Once again today. In fact the nasdaq broke tough 9,000 the First Time Ever. It now risen 11 straight sessions making it the longest win streak since july of9. 2 s been quit a trip to the 9,000 level. The index at 325 back in 1990 before the d bubble pushed it to 5,000 for the first time by thend of th decade. Then came the huge decline leading to the 200 recessio in fact it didnt get back to 5,000 until only to be hit once again by the great recession. It hit 8,000ast and today its first close above 9,000. Here are the closing numbers for today with the dow u10 a points now at 28621. The nasdaq ros9 today and s p added 16. Frank holland starts us off tonight on the Nasdaq Record run. The road to ntds was paved with compute chips yoga pants and lattes its not surprising that chips are arj factor. Amd seeg the biggest improvement since the nasdaq crossed the 8,000 mark in august of 2018. Lam research and broadcom gaining more than 50 . Consumer stocks pushing the nasdaq higher. Yoga pant
Taking that road, the top most aggressive cities when it comes to driving ranked. Boy is rahel solomon going to be upset about this one Worldwide Exchange starts right now. Good morning and welcome stock futures are pointing to another record open for the major averages as the dow looks to lock in the 22nd record close of the year. The s p on its 32nd record close. Since 2013, when it gained around almost 30 . If it can ink out another 0. 4 , it will have been the best year since 1997 so a big move. Major investor attention on the nasdaq after it closed above the 9,000 mark for the First Time Ever. Just 486 days after closing above the 8,000 mark the faang name playing a role in that move. You can see hear the faang stocks facebook actually up about 19 amazon marginally lower. Netflix down and apple a major driver for that faang outperformance more on that move to 9,000 in a moment lets go worldwide we are seeing markets opening since christmas. The shanghai about flat. Nikkei down abo
That is all ahead but we begin with seema mody and the Market Action today seema, it was record highs to start. Were not there yet, though. Yeah. Thats a great point, dom. Three hours left in trade. Take a look at the screen. Were actually losing a bit of steam. Nasdaq now down just about three points s p 500 higher by four and the Dow Jones Industrial higher by 64 points. Nasdaq, if it gets back into positive territory, it would be on track for its tenth consecutive close. That would be the longest strea since 1997 and it really has been a strong weak lets break down when stocks have been leading the charge as you can see, it is primaril technology apple. Intel. Amazon in fact, amazon stock now playing catchup on track for its biggest oneweek advance of the year in response to those strong Holiday Shopping sales stock up about 6 . Also, want to draw your attention to shares of nike. Sitting on yet another record high this afternoon. Consumer edge overnight raising its price target and
Best performing s p 500 stock the past decade. Lets get nasty now can you name the worst were naming names on the dog of the decade all right all that ahead with you we begin with the major headwinds from American Airlines shares of aal tumbling today after Wolf Research said the Company Likely wouldnt meet guidance for the next carrier merp sits amid major tushlens. The fleet of max planes are grounded underperforming rivals like delta. And far underperforming the stock etf ticker jets look at the chart. American is the white line, the wrong direction. Does in stock, American Airlines, gina, deserve a ticket out of our into our portfolio. I think its rough for American Airlines. If you look at the forward aggressive Forward Guidance is wasnt that aggressive they are looking at 4. 5 growth. American airlines the last zaekd are decade has grown zero jets has been pushed by Alaska Airlines and southwest those have been the only profitable airlines. Superprofitable airlines this past deca
Make their singhas biggest theye day moves as move toward a brexit deal. President trump says u. S. China trade talks are going very well. They continue in washington today. Plus, reports of an explosion on jeddahian tanker near send oil prices spiking. Matt we are 30 minutes away from the european open. I have got those oil prices on my screen. This is a threeday chart of brent crude. It has been climbing anyway on optimism for a u. S. China trade deal, so it was already up to almost 60 a barrel. Now it has jumped over that at 60. 40 on these reports, first from reuters, then from the oil news agency that i missile has struck an oil tanker and it is leaking oil into the red sea. Lets take a look at futures here. Weer we saw stackocks rally, are seeing futures rise on european indexes as well. On thet on the dax, and continental indexes, gaining when you have a big rally in the pound, then you expect to see a loss in equities, that negative correlation. Is it breaking down . I know you