And welcome, everyone, to power lunch. Im Tyler Mathisen glad you could join us on a summer monday. A new trading month, a new half, and record highs for the stock market, but were off the session highs, as melissa just mentioned. The dow was up 290 points earlier. Apple leading the dow, boeing, the biggest dragger. And chip stocks soaring on that trade truce. Kelly. Tyler, thanks the rally is losing steam. Lets get to seema moda on the floor of the New York Stock Exchange with more on the action this hour. Hey, the key question for the market is whether those talks between u. S. And chinese officials over the weekend and japan will actually lead to a trade deal what youre seeing is some of the optimism around the trade talks starting to fade we started the day higher by about 1 the intra day high for the s p 500 was 2977 were currently at 2957. Still up about a half a percent on the names on the day. Names that initially jumped higher on g20 trade talks have come off their highs as we
Its global sales. Plus, chips take a hit as amd and skyworks fail to impress investors. Police being called to the campus once again, arresting dozens of propalestinian protesters and clearing occupied academic buildings. It a is wednesday, may 1st, 2024, and youre watching Worldwide Exchange right here on cnbc. Ja good morning and welcome to Worldwide Exchange. Were coming to you live from cnbc london. Thank you for being with us. Lets get you ready for the trading day ahead. The s p is coming off its worst month since september and biggest drop since all the way back in january. Take a look at futures in the red. The dow off of its lows, but it looks look it would open just about 30 points lower. All the major averages are down from their recordhighs. Its worse for the russell 2000, which is now more than 19 from its alltime high. April also responsible for wiping out the majority of gains from the First Quarter of this year. Were talking 87 for the dow, 39 for the s p, and 34 from t
Amazon raises cash to pay for whole foods. Goldman sachs takes a game to silicon valley, roosting storage for top tech talent. Betty this is daybreak asia, live from bloombergs u. S. And asia headquarters. I am betty liu, it is just after 7 00 p. M. In new york. After 7 00 a. M. Here in hong kong. I am shery ahn. Volatility falling, the japanese yen, and gold retreating this week. It looks like geopolitical tensions over north korea are waning. But political tensions in the u. S. Are on the rise. Betty you could not see that reflected in the equity markets by any means. That turmoil you are seeing engulfing the president and throughout the country, largely shrugged off by the equity markets. Certainly no rally like we saw the day before. We had markets closing unchanged. Ingestrs still trying to all the news and the impact at my it might have on business and the economy. Shery that Economic Data out of the u. S. Good july retail sales, that probably helped. Lets look at the markets in
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