Way higher. Stocks ending higher, tech and utilities leading the gains for the s p. Utilities would make sense, when it comes to rate rises. The highest for the s p this year, positive territory yet again. It does feel like this is a general risk on a rally, people are not differentiating that much at this point in time. And they are already not on the fix. Vix. We saw the volatility go down a bit. And tracy, you pointed out, a lot of Hedge Fund Guys were into the vix. It is at the highest level since 2004. Tracy they are not going to be happy with that vix collapsed. We could see that exacerbate the fall. That is something to watch for sure. Lets take a look at currencies. Yellen is talking, dollar falling on the back of this. It is now on course for its worst month in five years. Which is pretty amazing. Because we have that weaker dollar, that is feeding into emerging market currencies. Idiosyncratic situation in brazil right now, but that moved sharply higher on the back of yellens
It is more that it is a resumption of the rally that we had seen originally when janet yellen gave her dovish message. Dissuaded from that view by the fed speakers in the interim who were more hawkish. The double stone is back again and even as alex points out we are not that much up across the board we should point out we are off the highs of the session for the three major averages as well. The two day rally for the major averages is relatively substantial. It began yesterday after we heard janet yellen speaking it in front of the Economic Club of new york. What we have seen is a gain of 1. 4 . On that basis, not anything to sort of ignore. It also means the s p is once again higher on the year. It also means we have seen the market cap recovery of the u. S. 1 trillion since february 11. If you add on todays gain another 200 billion or so. That is the size of the rebound we have seen. The old leader coming back in favor. The sang stocks, whatever you want to call it now. Alking about
And the mideast. U. S. Stock futures are off less than 1 right now. Federal investigators may launch another search for a ship that sank in october. On sunday, authorities released several images of the el far row, the cargo ship that will left florida on september 2th and then lost contact as Hurricane Joaquin became a category 4 storm. The remains of the 33 people on board never found. Investigators still hope they can locate the black box. The developer of the dubai tower that caught fire new years eve vows to repair it. The skyscraper burned as the city held its annual fireworks display. Consultants are working to repair the damage to the 63story building. The cause of the fire remains under investigation this morning. Next the race for the white house. Donald trump is breaking his silence this weekend after appearing in a terrorist recruitment video. Frontrunner found someone else to blame, democratic frontrunner Hillary Clinton. Mary bruce explains reporter forget his republican
Released several images of the el faro, that giant freighter that sank in october during a hurricane. The remains of the 33 crew members were never found. Authorities may launch another search for the ships black box. Those are some of our top stories on this monday, january 4th. Announcer from abc news, this is world news now. Good morning to everyone. Lets get started this half hour with the armed occupation of buildings at a Remote National wildlife refuge in oregon. Its happening right now. The u. S. Fish and Wildlife Service says work is being done to resolve the situation peacefully. The whole thing is linked to this longrunning dispute between two ranchers, father and son, and the federal government. Abcs Neal Karlinsky reports. Reporter dozens of armed militia members have seized a Federal Building, angry at the government. Its the duty of the people to put the Government Back in its place. Reporter the takeover following this rally yesterday. Militia marching through this remo
Some inspiration in the new year, look no further than this marine who found not only a new lease on life but a whole new voice. Its monday, january 4th, 2016. Announcer from abc news, this is world news now. 2016. Isnt it weird to say, 2016 . Only like three more months for me to write the date incorrectly. Well all be doing that. So glad you join us. Im Kayna Whitworth in for reena ninan. Im kendis gibson. It is weird. This is the first backtowork monday of 2016. A lot of people are probably hurting after the weekend. My voice as a result of it, as well. Kendis had no fun whatsoever. Not at all. Well talk about that, of course. But it is hard to start the new week. Everybodys a little bit slow. We do start with our top story this half hour. Iranian diplomats having a few more hours to leave saudi arabia. The middle east on edge. The saudi kingdom severed relations with iran after its embassy in tehran was attacked and the confrontation between the two nations now has Global Implicati