China, which has chinese stocks bouncing today weve also got another big announcement as well dont miss the debut of a new segment here on closing bell today. The market zone is coming up into and after the close well bring you the stocks and stories every investor needs to know and it will look a little different as well. Joining us for the hour is mark tepper from Strategic Wealth partners mark, thanks for being here. Thanks for having me. Looking at the dow today, were up 154 points. The s p is also hovering right around 2980, it looks like a decent last day for the month of september as we head into these final three months of the year, what are you watching the most closely . I think the biggest catalyst right now is a potential trade deal all eyes are looking on this meeting next week between the u. S. And china, because if you think about it, its really, really difficult for ceos of publicly traded companies to execute on their growth plans if they have no visibility as to what
Fears about trade, growth and rates. New phones, new watches and a big bet in tv. Your next trade on apple and the stocks in its universe shares of costco soaring 45 this year. But is a pullback coming its our call of the day Halftime Report starts right now. Good to have you with us on this wednesday, 9 11, as we remember and always will your Investment Committee today, joe, steven, jon and pete na, welcome, everybody stocks are higher this hour. The dow trying for its sixth straight day of gains. Not bad. But we begin with the big trade happening now in the overall market momentum apparently is out and socalled value apparently is back jpmorgans quantity grew who called the rotation about two months ago says the flight from momentum has only begun. Id like to start the show, guys, the hour with a stat i pulled out of fax this morning i think kind of will highlight better how big this shift has been 58 of the top 62 stocks in the s p 500 this week, theyve gained an average of 9 . Been
Good wednesday morning welcome to squawk alley. Big tech feeling the heat today, executives from facebook, youtube, twitter are testifying on capitol hill. The hearing looking into whether or not social Media Companies are doing enough to battle extremist content. Separately, nbc nightly news featured Silicon Valley insiders, exgoogle employee, calling facebook a living, breathing crime scene for what happened in the 2016 election and doesnt stop there page one of the wall street journal, an argument for why todays tech giants may need one day to be broken up. Joining us, columnist from new york times, and larry hippo good to have you here on a day theres so much. Does it add up to one narrative, eric, or not are these disparate stories . I think the Common Thread is lack of transparency on the part of Tech Companies, they say they do no harm and are good for society, people are realizing products are somewhat addictive, there are some things about the product they dont understand, str
It was like five sessions between 25,000 and the zeseventh trading sessio. From january 4th to yesterday is when we saw the 1,000 point move in the dow oil breaking, which is a weird Reason Energy stocks came down as a result just the idea lets hold off for a second nevertheless, with all of that, the s p 500 still remains on pace for its biggest monthly gains since march of 2016. The nasdaq is still on its biggest monthly gain since july of 2016. Look at what happened overnight in asia, you will see the nikkei was down by a third of a percentage point back to this morning sorry, flipflop back to this morning, you are look at double digit gains or triple digit gains once again for the dow. This comes after last night the nikkei down by a third of a percentage point hang seng and shanghai stocks both ended higher bay quarter percentage point in europe, where you see the early trading this morning, you will see at this hour theres a bit of weakness. Dax is down by 0. 2 . Ftse down about
Need to be taken into consideration. Were covering them all. The president taking a big step today to help relief efforts in puerto rico. A live report from san juan coming straight up. Three months after a gunman nearly killed him on a baseball diamond, congressman Steve Scalise returning to capitol hill. The emotional response from his colleagues in a moment. Lauren back to the markets. The dow closing higher second day in a row. Nicole petallides watching action on floor of new york stock exchange. Investors looking at mcdonalds today. They like what they see, nicole. No doubt a nice upgrade giving boost to macdonalds. Majority of points thanks to mickey ds. It was up 2. 2 . Upgrade from Longbow Research to a buy rating helped boost the stock itself and added maybe 25, 28 points to thedown. Exxon, unitedhealth, american express, other winners there. American express new annual high. We talk about russell, talk about s p 500. Look at s p 500. 2510. That is a new record close. With th