As dominic chu tells us, these kind of moves can make investors nauseous. Reporter after what seemed like a relatively calm upward trend for stocks throughout much of last year the roller coaster ride came roaring back in just the first month and a half of the new year. Larger cap stocks as represented by the dow and the s p 500 are for the most part flat yeartodate. But dig a little deeper and you can see where the angst is coming from. The dow at a triple digit point move up or down for twothirds of all trading days so far this year. And the daily trading range for the dow has been a triple digit move between daily highs and daily lows almost every trading day this year. Now the caveat here is as the dow grows in size the relative percentage move related to triple digit swings diminishes. Still, its been a rough ride for some investors who try to follow every tick. A number of factors have contributed to the volatility and could continue to do so in the coming months. First, uncertai
Said a considerable period of time might be Something Like six months and what people wanted to know is a reflective discussion that the fed had, and it looks like not necessarily. Janet yellen gave a week or so ago what some people describe as the most dovish speech by a fed chair possibly ever. Right. So it took maybe a little bit longer for the message to get through to the markets. Well see how long this lasts, but its a pretty decent reaction to the stock market. And to your point she had already walked back in laying the framework for why the unemployment situation in this country is still weak, saying its still cyclical, saying the fed needs to do more until its healed more. Made the case. The minutes would seem to suggest more members wanted to make sure they didnt process jumping to any tightening before they were ready for it, before the economy was ready for it. Is this something to build on, the last couple of days or just a dead cat balance a momentarily blast of enjoyment
Tom is italy, the Unemployment Rate dropping more than expected. Imf we have to go to the because it plans to raise Global Economic forecast. Christine lagarde telling reporters yesterday in nairobi, kenya. Chinas gasoline exports may rise 18 this year, according to an Economic Data in the u. S. Employment kicking off three days less claims tomorrow at 3 00 p. M. We have a read on consumer credit. Earnings before the bell constellation brands, monsanto, and after the bell, bed bath and beyond. Lets look at stocks, bomb bonds, commodities. The vi x nicely under 19. Nymex crude distances itself from 100 a barrel. Vix under 13. Winter wheat we did an interview yesterday, winter wheat, the snow protects it. Maybe 20 of the crop is affected. There is brent crude. And the dollar index, a little over 81. That is a big deal. Not like dow 10,000 but it is a big deal. Here is a quick look at the euro. Cristina alesci said flat unemployment. But here is the drop a big through 1. 36. New doubts ab
Modest growth as new initiatives in mobile and other areas kick in. The stock went slightly crazy, got a huge boost after alibaba rolled its results. Forget what is happening at yahoo at this point. Its almost insignificant at this point. Yahoo owns 24 of the chinese ecommerce alibaba. They made more than double the amount they made for the same period a year ago. Revenue jumping 66 to 3. 1 billion. Alibaba plans to file paperwork as early as next week, thats what everyone is excited about, about this potential ipo offering on an american exchange. They are debating whether theyll go with the nasdaq or the new york stock exchange. The sale could be the largest ipo in American History if the companys valuation could reach, what some people are saying could be as high as 200 billion. Jerry yang of yahoo always gets a hard time because he is he the one that made this investment. People thought he screwed yahoo up forever. God bless jerry yang. He saved this company. Marissa meyer should t
Exceeding 800. Later were going to focus on whats next for egypt but we want to begin with a peace piece this morning in the Baltimore Sun. Focused why are americans so angry and divided . You can join in on the through our republican, democratic and independent lines. You can send us a tweet at twitter. Com cspanwj or join us facebook at the question why are americans so angry and divided . One says one of the reasons for that polarization of course is the implementation of the president s healthcare law. The president has been on vacation but in his weekly address he did talk about the upcoming deadline as the Affordable Health care act rolls into place. Many members in congress are working to inform their constituents about the plan but so a group of republicans confusing people and making empty promise its saying they will shut down the Health Care Law or if they dont get their way they will shut down the government. They are actually wanting to harm the health care and economy in