Whole move, just fueled by Wishful Thinking are we whistling past the graveyard here after a strong day dow gained 133 points, up more in the beginning. Nasdaq climbed 1. 3 . I think those are the wrong explanations its not Wishful Thinking. Its that i keep telling you that we have two markets, right. I told you why the s p doesnt work any more. We have two markets. We have all that stuff that went down and im going to go over that and then, of course, whats in the nasdaq in science and technology thats whats responsible for the phenomenal move. The nasdaq is barely down for the year yeah, and the bad market, the industrials, travel leisure stocks everything gets dinged even on a big up day like this one. Right now there is genuine excitement on wall street that we could maybe be returning to something close to normalcy. We know its ridiculously high people didnt get their stimulus checks, the pay row protection program, money will float, Small Business employees consumers have been co
Points hallelujah. S p soared 9. 38 . [ cheers and applause nasdaq pulled 1. 28 it feels like 2008 when the Congress Approved the bank bailout. On the for the stock market to start crashing not long after. Sell, sell, sell. The covid stimulus bill will pass and pass on the second vote heres the problem weve been in the worst bear market i have ever seen. We have been down endlessly. Proprietary s p oscillator i follow keeps registering a minus 20 reading making it the most deeply oversold moment in the history of the oscillator. When you get that level negativity, endless, endless, endless, you get a coyle spring of a market. Usually snap back with a vengeance. Typically based on short sellers ringing the register to close out their business remember if you owned a stock and it kept going up, up, up, you might want to take profits then it goes down, down, down, you might want to take profits if youre betting against it and, look, its very bullish that Congress Seems to be making progre
Tenth Straight Record close driven by all the names that worked all winter long plus a strong read on Retail Holiday shopping numbers do not disappoint. And jobless claims fall pointing to continued strength in the labor market joining us for the hour, anastasia om row sew it is great to have you with us. Great to see you. What do we make of this its typical. We melt up into year end i mean, think about all the things that got resolved in december weve got the phase one basically a done deal between u. S. And china maybe a little bit overlooked by the usmca getting passed by the house. Weve got a lot of good enthuse. We started to see the inflection point. Whats interesting in the internals of the market is what people are buying. What do you do when the s p is up almost 30 for the year you start to look for the laggards its emerging markets, health care, energy those are the ones rallying the most to break down those areas you see opportunity over the course of the hour. For now lets
Delivering the first model 3 made in china today. We take a look at the road ahead as it tries to charge into the future. Plus, serving up profits, find out what could be the top restaurant stock of 2020. Mornings with maria begins right now. Say, say, two thousand, year izero,zero, party, oops, out of. So tonight im going to party like its 1999. Lauren some prince this morning. Weve got a big show coming up this morning. Joining the conversation today, New York Posted tor post editd member, Richard Fowler and stephen moore. Great to all of you here. Happy almost 2020. Storely thifutures point to gais wall street gears up to finish 2019 with record highs. The dow up 6 points this morning, s p barely higher, nasdaq down just a point. The nasdaq ended the week last week with a slight loss. It did snap an 11 day winning streak. It is up almost 36 on the year. Steven, your reaction to this surge . Yes, this is the time of year when stocks go up, the meltup at the end of the year, but 36 ga
The barrage of gunfire killing the two suspects and two innocent bystanders. The family of one victim questioning if police were too quick to pull the trigger as the police union stands by its officers all that, plus holiday delay. Why the gifts you ordered online might be in danger of not making it to your house in time. Dentist under fire an alaska dentist facing serious charges after this video showing him working on a patient while on a hoverboard. And last laugh the actress at the center of that controversial peloton ad stars in a new commercial released overnight. Youre safe here. To new beginnings. Well show you more of the advertisement thats racked up millions of views, today, saturday, december 7th, 2019 announcer from nbc news, this is today with sheinelle jones, Peter Alexander and dylan dreyer, live from studio 1a in rockefeller plaza. Good morning to you and thank you for joining us on this saturday morning. Yeah, big group out there, 34 degrees here in new york but the c