Well ut dow posting its biggest oneday gain since early february. All ten s p 500 groups are higher with Energy Leading the way. Weve got bob pasani on the nyse floor, dominik right here at hq. What can key Technical Levels and josh lipton on the very tough month for tech. Bob, you first. Blastoff around the globe this week. China from the outset ended near the highs. Germany starts early today. U. S. Starts at 9 30 eastern time. Theres a pat he were here. Global buying. You can blame it on comments from the peoples bank of china officials. Whatever. Theres the s p futures. We actually gapped up twice. Once at 330 when europe opened and once at 9 30 when we opened. Were at the highs for the day. In terms of sectors, i have been of the opinion that we are seeing some end of the month rejiggering since the beginning of last week. Were seeing it again today. The biggest losers for the quarter are Energy Financials utilities, and industrials. Those are the only four sectors down on the qua
Outbreak . We speak to the companys ceo, coming up. Also lyft you know, lyft are raising another 150 million right now, the majority coming from carl icahn. Coming up well discuss how much this cash and icahns name can help lyft compete with uber. More of those puns are awaiting us. The story today, bill that has everybody talking from Silicon Valley to back here on wall street. What are carl icahns intentions and what does it signal about the prospects for these two in the markets . Exactly. The dow, well start with the blue chips there, up about 3 points. The s p roughly flat. Remember yesterday with the close of 2121. That was a new alltime high for the index. The dow is still 30 points away from where it needs to be. 18,288 is the number we need to keep an eye out for. 33 points shy at the moment. The nasdaq slightly under pressure and still has a few points to go as well if it wants a new high water mark. This is the third friday of the month, therefore, it is expiration day as we
Capped a strong week within striking distance of alltime record closing high. Blue chip index up to 18,127. The nasdaq gained 34 points rising for 5 Straight Days to get third highest close ever at 5026. And s p 500 up nearly 19 to 2108. In a week of big triple digit swings dont fight the fed. Stocks got lot of help after the fed wednesday dropped the word patient from its Interest Rate prognosis but basically said it will be patient about raising them. The dow rose 2 for the week. The nasdaq outpacing the others with a 3 rise and the s p. So its steepest weekly advance. But focus squarely this week on nasdaq that closed above 5,000 for the second time this year and on a few occasions this week the index was up when the dow and the s p were down. So why the recent strength in the index . Bertha coombs has our repo. Reporter the nasdaq is now within reach of new alltime high. And this time around says j. P. Morgans kate moore, the tech heavy index is driven by profits more than hype. We
Capped a strong week within striking distance of alltime record closing high. Blue chip index up to 18,127. The nasdaq gained 34 points rising for 5 Straight Days to get third highest close ever at 5026. And s p 500 up nearly 19 to 2108. In a week of big triple digit swings dont fight the fed. Stocks got lot of help after the fed wednesday dropped the word patient from its Interest Rate prognosis but basically said it will be patient about raising them. The dow rose 2 for the week. The nasdaq outpacing the others with a 3 rise and the s p. So its steepest weekly advance. But focus squarely this week on nasdaq that closed above 5,000 for the second time this year and on a few occasions this week the index was up when the dow and the s p were down. So why the recent strength in the index . Bertha coombs has our repo. Reporter the nasdaq is now within reach of new alltime high. And this time around says j. P. Morgans kate moore, the tech heavy index is driven by profits more than hype. We
Has real money you are most important part of the show tell me whats on your minds by beating me at ali velshi or fates book d. Com alivelshi. Oil prices are plummeting. It may not be a good news. Dont tell me you havent noticed it already. Crude oil fell nearly four bucks a barrel today to set at 81. 84. Four bucks is the biggest oneday drop in nearly two years. Oil is now about 25 a barrel cheaper than it was back in midjune, and oils pain has been your gain. Gas prices falling below 3 a gal none some parts of the country rich. Now i want to you think beyond your gas tank and consider some of the worrisome reasons that oil bryces are falling today. The International Energy agency, in Global Oil Demand this year, by 22 , to the slowest pace in five years. It also cut the forecast for next year. Now, listen, demand is still growing for oil. It just means its growing at a much slower rate. The reason for the slow down is simple and serious. Weaker Global Economic growth. We got another