Helped the group overall. It was the biggest jump we had seen increase in over 33 years, however you are seeing pulling back. Kb homes within a barrel. People buy between now and spring because that is the hot season. Adam Nicole Petallides, thank you very much. Wall streets fear gauge is still gaining ground. In the pits of the cme. A whole lot to talk about. On track trifold largest streakf gains since last year. Phil you consider a market that had no fear. Stocks are going up, the vexed at a low level. All changing, up almost 18 in those last six days and i can see why. The party in the stock market has been going on for quite some time. We had to face important job numbers this weekend as well as a strong possibility the fed is going to lay the groundwork for tapering before ben bernanke leaves office. Might as well give ben bernanke all the heat so janet yellen doesnt have to take it. They have a right to fear. It impacted precious metals. Iif you are not afraid of anything, buy s
Dollars the oil dropping by 2. 01. Potbelly shares were up after the close on its on first earnings report. Shares shot up 5 after topping estimates. Starbucks owes kraft 2. 2 billion after the coffee chain ended its Grocery Store deal early. Bloomberg news reports j j will spending 4 billion dollars to settle more than 7,500 lawsuits over its recalled hip implants that allegedly caused tissue damage. Jim richter of Performance Trust joins us on this wednesday morning for a close look at the bond market. Good morning to you. Good morning angie. What will you be looking for in the market today . Especially on the heels of that auction that we had yesterday in the market. The auction may have been relevant. I think bigger news that the bond market is still wrestling with is fridays non farm payroll. It came out much larger than expected and it had a pretty violent impact on treasures. They had a pretty significant selloff across really anything longer than five year maturities and out. I
3, but the s p just managed to make a record day when a gain of 2 points. Gold and oil remained near the flatline. Apple fails to impress wall street. After the close last night the tech giant reported earnings that topped analyst targets but profits from sales of iphones and ipads were not as robust as what analysts wanted. Shares dropped about two dollars. Retailer michael kors is set to join the s p 500 friday night. Shares rose 3 dollar after the close on the news. Gas prices hit the lowest level of year year monday. According to triple a the average price of a gallon of regular unleaded was 3. 28. Brian battle of Performance Trust is with us on this tuesday morning. Good morning to you. Good morning. How are you . Wonderfully well. We have a fed filled week this week. Everybody will obsess about the fed. What do you anticipate . The feds got a two day meeting. Tomorrow theyre gonna release results and were hoping or the expectation is that it will be nothing. Remember theres 2 thi
Falling 9 points. The commodities fell as well. Gold was down 10 and oil 1. 22. A jury says bank of america is liable for countrywide mortgage fraud. The department of justice called countrywide into quesiton for selling shoddy loans in a program called hustle. Countrywide was a unit of bofa. And t moble is dropping contracts on tablets and instead selling the devices through monthly installments. Todd horwitz of average joe options joins us now. We had a selloff in the market yesterday . Will there be more selling ahead . Good morning angie. It certainly looks like theres gonna be more selling. I think some of the key things you want to take away from yesterdays trading was a little bit of a spike in volatility which we also had on tuesday. I think you wanna take a look at some of the higher fliers who are under a little bit of pressure. So i think that this is just the start of some more selling to come. Were also watching whats going on with crude prices. The price of crude is going
Ukraine. But stronger than expected ism Services Number lifted the mood on wall street. The dow gained 18, the s p 4 trading near a record high and the nasdaq 14. With apple closing above 600 for the First Time Since 2012. Gold is above 1300 per ounce and oil below 100 per barrel. Another high ranking engineer is leaving gm. It follows the delayed recall of small cars with shakey ignition switches. Coke drops the controversial ingredient brominated Vegetable Oil from its drinks. In our trader talk this mornig brian battle director of Performance Trust capital is on the Trading Floor for us. Good morning to you brian. Good morning. Good to be here. Whats your take on treasuries . There was quite a move yesterday. The market is in interesting spot. Were kind of at the lows of rates. Just when you think rates will be higher, the feds leaving the market. We have auctions of threes, tens and thirties and the stock markets at the high so its a very interesting treasury market. Rates might be