Than 1 as many of the cloud and socalled stayathome stocks get hit. It was the announcement that Pfizers Covid vaccine is more than 90 efficient thats what really set the market on fire we got more on that in a minute. Meantime, lets send it over to kelly. Thank you, sir. It is a huge day for the markets and a potentially historic one in a fight against the Chris Christie we have full Team Coverage for you. Bob pisani looking for the market reaction. Meg tirelli and bob pisani, lets start with you historic move for the s p 500 and big volume were going to do twice normal volume on the markets. We havent seen that recently, big volume on big up days. Thats a change on market sentiment. You mentioned small caps obviously vaccine, better reopening story. That would help small caps, look at this up almost 7 more than twice the performance of the s p 500 mega cap out of big cap, mega cap tech stocks and into small cap but also a little bit on the weak side as weve been noting all throughout
You can see the dow is reacting. The nasdaq has turned positive by. 1 or 12 points and we are entering, of course, the most crucial month for the retailers. Many stores still shut down but the stocks are rallying, especially Department Stores, as you see right there. Look at the macys, and nordstroms. Once again, power lunch starts right now. Thank you, tyler im kelly evans. We begin with the markets this hour the dow was up 11 in november that would be a good year. It would certainly make it the best month for the index since 1987 up 25 today. Dom chu has more on the action its a catchup trade for the dow. It has been for the better part of 2020 lagging behind certainly the nasdaq composite and in some cases the s p 500 as well. Remember, the green lighne, the nasdaq far outperforming other indices. Now the dow trying to play a little bit of catch up here. A good month for the dow shaping up well see if it holds as we head towards december another big thing to watch is whats happening
Tesla getting set to take off. And tesla is up 9 today. Were going to take a look at the growing musk empire. And booming sales at walmart and home depot but the stocks not getting that same boost today. Power lunch starts right now welcome once again to power lunch, im john fort boy, its hard to swim up stream in the amazon. Cvs, wall green, right aid and dorsey and zuckerberg and ceos testify in front of the senate one bright spot in the s p 500, cruise stocks as norwegian is near the high of the session for more on the market action, lets get to bob pisani. Hello, john its sort of a choppy, indeterminate day. The market cant quite decide what it wants to do today. Weve had a great run in bank and material stocks. The cyclical names have done really well recently those are on the weak side today. Tech is kind of flattish overall today here and then we had Energy Stocks and reits. So energy has been holding up very well today and so has Real Estate Investment trusts on top of that. Te
Thanks so much for joining us. Im laura garcia. And im marcus washington. Mike is keeping an eye on the roads this morning. First lets start with a look at the forecast, kari. It looks great for today. Were starting out with some chilly temperatures, but we are going to see a nice little warmup as we go throughout the day with a touch warmer afternoon. Were going to see more weather like this going into the weekend with lots of sunshine, but with that sunshine comes more dry weather. Lets get a look at what were expecting around the bay. Napa reaching 66. San francisco reaching 62 and 66 in concord this afternoon. So all quiet weather here. How is it looking for the commute, mike . Well, that quiet weather obviously helps with the conditions for the commute as the map will show you green sensors everywhere. I am watching oakland, unusual not unusual but about once a week chp assists with Traffic Control around the construction zone. This morning theyve been called to southbound 880 aro
Reported yesterday and a top Infectious Disease expert says its about to get worse. Power lunch starts right now and welcome to power lunch everybody, the election shifting towards joe biden today. He took the lead in the counts in georgia and pennsylvania. Lets go to eamon javers to break down where we stand right now. Were stel loill looking at e same list of uncalled races. Joe bidens lead is increasing weve had more vote now coming in today from pennsylvania, moe are vote out from nevada in pennsylvania bidens lead over trump has grown to more than 13,000 votes. Take a look at the state of pennsylvania we are about 96 complete. Too close to call there. The difference there 13,220. Thats the whole ball game if joe biden wins there, this race is over because thats 20 electoral votes. Biden only needs 17 at this point to go over the top in nevada, press conference just wrapped up in clark county, home to Las Vegas Biden expanded his lead there and is up to 20,000 overall in the state.