Nasdaq with its tech stocks. Four major stock market indexes hit alltime highs today. Here are the record numbers. The dow added 88 points to 18,956. 40odd points away from 19,000. The nasdaq rose 47. S p 500 climbed 16 and the small cap russell index of 2,000 Many Companies up 6. The broad rally hoping that it will invest heavily in infrastructure, a triple play that could spur growth. Todays run also helped by a rise in oil prices. That rise lifted energy stocks. Mike santoli takes a look at the rush of money into stocks. Reporter its a great rotation from bonds into stocks finally happening. The sudden surge in bond yields and expectations of policies under trump from bond funds into stock funds since election day. The latest week track, 18 billion flexed income fund while 27 billion found its way into equity portfolios. Thats the largest one hj week shift from wonder into stocks on record, according to bank of america, merrill lynch. Particularly popular, funds that invest in finan
Welcome. A blowout quarter from amazon that few curve predicted. The Online Retailing powerhouse continued to drive along to get people the items they want at their doorstep when they want them. And its efforts are paying off. More customers joined its prime Loyalty Program and revenue jumped in its Cloud Services businesses. Look at the numbers. Amazon reported earnings of 1. 07 a share, estimates were almost half that fay cents a share. Sales of 29 billion were 28 higher than a year ago surpassing not only wall street estimates but amazons own forecasts and as for shares, they took off. Initially in afterhours trading, there is a chart of them. Josh lipton has more on amazons strong results. Reporter 1. 1 billion. That was a big number in amazons earnings release. It refers to the operating income that amazon reported for the first quarter, and it was way above analyst estimates. Aaron kessler of Raymond James says that number proves two points. One, amazon candle straight leverage w
That few curve predicted. The Online Retailing powerhouse continued to drive along to get people the items they want at their doorstep when they want them. And its efforts are paying off. More customers joined its prime Loyalty Program and revenue jumped in its Cloud Services businesses. Look at the numbers. Amazon reported earnings of 1. 07 a share, estimates were almost half that fay cents a share. Sales of 29 billion were 28 higher than a year ago surpassing not only wall street estimates but amazons own forecasts and as for shares, they took off. Initially in afterhours trading, there is a chart of them. Josh lipton has more on amazons strong results. Reporter 1. 1 billion. That was a big number in amazons earnings release. It refers to the operating income that amazon reported for t e first quarter, and it was way above analyst estimates. Aaron kessler of Raymond James says that number proves two points. One, amazon candle straight leverage when it wants to. Also, the company is b
Welcome. A blowout quarter from amazon that few curve predicted. The Online Retailing powerhouse continued to drive along to get people the items they want at their doorstep when they want them. And its efforts are paying off. More customers joined its prime Loyalty Program and revenue jumped in its Cloud Services businesses. Look at the numbers. Amazon reported earnings of 1. 07 a share, estimates were almost half that fay cents a share. Sales of 29 billion were 28 higher than a year ago surpassing not only wall street estimates but amazons own forecasts and as for shares, they took off. Initially in afterhours trading, there is a chart of them. Josh lipton has more on amazons strong results. Reporter 1. 1 billion. That was a big number in amazons earnings release. It refers to the operating income that amazon reported for the first quarter, and it was way above analyst estimates. Aaron kessler of Raymond James says that number proves two points. One, amazon candle straight leverage w
Not just here in the u. S. But around the globe. The dough jones industrial average suffered a 332 point loss to close at 17,662. Its second worst day of the year. The gains of the year so far, gone. The nasdaq off 82. The s p 500 dropping 35. Those declines amounted to 1. 7 or more. Big part of the problem today, the strengthening dollar. The greenback rising 1. 1 to a 12 year high against the euro and theres a powerful force driving the dollars dramatic move. Diverting Central Bank Policy as the u. S. Economy strengthens, the Federal Reserve is expected to hike rates as soon as june. That pulls investment slows into the u. S. Other way. Buying bonds, flooding the market with euros, thereby devaluing the currency with stimulating europes economy. Thats the mechanism. And the dollar isnt just rallying against the euro. Its seeing strong gains against a handful of other major currencies including the yen, the pound, the swiss frank and the russian ruble. More with bob pisani. Reporter t