David social networking has been beaten down for quite a few months now, but today was a great day for zynga, up 9 , group one doing well and facebook. All doing well. Nicole a lot of that comes from the unexpected quarterly profits. Liz another volatile name. Nicole up 6 pulling back with positive comments. You have had the ceo on a number of times. David we are listening to the bells ringing on wall street. Kind of a mixed day on wall street. The dow managed to come into the green, the s p exactly the same percentage point at least for now. The nasdaq unable to hold onto any kind of games although down just a tick, the russell 2000 actually the best gainer of all. Liz ending in the green for the s p and the dow, a big fight back certainly. One of the bright spots today, the best performers getting a lift from earnings from ralph lauren, time warner among the best gainers. Ralph lauren the best performer on the s p. David commodities that deal with things that we make and rebuild. A b
Points, the nasdaq down 21, and the s p slipped by 4. Gold was up 6 dollars and oil 14 cents. Apple tops estimates the tech giant reported earnings and revenues that were better than expected after the close. Iphone sales reached a record, but ipad sales came in short. The sec is accusing a texas man of running a Bitcoin Ponzi scheme. He allegedly raised 4. 5 million from investors in multiple states. Whats tap in to the trading mind of Mark Sebastian of option pit mentoring. Good morning, mark. Good morning, angela. 1700 is within sight for this s p 500. What do you think . I think were going to trade there. Weve seen market volatility really fall off at the last 20, 30 points of this rally. That shows me that the market is starting to really buy into this. And were back into kind of the april, may, earlyjune portion of the market, where we had this slow crawl higher. A lowvolume market is one thats going to tend to creep higher, and i think thats what were seeing. Dont be surprised i
Largerthananticipated loss, profits at newscorp doubled, and business remains brisk at visa. Yahoo and google have an ad deal. The rival Internet Companies reached an agreement to have google display ads on yahoo sites. The wall street journal reports American Airlines and u. S. Airways may announce a merger in a week or so. Shares of u. S. Airways flew higher. And let it snow ski resort owners in the northeast are thrilled a foot of snow could drop by friday, making for a powderpacked weekend. Mark sebastian of option pit mentoring joins us now for a closer look at the market. Good morning to you. Do you suspect with the strength that we have had in this market, that some people are going to want to take profits here mark . You know, maybe, but i wouldnt. I think we are due for a breather here at this 14,000 level in the dow. But there are going to be a lot of investors that see this train that has already left the station and want to get onboard. I think we are going to see an alltim
Capital requirements and the like. Bank of america was the good news. That really held strong all day long on the dow jones industrials. Jpmorgan on the other hand not so much obviously with those fed findings coupled with the fact theyre in washington facing all the questions about the london whale. A tough day for jpmorgan. Sandra happy friday, to you, nicole. Were seeing groupon seeing a huge rally. Up 7 . Investor bill miller say he is very bullish on the name right now. Right. We saw that Early Morning before the opening bell. That has been the trend all day. All you need one big guy on the street with positive comments and a big move. Much like the analyst call. David then we have apple which is popping despite this new Samsung Phone which i think has been overhyped, this ithing. Not quite what it was pumped up to. I know what you mean. Eye scrolling technology. David not really eye scrolling. Head moving. Not eye scrolling. Whatever it is. You know what . Apple is popping today.
Shaking it off. Stocks soared yesterday, with the dow once again topping 14,000. The s p is reclaiming 1,500. Gold lost 18, and oil inched up. It could be a rough day for jc penny and groupon following earnings. After the close, jcp shares fell 10 . The retailer racked up more losses. And groupon fell 29 in heavy trading because of poor earnings. And the senate voted to confirm jack lew as the new treasury secretary. The final vote was 7126. We are ready for liftoff on this thursday with Mark Sebastian to take a look at trading. He is with option pit mentoring. Good morning to you. Should investors worry today about the sequester . I dont think so. I really dont think so. If you watch the political channels, they are talking about it. If you walk around the floor, nobody is really talking about it in terms of Financial Markets. And nobody seems to really care. And if the Financial Markets were really worried about this thing, we would have seen them selling off, as opposed to yesterday