Lower. Stocks higher. Technology, one of the best groups today and by the way, the nasdaq right now is above a new closing high. So we need to track that over the final stretch as many of the mega cap, including nvidia, see nice gains today pretty good day, too, for discretionary stocks like decker, surging after its earnings it does take us to the talk of the tape. The road ahead for the rally lets welcome in professor Jeremy Siegel, wharton professor. Glad to have you here. Happy to be here. And we have nvidia, knocked the cover off the ball again and a turbulent day yesterday, and then a nice bounce today at least in parts of the market. Yes well, i think, you know, nvidia did so well, it almost sucked all of the oxygen out of the room so no one else could breathe yesterday. And now i think they settled down there were, i think what disturbed people yesterday was that little chatter in the fomc meeting, the minutes, about some people saying hey, are we done raising, and that, that w
Dow, it will be an eight straight month of gains for the dow and s p 500. Strugglest for the Technology Sector once again. Lets look at what happened overnight in asia. You will see that the nikkei ended up by close to 0. 6 points. Stocks in china under pressure the hang seng down by 1. 5 points the shanghai down by 0. 6 . In europe, in the early trading, it looks like there are green arrows across the board. Biggest gains from the major averages come out of germany where the dax is up almost by 0 0. 8, the ftse up by a quarter percentage points. Right now looking at crude oil prices opec and nonopec producers, ie russia, are expected to announce an extension of output cuts until 2018 a lot of concerns about that, whether there will be Sticking Points along the way thats why crude oil was under pressure yesterday things have picked up this morning with a gain of 1 for wti. Up 53 cents to 57. 82 well get a live report from the meeting of opec in vienna. Thats coming up at 6 30 a. M. Eas
Majority nations. The white house also plans to tone down its tough rhetoric when trump meets the chinese Prime Minister japanese Prime Minister on monday. Shinzo abe wants to restore the alliance harmed by president trumps tough talk. By 2600ews powered journalists and analysts in more than 120 countries, you are watching bloomberg. Asias regional benchmark at the highest level since july of 2015. The hang seng index soared 4. 6 after coming back from lunch break, shanghai up. 5 . This is bloomberg. Caroline im caroline hyde. This is bloomberg technology. Coming up, no trump bump for twitter. Revenue growth stalls, the shares tumble on lackluster results. Plus, the tech earnings parade rolls on with pandora falling short. We will bring you all the latest. And airbnb prepares to splurge. We will break down plans to open a 3 billion warchest in canada in what could be its biggest acquisition ever. First to our lead. Twitter shares tumbled after quarterly revenue and profit outlook misse
About six points and the dow futures are down by 43. Overnight in area, the nikkei was down by 1. 6 the lesser gains for the hang seng and the shanghai composite which finished almost flat. If you want to take a look at early trading in european markets, across the board, you see some red arrows. The dax in germany down by. 7 . 75 decline for the cac in france and the ftse is down by 1. 3 . Take a look at crude oil ahead of tomorrows opec meeting. Oil was up 20r9 month, but you can see the wti this morning is down by 1. 5 to 48. 36. ] p e much more on that opec meeting in just a moment. Here are the big stories we are watching today. In corporate news, softbank selling at least 7. 9 billion in shares of alibaba. Softbank is softbanks largest shareholder. Its staples dropped now from 30 to 28 . Shari redstone says she has no interest in managing viacom. Red deny stone says on todays economic agenda, april Construction Spending out at 10 00 a. M. Eastern time as followed by the feds beig
Yuan. Todays intercontinentalexchange is said to be exploring the london stock exchange. Ice owns the new york stock exchange, but is unlikely to move before deutsche bursts the deadline. Those in the headlines from bloomberg news, powered by 2400 journalists and 150 bureaus around the world. Lets take a look at the market. Despite a contraction, we did see a rrr cut, and that is helping hong kong and china. Thats how they were trading in the morning session. This is a picture of the rest of the market. Emily i am emily chang, and this is bloomberg west. The judge in brooklyn back to the companys hands. We will bring you the latest. The former head of the nsa weighs in on apple versus the fbi. General Keith Alexander does not buy apples argument. And the biggest security conference of the world kicks off here in san francisco. We talked to the symantec ceo on cyber threats. A victory for apple in a separate but related privacy battle moving to a court in brooklyn, with the judge ruling