Jpmorgan issued upbeat results. By the close, the Dow Jones Industrial average rose 227 points to 16,379. It had been up more than 300 at one point. The nasdaq gained 88, the s p 500 reclaimed the 19 hubz level rising 31. Bob pisani now with more on todays comeback and why investors shouldnt breathe easy yet. The joke has been wall street is selling stocks to play the lottery. Now that the lottery is over, the markets rallied. First jpmorgan had a strong Earnings Report preopen. Futures did rise. Second, oil staged a sharp rally right after stocks opened. Finally and perhaps most importantly st. Louis fed president James Bullard said this morning the continuing drop in oil had caused a worrisome drop in inflation that may make further rate hikes hard to justify. Hey, that is a very big statement. Bullard is a centrist and voter on the fomc this year. Is this the bottom . I dont think so you. First were still dealing with the Biggest Issue of all just how much is the Global Economy dece
Jpmorgan issued upbeat results. By the close, the Dow Jones Industrial average rose 227 points to 16,379. It had been up more than 300 at one point. The nasdaq gained 88, the s p 500 reclaimed the 19 hubz level rising 31. Bob pisani now with more on todays comeback and why investors shouldnt breathe easy yet. The joke has been wall street is selling stocks to play the lottery. Now that the lottery is over, the markets rallied. First jpmorgan had a strong Earnings Report preopen. Futures did rise. Second, oil staged a sharp rally right after stocks opened. Finally and perhaps most importantly st. Louis fed president James Bullard said this morning the continuing drop in oil had caused a worrisome drop in inflation that may make further rate hikes hard to justify. Hey, that is a very big statement. Bullard is a centrist and voter on the fomc this year. Is this the bottom . I dont think so you. First were still dealing with the Biggest Issue of all just how much is the Global Economy dece
Jpmorgan issued upbeat results. By the close, the Dow Jones Industrial average rose 227 points to 16,379. It had been up more than 300 at one point. The nasdaq gained 88, the s p 500 reclaimed the 19 hubz level rising 31. Bob pisani now with more on todays comeback and why investors shouldnt breathe easy yet. The joke has been wall street is selling stocks to play the lottery. Now that the lottery is over, the markets rallied. First jpmorgan had a strong Earnings Report preopen. Futures did rise. Second, oil staged a sharp rally right after stocks opened. Finally and perhaps most importantly st. Louis fed president James Bullard said this morning the continuing drop in oil had caused a worrisome drop in inflation that may make further rate hikes hard to justify. Hey, that is a very big statement. Bullard is a centrist and voter on the fomc this year. Is this the bottom . I dont think so you. First were still dealing with the Biggest Issue of all just how much is the Global Economy dece