The Reagan National and washington but we talk about the airlines with edward and we start with you. Reporter yet, friday rally. Not seeing two days of gains a row and we not seen that and wrote while but they come back in today and closing near the highs of the session for all three major averages with the exception of energy all of the sectors were in the green, led by technology and the tech trader regained its momentum today. Lets take a look at apple shares up around 4 today all of these names, higher on the week with the exception of google just fractionally lower in the nasdaq higher this week but the Broader Market down or weeks in a row and is the longest losing streak since last august, augus. As you can see, the dow down one and three quarters of the week. S p down. 6 but the nasdaq certainly higher. In fact we have one dow stock that actually notched a record high today, that was a nike on a solid blowout earning report and their revenue is just about where it was last year
No nationwide lockdown thats the message from President Trump as the feds deal with a growing list of hot spots around the country and why the white house is saying it wants to cut any deal between microsoft and chinas tiktok it wants a piece of the action tuesday, august 4, 2020. Good morning im dominic chu in for Brian Sullivan today kicking off your Tuesday Morning with some stock instability. The dow down some 40 points, the nasdaq down 40 points as well. The s p off by 18 points the market rallied after capping off a win streak the dow rallied more than 400 points as you are seeing in this time lapse from yesterday. The index hitting another alltime high with the 29th record close of the year so far. The tech sector broadly higher closing in on its alltime high as well. The S P Technology center up 24 gains year to date sales force, microsoft, facebook, take two interactive, qualcomm apple, after a more than 10 gain on friday closing up another 2. 5 , the stock is now just Percent
Heres the markets performance this thursday morning. Not paying much attention to those jobless numbers. We are going to be down pretty much across the board. The dow industrials on the down side to the tune of 200. The s p down about 20. The nasdaq, not much of a loss there, down 12 points. Now, ive got some negatives to lay out for you. This may be a negative. Several states report big spikes in virus cases following their reopening. Its the second wave worry. Number two, medical authorities in beijing say the new outbreak has been controlled, their words, but virus statements out of china dont have much credibility with investors. Heres another one. This is not helping. The European Union will go ahead with its plan to tax big American Technology companies. The u. S. Has withdrawn from those talks. This too might be hurting investor sentiment. John boltons book, very negative on the president. Bolton says that everything he does is geared to his reelection and that includes shifting
U. S. We are the latest to take a look at Something College and then i pod and explain whether theyre about to order for the 1st time in history was the goal of others is what we dont manufacture enough not just products but critically important medicine weve got a live report so much to get through today so lets get started. And the panic plunge continues thursday as the optimistic dip buyers who stepped in yesterday got smoked Global Markets around the world are all in correction territory defined as being down 10 percent or more from their recent highs wiping off more than 3. 00 trillion dollars from Global Stock Markets given how fast this drop was many economists are pointing to the coronavirus as a true black swan event in a span of just 6 days the u. S. Market went from record highs to correction territory with the dow down over a 1000 points today over 3000 points for the week not securities reports said this plunge is the only the 2nd time in history. That this has happened th
10 year treasury yield hit a new record low below one and a quarter percent as investors clamor for safety Goldman Sachs is projecting 0 percent growth for the u. S. Companies this year given the severe decline in chinese Economic Activity disruption to the supply chain elevated Business Uncertainty and low demand for u. S. Exporters this is a drastic deviation from previous consensus which is still pricing in a 7 percent growth european equities to 3. 6 percent lower and officially entered correction territory with the cac the dax and the flat the all down but lets take a quick look at asia while the west is swimming in a sea of red the shanghai composite the hang thing and the cent and index are all positive china sports have reached a turning point as crane operators customer operators and other key logistic links begin to slot back into place turnaround times are starting to improve as the ports work to clear up the backlog official numbers continue to show a drop in new cases and