Good evening, everyone, welcome, im tyler mathieson, sue herrera has the weekend off t. Week end, month end and quarter end, the dow turned in its sixth straight positive quarter for the First Time Since way pack in 2006. The nasdaq had its best quarterly performance since 2013 in the s p 500 saw its biggest quarterly gain since 2015. Here are the final numbers, for the first three months of 2017 the nasdaq rallied the most, up 10 . They changed despite todays pullback the Dow Jones Industrial average twopd 65 points to 20,663. The s p 500 fell 5. The nasdaq was off two and threefifths. So what pulled the gains in this quarter and which sectors did better than others . Domenic chu has surprises among the First Quarter winners and sinners. Reporter if you had stocks as part of your portfolio in the First Quarter of 2017, you have to be feeling pretty good at least so far. During the first three months of the year, we saw recordhigh levels for not just the Dow Jones Industrial and the s
Resign following his firing of the finance minister without Consulting Party leaders. Nejra ive got the imap on the stoxx 600. You can see the stoxx 600 has taken a bit of a turn to the downside. Fallingustry groups than gaining, and intels providing the biggest lag, down 1. 2 allah by consumer discretionary. On the upside, materials were gaining earlier, but they are pretty much unchanged now. We are seeing quite a lot of red across the wheel, even Energy Stocks are down. 4 . This comes after three quarters of gains for the stoxx 600 but it looks like we are heading into negative territory on the first trading day. I want to look at sterling. Butre seeing some weakness, we keep talking about shorts building up in the sterling trade. Totalhows a percentage of speculative positions and it shows the markets bearish tilt has been more extreme in the past. Is courtesy of one of our first word strategist. Here, i want to take a look at the german yield curve because if you want to know how
Here on the Halftime Report. We do want to begin technology where were watching an up raffling of the chips. Smh seeing its worst day in a month. Youve been talking about it for so many months. Is this going to be the down fall of tech . Well, i think that there is no doubt in my mind we talked about the idea of this thing moving very fast. We talked about going all the way back to brexit and suddenly this entire sector took off with technology and a lot of that is because the fundamental story was there to to back up the fact that you had dividends. And pes are starting to stretch a little bit. Weve talked about this on the show. Time to maybe take it out of the stock and do a stock replacement, old options for more up side. If it falls apart like theyre starting to roll down now, you at least were able to get yourself into a risk reward position. And thats what were seeing right now is down side. And we asked if we were going to have some kind of melt up. And now i wonder if were goi
Trading in a pretty tight range today. It feels as though they are waiting more direction. That said, stocks are new the highs of the day. Earlier, we were offering we were saying major averages trade lower. On the plus side, we have the financials, which have been writing today along with technology. On the downside, Consumer Staples and consumer discretionary. Apple is one of the stocks on the rise today. Tony over a bernstein says the company could reach a trillion dollars in market cap if it shifts toward a Subscription Services type of model where people will pay a monthly fee for their iphone and other Apple Services rather than one lump sum for the iphone of front and so an interesting call and the stock is trading in the obit higher. We are watching the banks trade higher. They have been going up along with rates today. That is treasury yields on this outlook. Perhaps some insight in the fed minutes that we will see in interestrate sooner rather than later potentially. , bank o
Perception that the fed is going to be more aggressive and stocks are going up. It is also a strange world because that perception has not change between yesterday and today. Stocks moved kind of sideways yesterday and they are rallying strongly today. Major can see, all three averages are pretty much at their highs of the day. The nasdaq has been leading the way because of strength and Technology Shares today. It is a cyclically led rally today. Though sectors most formidable to an economic recovery, so another words, if the us economy is recovering enough so the fed can raise rates, that is the perception driving stocks higher today. Making new highs gradually, just a gradual trend upward as it is up by 1. 3 . Software stocks have been doing well with and technology. Microsoft leading the way after upgrading shares to outperform at callan. Traders overreacted to the companys last trading report, but things are not going poorly at microsoft. Adobe in Electronic Arts are also on the ri