For its best to days since august of 2015. The s p 500 on its best day since its post brexit rally. So after that big selloff last week and the week before, we are. Eeing some buy here are the two updates for the major averages, this massive selling action we have had over the last few weeks, and of course from the peak we are down by more than 5 for the major averages, but the first to update since the end of january, it is really kicking in to some degree the question is will it last . The drawdown from the recent offers excellent perspective, and we see as of last week the s p 500 well below its peak right now by about 7 or so, but we put this in the perspective of decades of trading action, it pales in comparison. Does it show on this, back in 2015, 2016, and it reminds me of something that each date it seemed to change whether the averages were day today, and it pales in comparison to 2011 and some other periods. Thes suggesting maybe selloff will continue, but again today we are
Found both flight recorders from a crashed russian airliner. They continue to look for other debris and the remains of the 71 people on board. The passenger jet crashed sunday not long after taking off in moscow. Russian investigators say it was not terrorism. Global news 20 for hours a day powered by more than 2700 journalists and analysts in 120 countries. I am mark crumpton. This is bloomberg. Vonnie it is noon in new york and 5 00 p. M. In london and 1 00 a. M. In hong kong. I am vonnie quinn. Julie and i am julie hyman in for shery ahn. Welcome to Bloomberg Markets. Vonnie from bloomberg World Headquarters in new york, hero the top stories on the bloomberg and from around the world that we are following. Quite are hanging onto substantial gains as treasury turns lower and yields higher after the worst week in two years for u. S. Equities. Rebuilding bridges, roads, airports. President donald trump releases details from his longawaited infrastructure plan, promising at least 1. 5 t
Lets head straight to the markets. On a hyman has the latest pretty sharp decline in the markets. Julie im just seeing a headline. The u. S. 30 year mortgages knowing 3. 59 according to freddie mac. Lower. Arching ever fascinating. We are seeing stocks fall back after the advance we saw yesterday. That basically reversed the declines from the day before. On the back of the fed minutes, the reader is relatively dovish and we are seeing those gains reversed once again. In terms of what is moving us we haveelecom stocks rates we are seeing the financials get hit again. In terms of the individual movers, we have a couple of downgrades. Estimates and price cuts on apple have been cut. People are holding on to their iphones longer. They are not replacing them, which is negative for apple. Verizon has been downgraded over jeffries. The margin is going to be os video by the fi platform. Betty the japanese yen is the other big story. Julie for sure. A remarkable level in the japanese yen. The d
Just as Joe Biden wants to save democracy by banning his political opponents from running for office and putting them in jail, liberal lawyers are now arguing that the only way to save the Supreme Cou.
The ongoing protests against Israeli Prime Minister Benjamin Netanyahu's Supreme Court overhaul reveal democratic weaknesses caused by both side if the nation's political spectrum.