Kick off the final hour of trade. Look at the dow jones industrials, down 40 points. Low of the session, down 291. So a big comeback here. The s p 500 down 19 points, but weve got breaking news on the nasdaq. Right now it is still falling deeper into the correction hole, right now down 122 points. Of course, it tumbled into correction yesterday. Right now the techheavy index though is well off the lows of the session. You can see low of the session a loss of 277, so weve chopped that in half. Yesterday though the composite suffered its worst day in eight months, clocking a 318point loss are. Alphabet really led the dive into correction with a bruising 9. 5 loss on weak cloud results, the google parent getting hit again this session, down 2. 69. Off the lows, but thats good for at another about another clip of 2. Yesterday was the worst performance for the stock in three and a half years. Microsofts 3. 1 gain wednesday was not enough to cushion either the nasdaq or the dow, and today it
Wallet hacks all of that isle coming up and more. See how we have to quote two different bitcoins because they trade in multiple places. Next, critics said truckers would not want an electric semi. Weve seen a number of new corporat corporate orders for teslas semitrucks a deeper dive on whats behind those buys. Thats a coo l story. Major biotech conference kicking off this weekend which companies could be big movers come monday after their data released. First to our top story, the november jobs report come inninn better than expected Steve Liesman joins us to break down the numbers. Michelle, this is a good number but o bit of a mystery when it comes to the jobs market the job market never gets tight. Take a look at the numbers, up 228,000. Overall impression from economists we should be slowing down job growth to better equal average hourly wages did not tick up, the Unemployment Rate did not change, neither did the Labor Force Participation right. Heres what ubs said, showed above
Micron, qualcomm, all following. These have been some of the hottest trades of the year is this the beginning of a bigger pullback or should you buy this dip dan . Its a tough one. Obviously we had microns earnings a week and a half ago they beat and got higher they were talking about nand pricing and dram this is a headwind for apples margins, theyre a big customer of apple for me, you have to think about this apple announcement, we see this every quarter whether its hush hush, whisper whisper, theyre not going to have the builds they did on this high end phone thats going to possibly affect their asps. Last quarter expectations were not particularly high because people knew the iphone x would be pushed out later into the calendar q4 and all of a sudden they gave this massive guide for units in this quarter, 85 million. I think at the end of the day you have a stock trading at 170, i think back then it was 160 if they were to come in line and guide, you know, down a little bit, i dont
200point gain in 2018. That compared to only six during all of last year. Today, financial stocks rose after some of the countrys biggest case reported their quarterly results. Here are the closing numbers. The dow jones industriaag advanced 228 points to 25,803. The nasdaq added 49. The s p 500 was up 18. And it was a strong week for all three. So how does this start to a year compare to others . What might happen next . Mike santoli set out to find some answers. Reporter stocks have accelerated into 2018 with a burst of fresh energy, making for the markets hottest start in 15 years. The s p 500 index has already gained 4 in 2018. The best return over a similar span since 2003 when it was up 5. 8 . 2003 turned out great for investors with a 12month rise up 26 . That year, stocks were just emerging from a nasty twoyear downturn that followed the tech bubble. Not exactly a similar setup for this year, which begins nine years into a bull market. Before 2003, the best year was 1987, known
Welcome to power lunch. Im michelle carusocabrera. Melissa said strong rally to end the week, the dow, s p 500, nasdaq, russell 2000, dow transports all hitting record intraday highs look at the Dow Jones Industrial average, dow 25,000 is so last week were 250 points away from dow 26,000 second straight week of gains, check out soft om movers within the averages amd downer today taking a hit. The company says its chips are susceptible to the specter security flaw. Its off 1. 5 . That flaw lets hackers steel sensitive information. Gamestop tanking about 10 retailer posting strong holiday sales, however, they took a big charge on iphone x related problems first ipo of the year, first energy ipo of the year Liberty Oil Field Services Soaring about 30 on its debut today. The ceos going to join us in just a few minutes tyler. Michelle, thank you very much welcome everybody. Im Tyler Mathisen lets tell you what else is happening at this hour the National Retail federation says holiday sales