Valuation and you get news crossing the wire that people dont know what to make of. Financials did hold up on the day. That appears to be a yield play. Our to extrapolate too much longterm. Taylor i would agree, particularly when you get financials and industrials. You are still seeing some more strength in dollareuro. Start to see some of those classic safe havens moves. I am curious, we will post this adam, next guest, larry if this feels like a shakeout day. Overbought. Eems so see where nextn opportunities present themselves in the coming days. Larry i agree completely and i think that is why it is so important for investors not to overreact for the one day. Levelx was at the lowest since the pandemic. Relative strength was above 70. In many ways, there was a lot of complacency settling into this market. I do think this will be a healthy shakeout so people can determine where there really is some good opportunities in the market. The winnerst is in that have been the winners. Carol
Welcome everybody. Our breaking News Coverage of the market continues now welcome once again to my kitchen. Big rally to end the week on wall street. The dow up about 400 points right now on reports that coronavirus patients are responding positively to a gilead drug. Its tale of two dow stocks today. Boeing surging as it gets ready to resume airplane production in Washington State apple is sinking as Goldman Sachs says the stock could fall as much as 20 on lesser iphone sales. Crude getting crushed. Just how low can oil go . What happened with all those production cuts. Kelly. Welcome. Over to you. Thanks so much. We have full Team Coverage we have a rally, kelly. Its getting harder to push it forward. Were now pushing up against the 50day moving average for the s p 500. Sectors that are most beaten up this week are doing well we highlighted this all day. Finally small caps out performing banks out performing home builders, industrials oil down as much today even the energy stock is r
Official and we are on record high watch today. The s p seven points above an alltime closing high and the nasdaq trading in record territory as well today. Joining us for the hour is stephanie link from atiaa company. The market moved higher in the morning and weve sat there all day, upward bias because u. S. China trade headlines we have three reasons the deals that you mentioned early on, theyre positive for shareholder Value Creation but more positive in my mind because the ceos are showing they have confidence and they have visibility in spite of the trade tensions which to me is a very powerful statement thats one of the reasons for sure one area thats not getting a lot of attention, the german Business Confidence ticked up month over month its not back to july levels, i get it, but theyre making progress, right . And then of course the china talking about ip theft and being more friendly, more positive gesture. Who knows how thats going to turn out but those are the three reason
Alltime high extending its gain into the fourth week as investors cheered corporate earnings. According to Lpl Financial today is historically the best day o the year f stocks and it stts the best sixmonth stretch for the ma det. Toda not disappoint. The dow jones industrtrl average was up to 27,090. Theed nasdaq a 82 and the s p 500 rose 16. And as you know, earnings can often drive rallie but this move higher appeave to be d by whats not being said on all ofhose earnings conference calls. Bob pisani explains. Were coming up on the halfway part of the earnings seas one word investors are not hearing is recession. Plenty of issues out there but the u. S. Consumer which is the engine of Global Growth istill holding up. Weve been scanneding the conference calls. 32 companies have mentioned the wordsion and that along with hopes of a trade deal is the major reaso the s p is hiing record highs today. The consumerer holding up. Bank and credit card ceos in partular have painted healthy pict
Its thursday, july 25th, 2019. Heres todays eye opener. Your world in 90 seconds. Robert mueller did a horrible job, but in all fairness to please Robert Mueller he had nothing to work wi with. The president claims victory after Robert Muellers testimony. His performance was not good. He was clipped, confused at times. He seemed lost at times. He seemed to struggle. He seemed detached and unsure of what was in the report. The governor of puerto rico says he is stepping down after more than a week of protests. This is not about taking one corrupt person out. This is about changing the island for good. Troubling elements on the korean peninsula. South korean Officials Say north korea fired two shortrange missiles. Jeffrey epstein was reportedly found in his jail cell with injuries to his neck. It is unclear if it was a suicide attempt. Fac recordbreaking 5 billion by the federal trade commission for violating user privacy. Were going to change the way we operate across the whole company.