The month, not just the Third Quarter. Like we are seeing a few new record highs we close on this day. S p in the nasdaq on track, so i will call the dow jones mostly unchanged. I want to look at the s p, on track for the eighth straight quarterly gain on tax reform. Trump coming out and saying tax reform will be the rocket fuel for the economy. And then the nasdaq here, up 6 10 of 1 , by far the biggest gainer of all of these. The last record close we had was on september 19. Keep up these games, we could see some new winners here. We are seeing a lot of these stocks on the nasdaq continue to outperform. They are driving the outperformance in the s p and the nasdaq. Im am focusing on facebook, that record high with 173. Closing in, but green on the screen. Deeper, micron technologys came out saying a market for the memory chips are good. So all of this playing in today. How do they compare that to the s p and dow jones because this can be very volatile route the quarter, like scarlet
Barcelona in moments. A lot of anticipation in the chamber. Madrid is ready to take action. The Spanish National police force set to be ready to arrest Carles Puigdemont if he declares unilateral independence. Maria is in barcelona with the latest. Lets get to you immediately and asked if tensions are rising in the streets in barcelona, or are . Eople just curious tensions rising and a show of force by the catalonia police. They have lots of the street and people cannot get in and out. Against thegroup unilateral declaration of independence and another one telling him to do it. It shows you how polarizing the issue has become. Carles puigdemont has arrived and is inside parliament and minutes away from delivering what could be a unilateral declaration of independence. We are not sure of the wording, not sure of the format that may take place. We are not sure if the opposition will get a say. They have a majority in the Catalonia Parliament and if they want to enact this law that could
Difficult to figure out the overul direction where stocks are going to go. The dow finished down 45 after being down as much as 184 points. Nasdaq lost. 49 percent. Sometimes the stock market reevaluates the entire basis of companies we follow because of one metric. The metric of oil. You know, i have said to you over and over again we should never underestimate the power of the market to do stupid things and the most stupid is a rally based on the price of oil, which is exactly what we got when the averages uturn pretty much in sync with the uturn it crude. No matter the largely companies that would be better off if oil fell. Weve come to accept this loon ascy as gospel. But thats not the nutiest part of the stock market right now. I think its the kind of weird back and forth were getting of some of us Largest Enterprises thats really driving us craze crazy. The stock of the wells fargo after last nights resignation of ceo john stumpf because of whats now widely regarded as a massive
Sometimes the stock market revaluates the entire basis of companies. We follow because of one metric, the metric of oil. You know, i have said to you over and over again we should never underestimate the power of the market to do stupid things, and the most stupid is a rally based on the price of oil, which is exactly what we got when the averages uturn pretty much in sync with a uturn it crude. No matter that the leaders of todays market were largely the companies that would be better off if oil fell. Weve come to accept this lunacy os but thats not the nuttiest part of the stock market right now. I think its the kind of weird backandforth, intraday revaluation were getting of some of us Largest Enterprises thats really driving us crazy. Theres no better example of a revaluation and then frankly a rerevaluation than that of the stock of wells fargo after last nights resignation of ceo john stumpf because of whats now widely regarded as a massive multimilliondollar now, at first in aft
Cramer at the New York Stock Exchange. Stocks set to open the highs of the year with a nice wrup side surprise. Upside. And oil up. Tenyear remained huddled around 2 . The market alltime highs. S p within striking distance. And dow, 18,000 yes, back within reach. American food giants getting hit this morning, well have more on kraft, kellogg, conagra and campbell soup. And jack ma fired up his employees with quote, we havent been that satisfied with our results. The dow looking to bounce back to 18,000 s p is within striking distance of that record closing high. The Economic Growth in the eurozone it accelerate in the fourth quarter. German gameday up 2. 7 on an annual basis. Athens is up 4 . The highest since december jim, were going to get this done . Oh yeah it will be done. A stretchout. First about six points and then lengthen ma turitymaturity. You could say its kick the can down the road. Spain, i like the turn there. The doubledigit gains in europe. Of the cisco talked about do