The sessionk at highs. S p 500 of by nearly 1 . Dow up by. 8 . Nasdaq by. 7 . We are digesting the news on betterthanexpected u. S. Consumer sentiment. As well as the expected surprise drawdown in the u. S. Oil inventories on the order of about 5. 9 Million Barrels last week. With all of this, lets look at the s p year to date. Take a look at this. S puld like to have the year to date, if you can possibly get that up. Up 1 on the intraday. I want to bring the year to date because we are. 1 away from flipping into the green. It will be four years in a row of gains. 1 away from the positive december. If we do see that maybe we will see this rally. Dox so much of that had to with the surprise drawdown in u. S. Oil inventories. We have seen oil and stocks someone moved together, Energy Stocks taking off. Ramy definitely in tandem. Lets look at the nymex crude. The biggest jump in the past two days. 30 day of gains in a row. Up by 3. 7 . We saw the highest spike earlier when the number came
Call him that. That is some indepth reporting. Lets look at what is going on we have this decline going on asoss the board, though just commodities led the major averages higher, we see energy lead declines today. Now down 3. 4 . We had some chinese Economic Data out overnight in addition to chinese stocks falling. Aboute iran talking prioritizing increasing its exports. This is going back to energy stocks. Smaller and midcap Oil Companies are also feeling the pain. Chesapeake Energy Falling today in addition to the three. Brendan sadly it is still relevant, how are metals doing . The outlier in energy today is natural gas. Changingt different weather, we see copper and gold declining once again. Freeportmcmoran is down once again. Troubles compounded by the fact that it chairmans parting the company. One of the founders has been an executive for a long time and he is leaving after an agreement with the board to do so. Freeport has been struggling in this looks like a reaction to that
Nations . And how a nonprofit named lifevest is encouraging kindness all around the world. But first, headlines. Twitter shares lows up more closed up more than three percent. The company has room to run in digital advertising. , amazon prime had a recordsetting Holiday Season. Amazon shopping jumped 20 during the Holiday Season. However, ups packages were not delivered on time. Ups blames backup, but says that everything is getting out. The stock is trading flat today. Retailers are hoping that the day after christmas will get , may beack in stores gift cards or exchanging purchases. In the Senior Vice President of Mastercard Advisors and the chief executive of the National Retail federation. What does all the information tell you about shopping from now until new years . What is very interesting is that first of all, the shopper came and shopped over the holiday. 2. 3 , which we were very excited about. Shopper willt the continue because they understand that there are promotions. The
Continuing with his purchases of about 40 billion, also 45 billion treasuries. These guys certainly have not forgotten, benefiting from it. Liz probably not a good sign for global change. Plunging more than 8 earlier today. That is the biggest drop since 2008. This is the index giving investors inside the Global Supply and demand trends by measuring changes in the cost to transport things like raw material. Often considered a leading indicator of future growth. David while gold could not get the pop a lot thought it would, look at oil, up over 1 . It was a little higher, ending off of session highs, but they were encouraged by the fact not only was ben bernanke going to be printing more money but also the china seems to be gaining little bit of steam. Good day for oil traders. Liz purchasing 85 billion in bonds per month saying it will keep rates low until we see the implement rate fall below 6. 5 . That is historic, folks. And then said probably mid2015, which is what they have said a
This is n. B. R. Susie good evening everyone. Im susie gharib. Tom hudson will be along a little later in the program. Hohum sales for the nations retailers this christmas, ringing up the worst Holiday Season in four years, we talk with a top retail analyst. President obama and congressional leaders cut their vacations short, to deal with fiscal cliff negotiations. They have five days to make a deal. And housing continues to be the bright spot in the u. S. Economy home prices post their biggest advance in two years. That and more tonight on n. B. R. christmas may be over, but the Holiday Shopping season continues. Many consumers hit the malls today to return gifts and buy what they really wanted. And this is the time many gift cards get redeemed. But for retailers, holiday sales so far have been a flop. Sales in the two months leading up to christmas, rose just 0. 7 , according to Mastercard Advisors that tracks the numbers. Thats way below what the Retail Industry was predicting. Erik