34. 20 is your level. The nasdaq coming off a fourth positive week. Longest weekly winning streak since december the composting a half percent gain at this point courtney, are you surprised at where we are in the markets given what is going on around the world with the coronavirus its been a while good to see you today. Am i surprised im surprised at how quickly the mark has come back however, we have a market that wants to go up people do want the see things better whether its the onlyis ianalys companies, expectations are very low. The fact we have seen a glimmer of hope, these markets wanted to see that i think well continue to see that rise as we move forward if people can put masks on, we might come out of this faster on the economic front the marks are looking 12 months ahead and saying we see ourselves come out of this and were seeing that with the rise in the s p and market overall. The notion of people being optimistic and wanting to be optimistic you want to be optimistic tha
Up for an eighth straight day. The mega cap tech names making the new milestones josh, the big five as we say amazon, apple, facebook, alphabet, microsoft all but alphabet hitting the new highs today crossing 6 trillion as you flag end market cap for the first time ever. They, amazingly, are now equal to the next 24 largest s p 500 stocks combined. You flag that. Yeah. What do you make of it . Yeah, so my research. We put this up last night. Just incredible when you think about the companies that make up that next 24 were not talking about small potatoes were talking about jpmorgan which is a 300 million cap and pepsi, coke, mcdonalds. Its really wild and these stocks now are just going parabolic. I think i want to maketwo points very quickly. The first is that this is not unprecedented. In the mid 1960s just two stocks General Motors and at t made up 14. 5 of the total market cap of the s p 500. And the top ten names in the mid 60s made up about 50 of the market cap so, we have seen t
Visit the war zone as he heads to israel tomorrow. And Vladimir Putin lands in beijing for a closely watched sit down with xi jinping. It is tuesday, october 17th, 2023. You are watching Worldwide Exchange here on cnbc. Good morning. Welcome to Worldwide Exchange. Im frank holland. We kick off the hour with the check of the u. S. Stock futures. Take a look. Red across the board right now. The dow looks like it will open 85 points lower. Sn s p and nasdaq is opening lower. We are coming off a strong monday session and this is the russell 2000 showing strength rising more than 1. 5 yesterday for the best day since july. You see the moves right here. Big swing here. Same story for the dow transports coming off a nearly 2 gain. Take a look. Up 2 . Big swing right there. All this on the back of falling treasury yields. You can see a rate sensitive sector getting a benefit. We are seeing a rise in the treasury yields this morning. The tenyear at 4. 74. Moving higher this week. The long bond
In the dow specifically. Does it continue into this new quarter . Look, i think its news driven at this point. Were done with the quarter, so that means earnings are coming up. I think the markets okay, so im going to let steve take it up. Earnings could break it out for positive news in terms of congress not being at a stalemate. Ab septembsent that, if you loo the indices, the quarter was even better than the 6 for the s p or worse, so youve got to be careful in your selection, more so now than at any time over the last five, six years. Big surprises this quarter. If i would have told you at the beginning of the quarter that tech and health care were going to lead the way and financials were going to be one of the laggards even though it was up, you probably would have told me youre crazy. I agree thats surprising. I dont think however that thats necessarily the trend. I do think financials will regain their mojo. I thought health care was undervalued for far lopger than it should ha