Im wilfred frost. Im seema mody in for sara eisen today. I was thinking you do the introduce, wilfred. Sorry. I left it up to you, its great to have you with us. Good morning to you. Lets get straight to the market picture this morning. It comes off a day yesterday where we were pretty sharply down at the open. We were down about 0. 2 midday, but ended down only about 0. 2 for the dow. The nasdaq was slightly positive. Banks certainly had led the markets. They also led the rebound somewhat. Either way by the sector performance, telcos were the worst. Healthcare the best. That performance you can see in the bank index. At one point we saw significant decliners there. A couple percent for certain banks leading the index down, the market down, but they did recover by the end of the day. Yield curve had a huge impact on this. We did see a low on the tenyear note at one point yesterday of 2. 34 . Back close to 2. 38 , back near that 2. 4 level. That, of course, has had such an impact on wha
On cnbc. Im wilfred frost alongside seema moody. Great to see you. A continuation of how we ended last week. By that i mean buying off stocks and the dollar higher. We had a weekend to pause and consider whether that is the right move and markets seem to think it is. They are continuing in that direction, albeit more muted than the huge moves immediately after Donald Trumps election victory. We are higher just shy of 100 points on the dow, 94 to be precise. The s p by 8. The nasdaq by 14. Huge moves last week to the tune of 5 to 6 as a whole. But it is worth pointing out there was differentiation within it. This was not just a move that growth will be higher in all sectors and they will all benefit. It was based on the fact that yields moved higher and with that the sector rotation was clear. Financials are up a huge 11 for the week. But utilities were down. Well have a look at the tenyear note. We are 2. 28, sorry, 2. 22 moving higher. You can see that stock shutting higher in the las
Im wilfred frost alongside seema moody. Yesterday we did see a decent futures board this time yesterday and decent open but we lost impetus during the course of the day essentially you can call it a bit of a step back pausing for breath from this posttrump election rally and today were seeing a little bit of positivity but muted given the gains we saw last week, the dow higher by 32 points, s p by five and nasdaq by 11 points. Not huge gains yesterday we saw continuation of some of the sector performance, financials once again the best performer theyve had their sixth positive session in a row. Can that continue again today . Tech suffering significantly, down over 2 . Worst sector yesterday. Big names like apple and amazon have been suffering since trumps election victory. Take a look at european stocks. They did finish well off their lows yesterday. Here in europe. As we can say u. S. Treasuries now in focus with the ten year still above 2. 1 . In europe mixed session right now with
Im wilfred frost alongside courtney reagan. Good morning to you. Music selections . American music award winners. This is selena gomez, who i am told won for the year. Well update you on who won the awards later. Well check in on the Global Markets. Of course, last week we had a continuation of that postelection rally we saw. The s p was the best performer up just shy a couple percent. The dow, the relative lagger, just in positive territory. We also saw bond yields rise and saw the dollar rise. So the same sort of themes since the election, albeit the Sector Performance was different from week one. Telecom was the best sector. Health care was the worst. The dow is up just slightly by 21 points in the early market. We did see yields rise across the yield curve. We are at highs pretty much since the start of the year, december to the long end of the curve and january highs for the shorter end of the curve, if thats the tenyear note at 2. 31 at the moment. So were just off those highs to
Exchange. Good morning. Im sara aseisen. My favorite song. Im wilfred frost. And ill say it again, welcome back. Missed ten day rally in the there are. Missed you. Miss this major move in stocks. But, yes. You had a great time. I had a nice vacation, postelection vacation. Lets check in on the global market. U. S. Equity futures after another rally day on wall street yesterday left the do you up 80 points and trifecta of record closes. First time all four averages closed at a record since 1999. All three closing there august 15th. Were strong again. Dew futures up 47, s p futures up 4. 5 and nasdaq futures up 18, more than 18 points. For the ten year treasury note yield a story of higher yields, the selloff in bonds, stronger dollar. There we are right now just under 2. 30 on the ten year. Theres the spike up. Like you were never away. You know i have to keep paying attention to markets a little bit with such major action. You wouldnt believe what she reprice to while shes away. The te