About three points going lower here, and the nasdaq were keeping an eye on that one. Its going to be all about the nasdaq this week. Eerily similar to the exact same time of near 15 years ago the nasdaq closed at alltime highs. Its closing in on 5,000. It just turned negative on the session. Were off five points. 4,963 is the level. Were talking about 35 points away from crossing 5,000. Well have lots of numbers coming up on this. Obviously on an inflation adjusted basis you would have to of that index at 6,800 to have it equivalent you could argue. You have that number just right at your fingertips. We were just looking at it but a lot fewer companies as well. In the nasdaq this time around you have Something Like 2,500 companies versus 4,700 last time. Janet yellen getting grilled by the house on the feds independence. They were pretty feisty. Well get reaction from House Financial Services Committee Chair Jeb Hensarling coming up later today. They were really going after her. Oh, ye
Over again . People are talking about whether a new tech bubble is forming. How many times will we have this discussion . The more, bill, this activity picks up, the more people will question some of the valuations. Is it a legitimate worry . Is there Something Different this time . Well explore this issue. Have you ever played candy crush . No. I havent either. We are no candy crush, no house of cards. Were living in our own little bubble at the new york stock exchange. Also, its the pharmaceutical deal that has carl icahn tweeting again. Actavis is buying forest labs. Paul bisaro will be joining us, a first on cnbc interview, to tell us what was behind that move. A reminder of where we stand in markets, the dow shedding 13 points this hour in an up and down session. The nasdaq looking pretty strong today. Its adding threequarters of 1 . Finally, the s p 500 up just a couple. So barely positive. 1,841 is the level were watching right now. Lets talk about this market as we watch it dri
He says we could see a 20 move lower in stocks. His view that he wrote about on cnbc. Com has caught fire with readers. Now hell be here to make his cl case exclusively. Now cocacola defending itself on the program. David winters will be here this hour to respond to what coke is saying earlier this morning. This is a battle thats now escalating. You wont want to miss the latest chapter. Again, thats an exclusive interview coming up. All about compensation and governance. Of course, tomorrow all eyes will be on the employment report for the month of march. But what if we told you the key to americas jobs market rests with exconvicts . Do not scoff. Theres data that explains this and something that new fed chief janet yellen did this week has highlighted that very issue. We have a special report coming up today on closing bell. Heres where we stand in the marke markets. The dow off 23 points at 16,549. Take a look at the nasdaq, which is off by more than 1 . Its almost 50 points lower to
The s p down 2. The s p 1848 to stay in the green for the year. Im gonna point out, like you did the russell, again, significant, right . The people who are watching the market closest keep points to the fact that the russell has been able to get positive and outperform the s p thats a critical sign. Transport, the russell a he is on pace for its first winning week i believe in seven. The transports performing well, too, two key symbols to keep an eye on, try to figure out where the markets are going. Joining the closing bell exchange, Diane Garrick is here from clear alternatives, darryl crom from wells fargo, bob kaiser, Kenny Polcari from oneil securities and our own rick santelli. Welcome, one and all. Kenny, what about the activity today . In this down we are seeing now what do you think that is about . Very normal considering where we have been and the action we have had of late, right . The mark lets some violent selloffs the last couple of days. We have tested a new low down at
Investors happened around 10 00 eastern time this morning. We had a pretty good rally on the open and then it just fell apart. The dow was up 75 on the open and then down triple digits much the of the day, but were coming back even though we had pretty decent earn from Johnson Johnson and verizon. A lot of the guys are starting to leave to get ahead of what could be nor thanksmore nasty weather. The dow is off about 41 points. Braving the storm and making his way to the New York Stock Exchange is johnson and johnson alex gorsky. A more modest outlook for 2014 is hitting this dow xlonant today today. Apple, a positive report on the company has investors optimistic. Its up 1. 6 now. So is wall street ready to love apples stock again . And is retaking 700 out of the question for this year . Not out of the question. Were at 550 today. Well take a closer look at one of the most owned and certainly one of the most interesting stocks out there, apple. Yeah. And weve got a ton of tech earnings