Dont want to call it a bottom yet yet. The lows we achieved. 13 , the russell. Still not made a new closing high since i want to say march or july, july would have been the interday high. Thats the one to watch f it can come back, more of a sigh of relief, the big major averages following suit. Talk more about it, our Closing Bell Exchange for this thursday, joining us this hour, Heather Hughes from sin america funds, joe quinlan from u. S. Trust with us here at the big board today, Dennis Garthman from the garthman letters out there somewhere, lex luther from oneil securities and Kenny Polcari from oneill securities, yes, he shaved his head yesterday. Oh, wow. For cancer research. Got it, kenny. Have more on that coming up in a little bit. And our own rick santelli, still has his full head of hair joining us from chicago. Despite the bond market last week. Hasnt been pulling it out the last few days. Dennis garthman, start with us, every day, we can come up with a reason why the marke
Whod thunk that six months ago, right . So a down week, but not a dull week, thats for sure. Josh lipton has been on top of it all there on the New York Stock Exchange floor today. What are you watching there, josh . Reporter hey, bill, yeah, we do finish higher today. The dow tacks on 46. The nasdaq is up 19. The s p up 6. 1,663. The dow intraday, i know you have been talking about this, you saw the drop after the disappointing new home sales data, but then we moved higher. It was microsoft. It was the ratesensitive sectors, also, right . It was reits, utilities, s p, telecom. And, also, big oil. Exxon, chevron, you know, thats been weighing on the blue chip, but they were working today. What was not working today, some of the homebuilders. You look at the itb, the Home Construction etf, you know, bottomed in 2011. We hit the peak in may. But youre down about 19 , 20 since then. Some of the homebuilders, they really lagged this week. Ryl, lennar, kbh, toll, all finishing the week lowe
Take a look at where things stand at least right now, up just barely. Again, this is some pretty significant news. We will continue to watch those stocks today. Also, the London Metal Exchange and Goldman Sachs are being sued over alleged anticompetitive and monopolistic behavior when it comes to aluminum storage. The lmes owner says it will fight the class action lawsuit. We have been talking in recent weeks about this. Wall street banks facing increased scrutiny in their involvement in the business for storing and transporting commodities like oil and aluminum. U. S. Equity funds saw a record inflow of about 40. 3 billion in july. This was happening at the same time that investors actually pulled 21. 1 billion out of debt mutual funds and etfs. This comes after record bond outflows of 69 billion back in june. Trim tab reports that more of the money that has come out of those bonds is being held in cash rather than being invested in the equity market. Barry, this is pretty interesting
there s a look at the germany in the green. our road map begins with the 1.1 million deal. ceo melissa meyer is promising to, quote, not screw this up. after another historic week for the markets and testimony from ben bernanke coming up wednesday, jim cramer will tell you what to watch when stocks open this morning. plus the shine is coming off metals as gold and silver prices continue to fall. how long will the decline continue? it s more than just yahoo! , including one that may be hitting shortly as well. first up, yahoo confirming it is confirming it is buying tumbler for their 1.1 million in cash and yahoo says, quote, per the agreement and our promise not to screw it up, tumbler will be as a separate business. yahoo is hoping to gain popularity through the use of tumblr. cnbc and yahoo have s business alliance and co-produce editorial content. yahoo is a faded internet site trying to buy some cool. cool can be purchased. there s a price tag on cool just like ev
we work our way throughout the day. moving to the northwest at 12 miles per hour. a little over 200 miles south-southeast of biloxi, mississippi. we re already starting to feel some of the impacts there across the gulf coast in terms of those winds picking up a little bit, gusts getting up close to 30 mile-per-hour in new orleans. i ve seen it get over 30 a while. 40 mile-per-hour sustained wind gusts. there s the center of circulation. you can already see on the radar some bands beginning to move on into the panhandle of florida. within those bands of rain where we see higher gusts streaming on through. doesn t look bad on the radar but within some of these individual cells that s where you get the stronger wind gusts. where is it going? let s show you the projected path. still offshore but, again, still has time to strengthen a bit. it may get to that category 1 status but the difference between a high end tropical storm which it is now and low end hurricane not that much o