16,000 last november. And weve been adding on average, what 2,000 dow points a year since the low. March of 2009, weve gained more than 10,000 points in that time on the dow, works out to that amount. Dont have to get to 17,000 mark for it to be another historic session. Another close higher for the dow and s p 500, they will be new record highs. Stick with us, all the stats. Any number you want weve got it right here for you. Speaking of stats, truly an uber valuation for uber, cut put at an incredible 18. 2 billion valuation. Is that justified . Uber Ceo Travis Kalanick will join me exclusively for much more on that store sghe trending on twitter all day and also trending all over the jobs report as well. What the numbers really mean to the economy and that guy, if you dont recognize him, mission all the facial hair that he used to have. Pimcos brand new chief economist paul mccully will be here with a take you might not expect coming up here in a few minutes on closing bell. Let me
The market chatter is building around economic releases that come later this year, adp tomorrow. Theres a key ecb meeting on thursday and the big nonfarm payroll report on friday. There is new data suggesting the individual investor may not be actively participating in the markets. Maybe theyre not making a lot. E trade is reporting that its customered averaged 14 fewer trades than in april. Pimcos total return fund suffered its 13th straight month of outflows. The Worlds Largest bond fund posted 4. 3 billion in net outflows in may. The fund was up by 1. 25 in may and that beat 79 of its peers. Andrew, ill send it over to you. Thank you, becky. Corporate news this morning, pill pillgrims pride. Last week tyson offered 50 a share for hillshire. Well see where that all ends up. Hillshire at 58, up a little over 8 in the premarket. Apple says it will allow Software Developers to include Virtual Currency transactions in their applications. The announcement may pave the way for new forms of
The dow plunging 180 at the open and rebounding at the close. There was nothing normal about the trading session. Investors dumped stocks from europe about the Financial Health of a big but relatively little known bank in portugal. It missed some debt payments that stirred up worries of a repeat of the european banking crisis from a few years ago. But then, comments from many market pros here in the u. S. All day long reassured investors the fundamentals had not really changed and stocks made a uturn. By the end of the day the dow lost 70, nasdaq off 22 and s p slipped eight points. Todays losses followed a big sell off over in europe, not only because of worries about the health of portugals Financial System but a slowdown in manufacturing across the contine continent. That renewed concerns how far europe and its banks have come since the financial crisis. Karen has more now from london. Reporter it was a day of fear for european markets as investors were scared by the Banking System
We have not seen a fourday losing streak for the bluetooth chip. They got an upgrade from piper jaffray. A nice 2. 5 gain from intel. Back to you. Lori many thanks as always. September is the worst performing month. With just days to go, my next guest says they should take that pattern with a grain of salt. Why are you not as concerned . We know this is historically one of the weakest times for the stock market. That is right. That is usually the case. Obviously, some kind of hedging is always appropriate. If you look at the last four years, september has actually been an up month in three of those years. I would be a bit more worried if Investor Sentiment was more bullish going into this month. Of course, the market had a lot of shortterm momentum. It still has very positive longterm momentum. This pullback follows a breakout by the s p 500. We generally should be having pullbacks as buying opportunities, in my opinion. We already have an oversold rating. That number has got an higher
Get the blood tests. Change your number. Turn it up. Androgel 1. 62 . Hi, everybody. Happy monday to you. Im Maria Bartiromo at the stock exchange. Looking for direction to start the week. Were all waiting on earnings. Yes, we are. Im bill griffith. Believe the headlines. Get a flu shot. Its nasty. Were going to take you through the final hour of trading including more including the developing story youre hearing about regarding dell that it may be in talks with private equity firms. The stock has been surging but its off the highs of now. Up about 12 . More on that coming up. New data showing managed funds. Plus the one thing that has him worried more than anything else. Also stand by for two huge exclusive interviews heading your way. Intercontinental exchange ceo Jeffrey Sprecher and then Preet Bharara will be with us as well. Weve got a market at the highs of the afternoon with a gain of 25 points on the industrial average. A big boat load of Bank Earnings coming this week. Waiting