The blue chip index, dow index, increased more than 150 putting 16 trillion into the pockets of investors according to wilshire associates. Dominic chu takes a look at the stocks and sectors driving this bull run. Reporter for some it seems like so long ago and for others the wounds from the financial crisis are still fresh. But the market has come a long way since bottoming out on march 9th, 2009, and that was the day, remember, stocks hit a closing low during the crisis. Since that day, the Dow Jones Industrial average is up close to 160 . The s p 500 index has gained about 190 . And the nasdaq composite is up a staggering 265 . Taking a closer look at the industries and sectors that have really been driving the gains, its been Consumer Discretionary or retailoriented stocks that have really led the way higher followed by financials then industrials. Each of those sectors is characterized as cyclical means companying within them are closely tied to the up and downs of the overall eco
The blue chip index, dow index, increased more than 150 putting 16 trillion into the pockets of investors according to wilshire associates. Dominic chu takes a look at the stocks and sectors driving this bull run. Reporter for some it seems like so long ago and for others the wounds from the financial crisis are still fresh. But the market has come a long way since bottoming out on march 9th, 2009, and that was the day, remember, stocks hit a closing low during the crisis. Since that day, the Dow Jones Industrial average is up close to 160 . The s p 500 index has gained about 190 . And the nasdaq composite is up a staggering 265 . Taking a closer look at the industries and sectors that have really been driving the gains, its been Consumer Discretionary or retailoriented stocks that have really led the way higher followed by financials then industrials. Each of those sectors is characterized as cyclical means companying within them are closely tied to the up and downs of the overall eco
The blue chip index, dow index, increased more than 150 putting 16 trillion into the pockets of investors according to wilshire associates. Dominic chu takes a look at the stocks and sectors driving this bull run. Reporter for some it seems like so long ago and for others the wounds from the financial crisis are still fresh. But the market has come a long way since bottoming out on march 9th, 2009, and that was the day, remember, stocks hit a closing low during the crisis. Since that day, the Dow Jones Industrial average is up close to 160 . The s p 500 index has gained about 190 . And the nasdaq composite is up a staggering 265 . Taking a closer look at the industries and sectors that have really been driving the gains, its been Consumer Discretionary or retailoriented stocks that have really led the way higher followed by financials then industrials. Each of those sectors is characterized as cyclical means companying within them are closely tied to the up and downs of the overall eco
The only performing as in in the stocksector today is oil , what a move weve had in oil in the last hour, as speculation firstly arrives that there might he and opec, nonopec meeting, and of course it is denied by various opec delegates, showing the skittishness of the market. Yesterday we talked about europes secondbiggest drug maker. It derived more of its earnings from companies that high high that have countries with high levies. Europes secondbiggest clothing retailer, also down by 5 . Weve had unusually mild Winter Weather here in europe. That has prompted discounts as well. The company said it will get no wrists bite from the strong dollar in the first quarter. From the strong dollar in the first quarter. Johnnie walker whiskey, smirnoff, captain morgan rum, you know this Company Betty what are you talking about . Mark you cant kid a kidder. Basically earning speed, but they underwhelmed analysts. Its all happening, and earnings dictating the move of the stoxx 600 today. Betty a
It crossed the mark briefly today and solidified that position after recording solid Fourth Quarter earnings. Its lift bid strong sales of online ads and tighter cost controls. The company whipped expectations earning 8. 07. Wall street was looking for 8. 10. There was an increase of 17 from last year. The result sent shares of alphabet higher in initial afterhours trading. This was the first report to separate googles main search business from risky investments like selfdriving cars and glass. Josh has more on the quarter reports. Reporter 6. 8 billion. Thats one big number from the recent alphabet report. It refers to operating income at google core and that refers to search, maps and youtube, the real business drivers of alphab alphabet. The company is breaking out the number, stripped away from nest and fiber and all those moon shots. I investors have a much cleaner look. They call it a massive number that beat his forecast. The number he says suggests that despite the competition