Back again, but well confirm or deny it later here yeah. The dows gains up 138now, and still across the board, half a percent higher, russell up more than 1 . Bob has more on Market Reaction, and kayla is in washington with the highlights from the med fins, fin minutes. They acknowledged stronger growth than previously forecasted, but said its policy of gradual rate hikes would sustain the growth saying that strategy remained, quote, appropriate. One reason for the stronger Growth Outlook was the enactment of tax reform. Minutes note uncertainty among several members about whether the Corporate Tax cut results in business and capacity expansion, but noting that its the early days of companies deciding how to allocate those savings. As for inflation, the fed is shooting for the 2 target in the medium term and said a lower dollar spurs inflation, but participants noted signs of a broad based pickup in wage growth keep in mind, the meeting took place in the end of january before the most
Also indicted were three russian entities and separately an indictment followed an american who was allegedly involved in related credit card crime. The Deputy Attorney general Rod Rosenstein briefing reporters this afternoon laid out a case called the Internet Research agency employed hundreds of people to the budget to the tune of millions of dollars in a longrunning effort to influence u. S. Politics. Ultimately, in the 2016 president ial election to benefit now President Donald Trump heres how Rod Rosenstein described the elaborate effort by the Internet Research agency. The defendants allegedly use that infrastructure to establish hundreds of accounts on social media networks, such as facebook, instagram and twitter. Making it appear those accounts were controlled by persons located in the United States they used stolen or fictitious identities, Fraudulent Bank accounts and false identification documents now the, bill, what im told here is that ultimately the special counsels offi
Xhoentsz are lower although exxon is trying to hold on, intel, home depot, caterpillar, ge, theyre the biggest losers, all down 3 , nearly 4 for some of them. The big news around bond yields which are rising again this morning. Were waiting for the ruflts a crucial 30year bond auction moments away yesterdays bond auction was a market mover well see if todays is the same as we start to worry about just how much debt there is out there and whether or not investors are willing to buy it. Check out the stocks that are bucking todays big selloff, however. Twitter is soaring after reporting its first ever profit. Higher by more than 16 . Grub hub and the New York Times also surging. More on all three of these stocks straight ahead. Tyler. Thank you very much, michelle im Tyler Mathisen welcome, everybody lets get right to the store of the New York Stock Exchange where bob pisani is standing by pl hello, bob. Once again in the middle of the day this is becoming a regular thing. S p 500 volume
Yesterdayramatic selloff rippled through the financial market. Ocks dropped sharply at the open. Then they only to fall, and soar again. In the biggest comebackor the s p 500 since 2011. Lets get right to thelong numbers. The Dow Jones Industrial average rose 560 points to 12, 912. Get this. At the open, the index immediately fell 567. There issing is something about6 think about that when you play the numbers. The nasdaq add 148. The s p 500 was up 46. Investors blamed the vol on intrarate concerns. Computer driven trading, and object structure volatility funds that use leverage. Bob pisani nowlo with a at todays action from the new york stock exching. Talk abonother roller coaster ride for the stock market. The dow tumbled 560 points but reversed course. At the end of the day, the dow travelled at more than 1,000 point rang we havent seen have tilt like that in all of 2071. The dow hit correction territory earlyon. We were down 10 from recent high. But at the close it managed to top
Buying a ticket on american and hopping on united. The dow has come a little bit off the lows. Down 239 points right now, the nasdaq is down 1. 7 . So no problems at the nasdaq. And yet, the nasdaq is actually down about. 4 more than the dow. Now, of course the dow does trade nasdaq stocks as well. But the point is, it would seem that the data were seeing that the declines are not based on this trading issue, outage, whatever you want to call it, right . May be more global macro. The benchmark tenyear treasury note yielding 2. 2 . And thats actually a 2. 5 move, guys which is not quite double that of the dow. So bonds are moving more obviously overnight in china. This is turning out to be a seminal day for the stock market. We had 1,400 Major Chinese companies suspended in trading. Not for these reasons. Many of them suspending their own shares because the decline. And something i pointed out early this morning, guys, which is this chinas stock market value declined in 30 days has been