaurant supervisor when a woman staying