The fed warnings on risk theres a lot to watch the and an airbnb ipo is now officially in the works. You were just talking about becky about claims and this onagain narrative, the split between Public Companies and smaller businesses. When you keep thinking about what target said, brian with a tour deforce performance, talking about taking 5 billion in share you know he took it from somebody i keep thinking about that, thats the 5 billion that probably would have gotten into Smaller Companies that dont trade or companies that are starting to lay people off or file bankruptcies. The i call to attention estee lauder today you dont expect that perfume or skin care gets hurt. Hopefully lipstick sales are better usually when other things are weaker were not seeing that. Were ripe for stimulus, but nobody is talking. Yeah, jim, thats interesting, estee lauder layoffs, american dropping 15 minutes. But covid cases are lit rally collapsing shouldnt this be going in the other direction . Yes, b
The dow is up more than 3 good week for the s p 500 as well the best since early july. As we close out this week its right to point out as tyler just did were not that far away from record highs and that trajectory has been little rocky but its been, you can see to the upside. Just a couple percent away from the record highs that we saw prepandemic back in february as we take stock of the week, check out these particular sectors. They have been a focus for many traders and investors. Check out whats happening with industrial, communication services, internet related names and technology stocks. These three sectors have out performed the500 this week they are the more defensive, less economically sense tiitive names. Theyre all in the green but not as much as the market overall. Watch those as under performers. Can you believe it, tyler, its been two years since that famous or infamous elon musk tesla tweet about funding secured at 420 per share over two years, you can see a 277 gain. B
Least for today. Nasdaq pacing for its fifth day in the green markets moving higher. Lets get to bob fast break more on this rally. Hi, bob. It is tech powering the market is choosing to believe the reopening stories will go well the airlines are all up. It goes either way on that well see if we can break out. If we can do that, were back to the levels we havent seen since march here when you have the five largest stocks, the market will be up. Thats a big meg cap rally most of the semiconductors have done well. Nvidia is up 10 microns had a pretty good week they are contributing as well. Not only is it positive, were up almost 5 better than the overall nasdaq but something very important has happened to the etf. Thats the triple q. Its amassed 100 billion in assets thats a very rare number. The etf business about 3 trillion theres only four other etfs that have 100 billion in assets and they are mostly s p 500 related. The spider s p the ishares. Vanguard has one total stock market, a
After the bell tesla is not only stock revving up Group One Auto soaring to record highs. After its Earnings Report, the ceo will be here to break down whats driving profits later, the wework water cooler tensions are high for employees with thousands of layoffs. Many might be heading for the exits with empty pockets weve got the details on that as power lunch starts right now welcome. A mixed bag we got for markets thanks to earnings the dow is in the red. The nasdaq is the only one that is higher right now by just about half a percent lets look at what is driving. The dow held by back 3m. Vice president mike pence with some harsh words for china and for some of the companies doing business there kelly, it was a highly anticipated speech after being twice delayed due to development o s on trade it was hawkish speech. The u. S. Maintains an adversarial view of china and its economy and actions oversaes ev even though washington wants to keep engaging. America is reachi ining out hand t
To the inability to get a nafta replacement deal done with mexico and canada, to the federal reserves lack of sensitivity to the strong dollar put it all together and the industrial economy just cant catch a break. And thats why the market exploded higher on that robust employment figure. Dow gaining 373 points, s p soaring 1. 2 nasdaq surging 1. 40 it didnt hurt that we were oversold look, i know the Unemployment Rate is down to 3. 5 lowest in nearly 50 years. But it has to do with the makeup of the economy the manufacturing side of the ledger is not just doing that well the weakness in manufacturing hiring gives fed chief jay powell all the ammo he needs to justify cutting the federal funds rate that may make it more in sync with the traditional curve of low short rates to higher long ones normally, you wouldnt expect the fed to hit the accelerator with the jobless rate this low, but wages are still stagnant and theres no inflation to speak of basically, if powell is asking himself,