Wall street set to extend the rally across the open. Fang stocks to the all time highs and amazon getting a key upgrade. And target boosts its outlook, shares are popping 4 in premarket, reporting stronger than expected sales for the Holiday Season. And looking out for kids, apple responding to activist pressure, the iphone maker promises new features to make the devices safer for children. Stocks are looking to ramp up the gains for the new year and the s p and nasdaq in the midst of a five section win streak all indexes did hit record interday highs and new higher high for fang this time yesterday. What can i tell you were having now that fang the different components are outrunning the price targets now the analysts have a new reason to say im raising my price target amazon and its going up because of the holiday p shopping this is all that relative high spirits game little dangerous candidly because when does it end when someones price target is finally reached. Right now were in t
Streets pull back as oil prices slideand tax plan jitters target targets holiday forecast, Brian Cornell joins us exclusively. The General Electric slide, continuing to sink premarket now down more than 43 this year stocks are poised to open lower after the dow and s p posted a third negative session in the past four, concerns about slowing growth in china, weighing on Commodity Prices and crude under pressure after the International Energy agency lowers its Oil Demand Forecast jim, weve got the same jitters about high yield and then of course inflation has run hot for a couple of days. I come back and look at the bureau of labor statistics number that came out real average Hourly Earnings for all employees decreased. 1 . So i think theres a lot of faux worries here china has been okay the whole time, remains okay these wage numbers tell me were okay and oil went up on turbulence and middle east problems and goes down incredibly wrong i think were churning what matters is we keep impor
On a good trajectory, so they can look past individual pieces of data to move forward. Thats broadly a better approach than just responding to every bump and wiggle in the data. I got news this mess and i will get us out of it says uk Prime Minister theresa may as she prepares to meet dup leader Arlene Foster in a bid to secure her parliamentary majority good morning it is tuesday, lets have a look at the stoxx 600 this morning. We are broadly higher to the tune of half of a percent. Merely shrugging off some of the renewed declines in tech stocks. All sectors in the green apart from telecoms. Yesterday the stoxx 600 European Equity market was down by 1 tech was the drag, pretty much mirroring what happened on the nasdaq most of the sectors are in the green. And youll see that all of them are now in the green technology, banks and real estate leading tech stocks up by 1. 2 yesterday we saw some apple suppliers falling and food and beverages telecoms, some of the relative underperformer
Dont think have changed that much well discuss on street signs. Brent crude dipping below 45 a barrel for the first time this year, dragging on European Energy stocks. The healthcare sector bucking the negative trend as a surprise outcome of the heart drug trial gives novartis a shot in the arm allties raises almost 2 billion in its u. S. Ipo making it the second largest american offering after snap of the year. And rare good news for the uk Prime Minister theresa may as she prepares to meet with eu counterparts Northern Irelands dup says there is a good chance of a deal happening with the tories by next week. Its a down beat European Equitymarket were looking at following on from actually, i didnt think the u. S. Session was that bad the nasdaq moving to the upside as all that negative feeling around tech kind of dissipated somewhat and people looking on the down side to the oil price, which is in some cases dictating some sectors movement. As i say the nasdaq saw a very strong counte
Half hour from now it looks likes the s p may be down ever so slightly. European markets were in the red last time i look thank you for spain and for italy, maybe one day well even get a look at the bond market. The tenyear note yield is important right now, particularly given that 2. 14. Wow. Wasnt it supposed to be a 3. 14 yes, i think they were talking around june, at least 3. Not the case a big story were going to talk a good deal more about is oil. Lets get to our road map and start you out with some stocks oracle, shares are up sharply on earnings well look at whats moving that stock. Later, by the way well have an sclouf on interview with mark hurd they want to take a major stake in American Airlines, what is that all about . Smoke em peace pipe . Well try to figure that out to the best we can by the way, what as to yim cramer and Homer Simpson have in common adobes ceo shows us. Hes game. Hes got a demo of its newest product. I want to see that. We have so much to talk about, i