The s p getting closer to its record of around 2130 on a closing base. The dow up about 67 points but the nasdaq has not managed to gain much traction on the day. Take a look at the s p since the record closed may 21. We are less than a percentage point away from that record close. It is 2134 if you are looking for the intraday record. We will be watching to see if the s p can rate attainment. Ain it. T but get back to the nasdaq as we have seen it bounce around. It is a tight range even though it looks like a big drop and recovery. Its seem to attract does seem to have tracked pretty closely with oil prices. The pattern that you see is quite similar. Oil still hanging onto a gain and holding above 50 a barrel. It has been a level that has been difficult for oil prices to hold. Also we are watching transportation stocks. They are rising at the same time that oil is rising. Thanks in part to the airlines. Pointing out jetblue has raised its domestic fares and other airlines have matched
With the matter. Matt headlines coming out from imf chief Christine Lagarde, giving a speech at the new york fed. She is saying that small nations are at risk the of you banking regulations. Big banks have curtailed riskier often ints that are small countries. They are pulling out their operations, leaving small countries with a lack of credit. She will be giving us headlines throughout the next hour. Then we will hear from Christine Lagarde. Scarlet because later on, bloombergs exclusive interview p. M. Ame lagarde at 1 1 00 p. M. Today. Lets get to the markets now. We are halfway through the u. S. Trading day. On whats been checking the markets are doing. What can you tell us with the indexes all higher . I want to mention, going back to Fiat Chrysler, and the news that the doj is potentially looking into the company for securities fraud. You mentioned the stock it has now taken a leg lower. Down by about 2 . We will keep monitoring. It may have taken a few moments for people to see
The nasdaq has actually been leading today. That is a bit of a switch. Technology has been going in the same direction as other averages but an exaggerated move. A different scenario memo we have seen recently. The s p and dow remain lower and they remain lower than oil prices peered yesterday, we saw stocks drifting lower even as oil held up well. A different story today. If you look at oil, were seeing it down 4 . It bounced off the bottom, but still below 30 a barrel. Oil stocks are weighing on the major averages. We are seeing a lot of big percentage declines among the energy producers. Southwestern Energy Company particular, down 14 . Murphy oil, devon energy, a lot of these Energy Companies have come out in the past week or past couple of weeks talking about various ways to raise cash, whether it is sharing selling shares, cutting dividends. That has been weighing on them, also. Alix a lot of these guys reporting earnings next week like southwestern energy. Aside from oil, we had
Nasdaq meeting on the downside, looking at the today moves in the s p 500, you will see indeed that we had a big upsurge and yesterday we had pretty much gone sideways. Put another way, look at the bloomberg. I have the s p 500 intraday range thus far. Right now its only at 11. 7, 11. 8. It looks like that could be the lowest of the year. Of course, that has happened a couple of other days with late day changes. We will see what happens this time around. In terms of the groups on the move, we have material shares that are lower largely because of monsanto, which we will talk about in a few moments. Consumer discretionary with energy and financials, turning around later in the session. Whats interesting to me is that these inventory numbers from oil or what terrible. Lower by 20,000 barrels per day, but it was ugly and oil didnt really go catastrophic. Neither did the stock market. It really is strange. We did have loyal take a leg lower after the numbers came out. It was down by 2 and
Were comments made by the mayor of london, Boris Johnson we will have to interrupt you. President obama and british Prime Minister David Cameron David Cameron live from london. Barack has been president more than seven years. I have been Prime Minister nearly 60 years. Our countries have been working together through some of the most troubled global times. We faced the aftermath of the banking crisis, they need to create jobs and our economies, new threats to our security from russia to the rise of islamist terrorists. And huge global challenges like climate change. Through it all, the partnership between the nations has never been more important. When 70 years ago last month Winston Churchill first described the special relationship, it was not merely an expression of friendship, it was a way of working together. It was about Kindred Spirits who share the same values and so often the same approaches to the many issues we face. Ist as our predecessors, it true for barak and me, whether