Market. Every weekend i go over what stocks are hitting new highs. Its the equivalent of whats hot on the run way and its startling how often the styles change from week to week. Fashion was behind a great deal of todays actions. They started off in the red thanks to greece and rebounded terrifically and the dow closing up 28 points. Nasdaq advancing. 11 . First the hottest style, the one that is flying off the shelves. The one that cannot be kept in stock, thats the Cyber Security stocks. It makes sense. Ever since the former ceo of target lost his job, the execs of all Major Companies have focused on this issue. Just as no ceo ever lost his job spending money on marketing successful no ceo will ever be fired for spending too much money on Cyber Security. Last week we got astounding report cards out of two highly visible newer comes in the space that showed how executives are throwing money at this problem. Fire eye does forensics as well as offering a Security Package that sells very
Chevron saw shares fall after seeing a drop sharp fall. And by the close the Dow Jones Industrial average gains 183 points to 18024 and the nasdaq rose 64 and the s p 500 tacked on 23 points. The nasdaq was down the most almost 2 . And later on our market guest will what is best for stocks and which names he is recommending right now. And the detroit big three all came out with strong sales for app having to drive the sentiment on wall street. April sales up 6 and march up about 5 . Why trucks are key to the automakers. Pardon the may on words, but bigger was big at auto dealerships last month. Trucks suvs and cross overs, almost everything with more space was in greater demand than cars last month. For example, gm had the best month ever moves cross overutility vehicles. And good morning boosted auto sales. With gas still selling at modest prices buyers continue to pass on electric models. Volt prepares for a new volt this year. And demand for the nissan leaf also lagged. And in a sig
It doesnt make it over. Box Office Records also could be in danger when disneys new avengers movie is released. If youre looking for a potential blockbuster alternative investment, boy do we have one for you. How you can invest in films and get your name in the credits as well. In the markets right now, were sniffing again, 3 00 were on. All right. We were at 2,119 on the s p, just a little while ago. Down to 2,117. We need to get over there for a new historic high. Nasdaq in record territory but below where we were just a short while ago. Kelly. Lets get right to it with our closing bell exchange. Brad mcmillan joins from us commonwealth financial network, doug gordon from russell investments, peter costa from empire executions and our very own rick santelli. Lindsay, let me start with you. How bad is the First Quarter gdp number going to be . And whats going on with the Second Quarter . Are we getting much of a rebound here . As we saw in this mornings number, it was up 4 . Not norma
Oil under 40 bucks. Tenyear slipped below 1. 9 on a weak adp jobs number. Godaddy shares pricing above the expected range. Well talk to the ceo after the first trade. Simon properties withdrawing its offer for rival mall operator macerich after it gets rejected like we told you they would. Walmart Holding Investor Day at nyse putting pressure on suppliers joining the religious freedom debate. Futures are lower. Data from adp showing the private sector added 189,000 jobs last month, a miss. It was a mixed First Quarter for stocks. The nasdaq was the big winner up almost 3. 5 . S p up more than. 4 . Like the nasdaq posting its nintendo consecutive quarterly gain. The dow did finish the First Quarter in negative territory after the drop yesterday of 200 points. Earlier on squawk, sam zell believes stocks in fact overprized. Theres a significant and growing disparity between the stock market and the economy. Almost every company is turning in numbers that are less than expected. Revenue pa
Chevron saw shares fall after seeing a drop sharp fall. And by the close the Dow Jones Industrial average gains 183 points to 18024 and the nasdaq rose 64 and the s p 500 tacked on 23 points. The nasdaq was down the most almost 2 . And later on our market guest will what is best for stocks and which names he is recommending right now. And the detroit big three all came out with strong sales for app having to drive the sentiment on wall street. April sales up 6 and march up about 5 . Why trucks are key to the automakers. Pardon the may on words, but bigger was big at auto dealerships last month. Trucks suvs and cross overs, almost everything with more space was in greater demand than cars last month. For example, gm had the best month ever moves cross overutility vehicles. And good morning boosted auto sales. With gas still selling at modest prices buyers continue to pass on electric models. Volt prepares for a new volt this year. And demand for the nissan leaf also lagged. And in a sig