Then hold on to our Massive Gains today . Howdy the dow end uproaring 619 points, s p pulled more than 3. 9 , largest gain since 2011, and nasdaq rocket 4. 25 . Where were all those sellers . Where did they go . Did they fin Senate Judiciary committee had they left the building for good . For starters lets speak to the whole random nature whats going on in this stock market these days. Of course were trading in lock step with the s p futures at the open. They rallied hard from the getgo today. After falling some 10 for the year, then they tipped big time in the middle of the day. Oh, it looks scary. Then they powered right back up. And then some at the close. Hows that possible . Ive even got some substantive things happening that are pretty positive but maybe more important some ethereal, mechanical, and purely emotional factors that could be at work here. First, in this environment, we always got to turn to china, right . Thats the primary reason for our stock markets action. While t
Im sara eisen im wilfred frost good morning to you from me as well very good morning to you i dont get to say that often. Its been a lot of travel lately and im today youre off for work west coast, for work. Dont sound sosurprised. Wanted to clear it up lets get to the markets. Have a look at what theyre doing. The dow getting closer to 23,000 we hit the highs in the morning, then sold off a bit. We close up for the dow about 0. 4 less than that for the nasdaq. The s p was up 0. 2 . Telcos the top sector. Banks also did well as we saw yields pick up real estate and healthcare were the disappointing sectors. Essentially flat this morning. Yields did pick up yesterday that manufacturing data was better than expected really brought a smile to rick santellis face as well. He enjoyed that number 2. 31 the yield on the tenyear that slight pick up helping bank stocks as for the overnight action in asia. Sort of mixed picture. Japans nikkei continued to push higher, up 0. 4 . Loving that weake
The dow continues well into the record territory about 17 gain this year. This would be the 1000point climb this year. A lot of people paying attention to that. Many are worried that has all the makings of what they call it melts up. That isnt necessarily a bad thing, but does with stocks moving up, ive come up that theres got to be at least a a shortterm come out. As noise happen either by the way. This whole runup has been won without a substantial correction let alone the bear market retreat. Of course next march we look at a nineyear bull market. Well keep an eye on that. Also an eye on the nfl meetings going on in about 15, 30 minutes tops. Roger goodell and the other members will come out and they seemed eager and we are told at this point that it looks like they let players continue to do that. How that factors in for declining ratings and revenues and whether fans will be happy with the middle ground position that isnt clear. Anyones guess. Connell mcshane in the middle of that
Najarian many big names reporting as you can see on the board stock records set every day last week off to a pretty big day. 3m, gm, boeing, coke, bristol meyers, american airlines, alphabet, amazon, intel, a full swath of names that can really tell the next direction of this move. An incredibly important week, and, unfortunately, i have bad news for the bears out there, and that bad news is that buybacks so far in the first half of 2017 are down 16 relative to the buybacks in the first half of 2016 now, authorizations are up nearly 20 , so even if youre getting a pullback in selective sectors or the overall market. Those buybacks are coming in november before the end of the year, and its going to buffer any pullback. Josh, which names on this list are the ones that are going to matter the most thats sort of how we set up the conversation today i still think the texts are going to be the most meaningful for the overall averages just in terms of their sheer size and how important they b
Snapped last week. European markets, lets look at them as well and see how they are faring at this time. You can see down across the board including italy and spain, thanks and france is the worst performer at this hour crude was up a tiny bit, wti kind of a quiet story last week, 56. 76 and theres the 10year yield at 2. 38 lets get to our road map this morning on squawk on the street squt General Electric slashes the dividend by 50 . John flannery outlining his new vision and a Major Corporate revamp plus, wall street pullback, you saw stock futures pointing to a lower open investors still closely watching earnings and any progress on tax reform going on amongst our lawmakers on capitol hill. Toy takeover, shares of mattel surged on friday jim and i will get into that and into the official rejection from qualcomm of broadcoms bid, a lot to get to actually lets get to ge now. Its investor day, just getting under way started at 9 00 a. M. The dow component announces it is cutting Quarte