Russell 2000 up by. 78 . West texas at 53. 13 up 1. 48 or nearly 3 . The 10year note theres the yield at 2. 28 . The price is lower, the yield a little bit higher. Mandy drury today on the floor of the nyse with bob pisani. Seems like this has been where all the actions been this week, ty. Seemed like the likely place to come down to. Bob, fantastic job yesterday covering the big event. But in terms of todays action, we opened up with big volume. 249 to the up side. Why are we losing steam here . I think there is some realization that greece is still very iffy and china, the gains yesterday, theres a lot of companies that respect even trading there. Some people are saying we dont know whats going on in china. The bottom line is were keying off of greece and china. We did have very smooth opening at the New York Stock Exchange. The nyse said that outage was caused by a Software Rollout that caused Communications Issues between customers. Talk about that later. But it was a strong open a
The deadline for greece is getting closer. Some say greece will deliver a reform proposal within this hour. We will be live in greece in athens and germany, as they await that proposal. Chinas getting a break from the selloff overnight. Big rally there. No one is breathing a sigh of relief just yet. Well break down what makes chinas markets so different from other Global Markets. Wait till you hear these statistics about the role individual investors play in the shanghai market specifically. Right now, lets show you how we stand on wall street we had a big rally on the open this morning. Slowly the air had been coming out of that rally. The dow was up more than 200 points on the open. A gain of 78 at 17,594. S p up ten, nasdaq up just 24 points. Apple is one of the drags on the dow today. Well follow that story, as well. A lot of moving parts and pieces over the next couple of hours. Lets get to bob pisani on the floor of the New York Stock Exchange. So far so good. Smooth open trading
Bolstered by hopes of a deal in greece with greece. 11,200 the level there. Italy urging 2. 5 . Portugal up about 2. 8. Heres the big stories the market is watching today. Greece of course. Athens sending a new package of reform proposals to its creditors asking for 59 billion to help cover its debts until 2018. The Greek Parliament will vote on the plan today. Meantime leaders from the imf, the eu the ecb and euro group are set to confer on greece in the next hour. A live report from michelle in athens in just a moment with all of the latest there. And then we will be joined by former ecb president jeanclaude trichet. Another big story this morning and all week china. Stocks there rising by almost 5 overnight. The big drivers, hopes for greece but also perhaps more importantly the various support measures being announced by beijing this week. More from our colleagues in asia a bit later on this half hour as well. Also watch oil today. Prices are likely to fall even further pushed down
At 4,994, close to 5,000 obviously. At 1,249 is where you find the russell. Bob pisani is at the New York Stock Exchange. Janet yellen is giving her prepared speech in cleveland. Have we seen any kind of reaction in the stock or bond markets . It didnt have to be because the whole world gapped up at the open. I would say modest reaction but no big surprises in her commentary. Important thing is what happened overnight. Were 51 almost advancing to declining stocks. Its been that way almost the whole morning. Tech materials, consumer staples, financials, all the riskon group here everything is up 1 because the whole world went up 1 . The s p 500, we gapped up 20 points at the open. Thats really rare folks. Thats 1 right at the open. That was on greece. We surged overnight when the details on the greece talks came out and they were offering concessions, at least from the greek side. It even happened more strongly in germany. We had a 2 gap up in germany. You can see the Straight Line ther
Critically helping sentiment, china stocks recording their biggest twoday gain in seven years. A number of stocks there are still halted. Weve got the Portfolio Manager for fidelitys 2 billion china fund coming up. He says there are a lot of opportunities in the china market right now. Well tell you where. The latest data show the pc market is just getting clobbered. Its dying yet again. Could microsoft have a plan to revitalize that sector . Thats coming up. Also a new bill that could help patients get their treatments faster but at what cost . Well break down the fight brewing between Pharma Companies and doctors coming up. Troubling reports out today. Lets begin with greeces bailout and reaction from germany. Our reporters are still on the scene. Chief International Correspondent michelle cruisae a carusocabrera live in athens and Steve Liesman in frankfurt. There is new controversy around greeces former finance minister. He cannot stay out of the headlines even though he is no long