Of the maj indexes we follow for you here on nbr closed at records today, something that hadnt happened simultaneously since 1999. Back then technology played a big role in driving the markets. A combination of factors that boosted investor oil prices, strong earnings from Department Stores and positive news on the jobs market. Lets get right to those recordbreaking numbers. The Dow Jones Industrial average added 117 points to a record 18,613. Nasdaq up 23 to a record 5228 and the s p 500, ill say it again, gaining 10, a record 2185. As for domestic crude, it settled up more than 4 on comments from the Saudi Oil Minister about possible action to stabilize prices. Bob pisani at the New York Stock Exchange has more now on what drove stocks to historic highs today. Reporter how did we get to new record highs . We did it the oldfashioned way. We rotated into it. For most of the year investors chased anything that paid a dividend, telecom and utilities and Consumer Staples and reits and sin
Alix and we will be previewing that speech. Were going to speak with the chief Global Equity strategist in just a moment. But first, checking on the market heres. Calm, but overall no, big positions being put on ahead of riday. Jonathan futures doing ok. Equity market in europe they can d. A. X. Up agassi. 8 . Ftse up. 5 . He story in the f. X. Market is weaker. You see in the stronger cable rate, we have a 132 handle very briefly on the pound against the u. S. Dollar. In the commodity market, the retracement continues. Big week on w. T. I. We come in at. 9 on w. T. I. We trade with 4698. All the focus on treasuries still. 10year yields higher up two basis points. I will say though another auction, more supply. Thats going to be a focus 20 e twoyear notes are billion worth. Alix now lets go around the world with check in with more top stories with caroline. Could it be a 50 premium on before any of these talks started to be decimated . Its been a roller coaster for monsanto. But it loo
Today to just about 29 a share, easily making it the bestperforming stock on the Dow Jones Industrial average. And shares rose despite reporting revenue that fell short of expectations. Mary thompson has more on whats going right for ge. Reporter in what Ceo Jeff Immelt called a slow growth and volatile environment, ge held the line on costs and helped by strength in its aviation and transportation businesses beat earnings expectations in the Third Quarter. Crisp execution in tough markets, thats the hallmark of a wellmanaged company. Reporter even as revenue missed forecasts, immelt reiterating the firm should meet its profit targets for the year, which is turning out to be its most transformative ever. The firm is ahead of schedule on its plan to sell 200 billion in assets for its finance arm aas it shrinks the once mighty unit. Its about to close on its largest deal ever, the purchase of the french Power Company alstom. And if conditions permit it will sell its stake in synchony thi
Easily making it the bestperforming stock on the Dow Jones Industrial average. And shares rose despite reporting revenue that fell short of expectations. Mary thompson has more on whats going right for ge. Reporter in what Ceo Jeff Immelt called a slow growth and volatile environment, ge held the line on costs and helped by strength in its aviation and transportation businesses beat earnings expectations in the Third Quarter. Crisp execution in tough markets, thats the hallmark of a wellmanaged company. Reporter even as revenue missed forecasts, immelt reiterating the firm should meet its profiul targets for the yea, which is turning out to be its most transformative ever. The firm is ahead of schedule on its plan to sell 200 billion in assets for its finance arm aas it shrinks the once mighty unit. Its about to close on its largest deal ever, the purchase of the french Power Company alstom. And if conditions permit it will sell its stake in synchony this month a move that will let it
Today to just about 29 a share, easily making it the bestperforming stock on the Dow Jones Industrial average. And shares rose despite reporting revenue that fell short of expectations. Mary thompson has more on whats going right for ge. Reporter in what Ceo Jeff Immelt called a slow growth and volatile environment, ge held the line on costs and helped by strength in its aviation and transportation businesses beat earnings expectations in the Third Quarter. Crisp execution in tough markets, thats the hallmark of a wellmanaged company. Reporter even as revenue missed forecasts, immelt reiterating the firm should meet its profit targets for the year, which is turning out to be its most transformative ever. The firm is ahead of schedule on its plan to sell 200 billion in assets for its finance arm aas it shrinks the once mighty unit. Its about to close on its largest deal ever, the purchase of the french Power Company alstom. And if conditions permit it will sell its stake in synchony thi