Market and we saw the s p turned negative again for the year. Julie sort of bouncing around a bit today. Turning negative for the year once again. It looks like investors are looking ahead to the fed minutes this afternoon. They want more information on the thats next move and in waiting for the ash on the feds next move on the feds next move. The s p and our remain in the red today. And dow remain in the red today. The bestperforming group today as we see an increase in estimates for the fed to raise rates or moving. Orward of those estimates financials have been benefiting from that kind of you. Technology, relatively strong. Drop in Consumer Staples as well as Utility Telecom and discretionary. Target is part of the story today. Another retailer disappointing. Earningspershare actually beating estimates put sales weakening. Comparable sales up 1. 2 . One point 6 is what was estimated by analysts in the company Ceo Brian Cornell saying it is an increasingly volatile consumer environm
Close of trade. Stocks took a big letdown after the fed minutes, spooking the markets. Ramy inocencio has the latest. Taking a leg are down but they are actually off of their session lows that we saw all right after the 2 00 hour when the spec minutes came out for the month of april. This is where we stand. Moreow is down by a little than. 1 , the s p similarly, the nasdaq almost pulled up. Now up by. 3 . Intradayok at the snp snp intraday. You can see the ride we went on in the lead up to the 2 00 hour. Up until 2 00, actually, the s and p was up 6 , but then we see the plunge down. It had been down by as much as four. 4 time. Even getting closer to the flatlined, even as we speak. With that said, the s p is still now negative for the year. Also, 10 sectors and their help their health. They are in negative territory by now but financials and health care are in green. Financials up by green. Fallen about 1 up. Coming back to where we came there. Utilities down the most 1. 9 . We can se
Trading in a pretty tight range today. It feels as though they are waiting more direction. That said, stocks are new the highs of the day. Earlier, we were offering we were saying major averages trade lower. On the plus side, we have the financials, which have been writing today along with technology. On the downside, Consumer Staples and consumer discretionary. Apple is one of the stocks on the rise today. Tony over a bernstein says the company could reach a trillion dollars in market cap if it shifts toward a Subscription Services type of model where people will pay a monthly fee for their iphone and other Apple Services rather than one lump sum for the iphone of front and so an interesting call and the stock is trading in the obit higher. We are watching the banks trade higher. They have been going up along with rates today. That is treasury yields on this outlook. Perhaps some insight in the fed minutes that we will see in interestrate sooner rather than later potentially. , bank o
Has curtailed, lows are running warmer, low 60s yesterday with a lot of 50s, and the Oakland Airport with a mild 60s, a brief dip yesterday at 60s and 70s, and inland is 90s for many. 4 01 am. And what do you have . Not a lot at this for a 1 am. One minute after 4 00, and good morning everyone. Lets take a look at the tracy super commuters, westbound coming in, and it looks good. At this time we do not see a lot of slow traffic over the altamont pass, no major problems driving into livermore. Here is a look at the bay bridge toll plaza, looking good, and also from alameda to oakland, and the 280 in san jose, northbound 280 looks good, light in the south bay. Topping the news from overnight, a fire gutted a business near the Livermore National laboratory, the emergency call going out before midnight, and when the crews arrived the building on Research Drive was engulfed in flames, and it is believed that the building is a heating and air business, and they had to posture as the roof was
We will get to more to terrible weather back east. Lets start off with our local forecast. That is your dog isnt it . Yes, i am the proud mom. We went to the beach over the weekend. It was the ocean beach. He was about chilling out. A lot of dogs and families out there. It was great beach weather and it will continue through today. Here is a live like at the san mateo bridge right there. We will take a look at your south bay highs today. San jose looking for highs around 74. Morgan hills 73. If you going farther south you will get to probably in the lower 80 territory once again. We may challenge some new records. We didnt hint at the possibility of rain. First here is george watching the roads on this holiday morning. Good morning george. Good morning. We have a few incidents but none of them are creating back ups or delays. Take a look at the bridges. This tells the story. The westbound bay bridge no delays. Your trip to the san mateo bridge looks great. This would be a typical commu