Xhoentsz are lower although exxon is trying to hold on, intel, home depot, caterpillar, ge, theyre the biggest losers, all down 3 , nearly 4 for some of them. The big news around bond yields which are rising again this morning. Were waiting for the ruflts a crucial 30year bond auction moments away yesterdays bond auction was a market mover well see if todays is the same as we start to worry about just how much debt there is out there and whether or not investors are willing to buy it. Check out the stocks that are bucking todays big selloff, however. Twitter is soaring after reporting its first ever profit. Higher by more than 16 . Grub hub and the New York Times also surging. More on all three of these stocks straight ahead. Tyler. Thank you very much, michelle im Tyler Mathisen welcome, everybody lets get right to the store of the New York Stock Exchange where bob pisani is standing by pl hello, bob. Once again in the middle of the day this is becoming a regular thing. S p 500 volume
Also good news on the cholesterolfighting front. And has the perct car been finally created . All of those things and lots, lots more today. Tyler is out today once again but Kayla Tausche joins me live at the nyse with bob pisani. Hi there, kayla. Hey, mandy, great to be here. We are watching the markets in rally mode. Mandy ran through just how historic the gains were seeing are. Put this in perspective. Just the fact that the dow has risen, what, 1,000 points in two days . 1,000 points in a day and a half. The s p is 100 points. Youre seeing some numbers youre not going to likely see very, very often. I havent seen them. Ive been here a long time. Look at the s p 500 melting up here chasing stocks here. Weve got to get them because theyre running away from us. Thats what it looks like. Its been a long week. But let me show you the markets today. Were getting strange numbers again. Heavy volume but not as heavy as the last few days. The volatilitys been dropping. Look at this breadth
The first time ever. And it didnt take long for the dow to cross that milestone. In early august, the dow first closed above 22,000. And the index got a lift today from United Health care which reported stronger than expected profit. Mo on that in a moment. First lets give you the cheerful numbers. The Dow Jones Industrial average gained 40 points. It ended just below 23,000. Nasdaq fell ever so slightly. The s p 500 rose and was up nearly two points. Bob pisani takes a look at this major market milestone. Reporter another day, another big milestone for the dow. The index broke above the 23,000 mark on an intraday basis for the first time ever, just shy of a closing high above 23,000. So boeing and caterpillar and goldman sachs, home depot, those were the four companies most responsible for the majority of those gains since the dow hit 22,000. You might think weve been seeing a lot of these dow 1,000 days for a year or so. We are. Its partly because its an easier, shallower climb to ge
It has dipped in and out of negative territory, the nasdaq hitting yet another record high. It is up again. The dow and s p up for a Third Straight day. We are on pace for our best weekly gains of the year. Wynn resorts is the best performing stock in the s p 500. Perrigo, edwards, united tech. Lets party again, baby. Youve got it, brian. Im tyler mathisen. Welcome, everybody. Here is what else is happening at this very busy hour. Shares of twitter soaring more than 10 . The strongest growth in monthly active users in more than a year. Much better than expected earnings. After reports the white house is preparing an order to withdraw from nafta. More on this in a moment. And didi raising between 5 billion and 6 billion valuing the chinese taxi hailing service at about 50 billion making it the second largest vcbacked startup behind uber. We begin with President Trumps big tax plan. We will get the details or at least the outlines of it. From what we can expect to how it will impact your
Arthur, president of the United States it is a big day on power lunch, hon. And it starts right now, jon najarian, dont ya know . Esther a. Arthur was a friend of mine welcome, im Tyler Mathisen. What a beautiful turn you made, nick that is good what else is happening this hour amtrak and lyft announcing a partnership beginning today. Customers can use the amtrak mobile app to access the lyft app to request a ride. Presumably from the train station home or whatever u. S. Automakers reporting sharp sales declines in july fiat, chrysler and gm, down double digits. Ford sales down last month and credit card losses hitting a fouryear high, according to ratings. The average chargeoff rate, the percentage of debt thats written off as a loss, came in at 3. 29 in the Second Quarter the eighth largest card issues also saw their chargeoff rates increasing what some say is a worrisome sign for the markets and the economy. Melissa. All right, tyler. And welcome to power lunch. Im melissa lee. We a