Dow is down 28 points. S p 500 down 11. That is nearly. 5 doc, theyre selling the teches again. Banks are trying to get a bid post fed they look like they dont know which way they want to go. A lot of the teches got bids, too. Youre right they were under pressure hard today. And that selling pressure, i expected it to continue for longer than maybe 15 minutes but it didnt. I mean when you look and we didnt get we couldnt break the 50 day in, for instance, amazon and you look at the other support levels for alphabet, even on the downgrade today or facebook these broke but then they held basically right there at some key Technical Levels and we saw v shape bottom on that nerld in other words, the money did come pouring into the names. The one that caught my eye is netflix for other reasons because filling a gap, i believe. Ill talk to josh about that boy, i was impressed about this i expected, judge, there to be more of a bloodbath based on what we saw in the premarket and the early sell
From the new york stock exchange, the blue chip dow and s p both closed at records today with no Major Economic reports, the optimism seems to have come from the Technology Sector which is the best performing group this year. Even after that wobbly performance we saw last week. Here are the closing numbers for this monday. The dow industrial average advanced by 144 point to close at 21,528. The nasdaq was up 87. Thats a 1. 5 gain. The s p 500 added 20 points today. Contessa . If youre a longterm investor, youre probably not complaining act the markets performance so far this year. With history as a guide, mike s santoli takes a look at what might happen in the months ahead. Reporter not quite halfway through 2017, the stock market has already returned nearly 10 . Equal to the longterm average gains for a full year. It would be a mistake to assume this means stocks are way ahead of themselves or due to stall for the next several months. It turns out the stock market only rarely produces
From jackson hole. At 8 30, we get u. S. Weekly initial jobless claims. Then july existing home sales. Attention is raised join us to set the stage is matthew boesler. Janet yellen says it she is going to talk about Financial Stability. What does that mean . Matt im looking forward to what she has to say on this topic. We got a wide range of views on Financial Stability in the latest minutes of the july fomc meeting. The Financial System is so much stronger now than it was in previous expansions. We shouldnt have to worry as much about the Financial Stability because the fed has been doing its job on a regulatory front. Theres one participant in the stressed raisingmade rates gradually would be the best way to strike a balance between maintaining Financial Stability and its inflation and employment goals. Its not clear yet what is the consensus about using Interest Rates to address Financial Stability concerns or not. David that is one of the questions if you take Interest Rates and Ba
Stocks, the dow with the eightday win streak but futures point to a lower open as investors await fed minutes. Plus carl icahn stepping up bristolmyers, the activist takes a stake in that company. Is it headed for the Auction Block . And the new face of the s. E. C. Promising deregulation and increased competition, fcc chairman ajit pai is going to join us live in just a few moments. First up though, the watch is onto see if there are more historic moves ahead for stocks today. The dows coming off an eight Straight Record close after hitting their own alltime highs. The s p and nasdaq each hosting gains in nine of the past ten sessions. As we said earlier the s p up more than 10. 5 since the election. A lot of discussion about shillers p e ratio, jim, investors paying more for a dollar of earnings now than they did at any point leading up to the crisis. I struggle on that. I was on the walmart call and home depot call, there are some dow stocks and these quarters are so much better tha
We will discuss the markets in full detail in just a moment. Also want to let you know we are waiting on the president to make those comments from the white house on those new regulations regarding tax inversions, ones that have seemingly put that pfizer and allergan transaction, 160 billion transaction, in jeopardy at this hour. We will follow that story. We will take you live to the white house and we will discuss the broader ramifications of it as well. But lets begin with the markets. Stephanie, you do have the market. The dow heading for its worst twoday decline since february. Brent and wti are rolling over today. Is that what the rally hinges on . Well, i think we are waiting for earnings. Its always a tricky time between earnings because then we get so absorbed in the macro. Im actually looking at the dollar, looking like its peaked. Oil looks like its in a training range. Its not collapsing, its kind of stabilizing and in a range. Interest rates are low so i think thats a good