We ta retail sales were lower than expected autos adding to the pain with biggest names if the group or deck for earnings next week, well tell you which stocks could be set to take off later, it is apples epic battle both apple now and google kicking out fortnite out of their app stores well explain why they are doing it the fight it could spark and the crackdown on big tech that could be in the cards. Power lunch starts right now happy friday to you. Check out the transports out performing this week up 4 those moves are thanks to fedex and avis budget up double digits for the week with all the major averages up more than 50 from the march lows, its the question being heard around wall street is the market rebound getting too far ahead of the economic rebound. Were digging into the data. The stock market could recover its all time highs we went back to 1973 and looked at how stocks behaved. It takes 2. 7 years to get even this recovery probably will be measured in months the fed and co
Will see the 2020 democratic ticket on stage, together for the very first time. What well do then is take you live to wilmington delaware where former Vice President joe biden will kickoff his campaign with his new president ial runningmate, as Vice President , california senator Kamala Harris each step of the way, what were going to do for you in this final hour is watch the markets, sectors, stocks, commodities for tick by tick reaction. Check it here markets in rally mode for the most instant reaction right now while its tempting to focus on the really huge jump for the nasdac look at this were up 235. Folks the index to watch is the s p. It is now within lets call it just under two points from its first record close since february, the number to watch, 3,386 were at 3,384 and change right now. All right, for months wall street has been gaming just who joe biden might pick as a runningmate and kind of fretting over you who the markets would react. Lets get to one of the top voices o
The grind t higheray was quiet but strong. Here are the closing numbers. Th Dow Jones Industrial average rose 227 points. To 27137. The nasdaq was up 85 and the s p 500 added 21. But there is a lot more tohe market than the numbers suggest. A close look under the hood showsig changes taking place and money is starting to flow intoectors that investors have been avoiding for a while. Bob pisani at the new york stock exchange. A lot of talk about a great rotation taking place. But what exactly are we rotating out of andinto . There is confusion about different ways to slis and dies the mechanic. Lets try to sort out some of the differences. First, cyclical verses defensive stock. Since bond yield bottomed last weeks. Checkically sense i have like banks, transportation stocks, energy, retail have all outperformed. These are call cyclicals because they tend to better when the Global Economy is imoving. Nef lagged most of the year on concerns that Global Growth slows. At the same time defen
That recession. We are going to talk about it with my guest coming up right now. Im cheryl casone, everybody, in for liz claman today. Were going to start with a fox market alert. The bulls are actually making a bit of a comeback in this final hour of trading. As you can see, the dow up 25. We had been on the fence just a few moments ago. Maybe charles turned it around. Im going to do the cc effect right now here because you do have the the dow at one point down is 88 188 points at session lows. Trying to make this two wins in a row. We shall see if that works out. If the dow can can close up more than 17. 7 points, and its above that right now, it will be back in positive territory for the year. Were closely going to watch this average. Now to the s p 500. As you can see, it is slightly higher, a fraction here, 1. 2 1. 48. Wed been down 38 points on the lower in todays session for the s p, so thats a comeback. And heres the final comeback, the nasdaq. As you can see, up 4 points. At 1
All right, america, youre so money and dont even know it, maybe you do because your Stock Investments hitting record highs yet again. Look behind me, all three major indexes higher for a fourth straight day you see, mr. President , somebody is talking asht ining about it. Surprise one of the big winners this week, ge, up 6 in the last five kays were going to chat with an analyst sthat says the beaten u ge could go 50 higher from here check out other movers this hour, cvs health, xilinx, underarmour, up, leading the s p 500. Welcome, everybody, im Tyler Mathisen we kick off the day with the jobs report, first of the new year payrolls for december missing the mark the jobless rate hitting a 17year low. Wages rising not blowout pace, but nice Steve Liesman in philadelphia breaking down the numbers and looking at what it all means for rate hikes this year steve reporter hey, tyler, thanks. Yeah, it was a weaker than expected jobs report, but economists said it didnt really change their vie