Im Katie Greifeld in new york. Take a look at markets this morning. Near alltime highs, but a little over today if you take a look at the s p 500, slightly in the red, down by about 0. 2 . Of course still above 5100. Look at the nasdaq 100. Losses getting a little more serious, down about 0. 8 . That follows a big update yesterday. You can see volatility rising a little bit. The vix still below 14, but inching higher and higher. Lets get to what is happening this hour. That is the house voting on a bill that would force chinese tiktok parent bytedance to sell it or face a ban in the usa. The company is planning a full legal fight if the bill becomes law. Junkie double o streams me from washington. Jackie double os davalos joins me from washington. Jackie as you know, the house or the senate have not found Common Ground to agree on almost anything except this bill. It is a bipartisan effort that was brought forth by the House Republican chair of the select committee on china, Mike Galla
Forecast for profit. That is coming up in just a bit. Im Katie Greifeld. He markets at the moment, quiet at alltime highs. We broke to the levels on both the s p 500 and nasdaq 100 yesterday, still hovering around there. Taking a bit of a breather. The s p 500 only up by. 1 . The same story at the nasdaq 100, the big tech benchmark currently higher by. 1 . When you are at an alltime high, maybe it is not worth complaining. In the bond market, a little bit of a selloff. Yields on the 10 year currently higher by three basis points but well below where we were with the 10 year currently trading at 4. 36 . Lets get back to earnings. Sales at walmart surging as wealthy shoppers flock to the retailer. The company posting First Quarter sales growth along with a better than expected full year outlook. Consumers getting staples or big purchases. Is this a trade it down that we are seeing a boost in walmart . Yes, it is. It has been one of the big fisheries when the surge we had. Consumer being
Leading the rally today, tech, discretionary, industrials. Meanwhile safe havens are biggest laggards in the market. Dom chu looking at the stocks that got us back to alltime highs. Dom. Its an impressive run, but remember were just where we were a year ago. First of all know the s p 500 since that time up about 5 the last time we saw that record high may 20th intraday 2015. Since then the utility sector, defensive ones like you talked about gaining the most in the s p. Meanwhile energy up the least in that amount of time as well. Something to watch out for as we move from record levels to new ones today. Look at points stocks individually done really well. First of all ulta salon, up 67 just since the last time we hit a record high, beauty products, personal Care Products a big part of that story. Another one, second best performing stock since then, one that we all know about, its amazon. Com. Those shares up by about 78 since the last time we saw record highs. So amazon continues th
The netherlands. Yeah, were watching that story today. Also today on the fourth anniversary of the controversial dodd frank financial regulation, the two authors of the bill are here exclusive. The law by many measures still incomplete in many areas. We will get the reaction of chris dodd and barney frank to where the bill stands today, the impact that its had and a lot more. Looking forward to that very mu much. Also, netflix bucking the trend today, trading higher by about 1 ahead of earnings that are due out about an hour from now. Netflix kicking off an avalanche of major earnings from some of the biggest and most Influential Companies on wall street. We will have the numbers, we will have the analysis, the market response, all of that that only closing bell can do, so dont go anywhere. Yeah, were really getting into the thick of earnings this week. After hours today. It picks up tomorrow morning. A lot to watch for. Heres where we stand on the markets right now heading toward the
A turning of the tide, big selloff yesterday of 238 points, asia down big overnight, europe down especially hard this morning and we were down, as you said, 130 until noon thereabouts, the return there. We are seeing plus signs right now for the most part. Lets check the rest of the market here, the s p and the nasdaq. We are getting closer to our boards here, our positive as well, the s and p up 3 1 2 points, 1949. The nasdaq is also higher by 16 points, see the russell two, guys, leading the way, the big laggard to the downside is the big gainer to the upside today with a gain of 1. 25 . I just want to mention because i mentioned this on street signs as well, bill, but friend of show was actually suggesting that maybe yesterday and the way there was maybe leading the market down or one of the reasons why it was leading the market down, maybe this capitulation and early on this morning down by 11 from its highs. Fully in correction territory and maybe the correction in the russell 2 k