Pace for their best day in the month of november. And as mentioned, this represents a rebound. The averages were down two days in a row. S p 500 down last week for the first time in nine weeks. We see some buy the dip action. This is on pace for its best week since about seven weeks. Strong action. And in fact, we have a bloomberg terminal, although i do not see it, it was showing the fact this is really stands out, the russell 2000 was generally weaker. Here it is. Lastue, the russell 2000s record high in october, taking a slide. Investors were worried about tax reform. At 15,a white, the vix, then at 16, suggesting it could rise more. Despite the strength from today, russell 2000 could be looking at more volatility ahead. Time will tell whether the dip buying will prove true. And the minor pullback for major averages. Taken a look at top stocks for the s p 500, we are looking at walmart and apple. Walmart up more than 8 , beating estimates in a big way. 54 is how much the online sale
Also, also trading at a record. Small caps lagging recently as investors try to flush out with the prospects are for tax reform, because this is seen as a group that is particularly receptive to any kind of tax cut. Everything since last years elections, you saw outperformance initially and through the long fade. Particularlynce, in the last week or so, this is i should imagine the russell 2000s performance relative to the s p 500 so we are still positive post the election, near breaking even or even with the s p 500s performance in august. One proxy we are watching for tax reform. As for what is leading large caps, technology is the big winner, up over 1 . They are performing well in the session. The only group down on the day is telecom. Health care bouncing back, i will talk about that today. Bounceig cyclically led we are watching in todays session. Take a look at one stock that is a standout, whirlpool. You can see the lake up leg up. That appears to be connected to the Internatio
Lateruld join us a little talk about all of the moves. Here. Bout the Industries Long first game for rookie record. Since 1988, that was the most it started recording so we are seeing that overall, but less conviction because you are seeing red across the board. The 31,600 mark is the record high in 2007. We are waiting to see at what point we will breach that. I want to talk about some chinese automakers because that is really moving. Take a look right now worried notable here because credit these are both outperform. In fact, they have ranked automakers. Large brands will nextut or next year year. Yearll likely out of next will likely outperform next year. Right now, it is a little bit off. With a littlee bit of next sentiment. Thank you so much. Lets give it over to first word news. I always are resident blue home from south africa, promising a new democracy. He will be sworn in right a in will be the ruling candidate before president ial candidate president ial elections next year.
Telling cnbc we may not need the type of tax cuts being proposed. We have those details coming up. And a major deal in the media space. Maybe youve heard about it. It brings together bbetter home gardens and people magazines, Meredith Buying Time Inc for nearly 2 billion. Will this pave the way for more deals especially in the media sector where theyve been trying to get them done we have that coming up in a little bit. First, our top story today, the cyber monday surge amazon shares hitting yet another alltime high today. Courtney reagan joins us from an Amazon Fulfillment Center in robbinsville, new jersey, with the very are you packaging anything and sending it off as well reporter no, no, im not allowed to touch anything, so i will not be touching anyones packages dont you worry about it amazons prime day, bill, actually still Reigns Supreme at least as far as we know for its biggest day on record. Last year on cyber monday, amazon shipped 64 million items worldwide. Thats what was
Which we have not seen. Been 112 trading days since all three major averages fell by police 1 . We not quite there yet at this point. Stocks have been bouncing around a little bit in todays session on this downdraft we are seeing. Volatility is rising in stocks. But not stocks alone. This is as we see the 10 year yields reached 2. 71 . The selloff in bonds is strengthening as well. Here you have volatility months to date for stocks, the white line. Bonds, the blue line. Is the yellow. We have seen a surge in all three of them for the first time in quite a long time. We have not been seeing much volatility in this market as a general rule. Youging back to stocks, look at the landscape of what is declining today. It is a broad base selloff as you can see. Telecom and utilities are higher. Interesting those Interest Rates are higher even as we see those bond yields of those elevated levels. A are seeing as more defensive groups. On the flipside, the worst performing groups, energy, health