It is more that it is a resumption of the rally that we had seen originally when janet yellen gave her dovish message. Dissuaded from that view by the fed speakers in the interim who were more hawkish. The double stone is back again and even as alex points out we are not that much up across the board we should point out we are off the highs of the session for the three major averages as well. The two day rally for the major averages is relatively substantial. It began yesterday after we heard janet yellen speaking it in front of the Economic Club of new york. What we have seen is a gain of 1. 4 . On that basis, not anything to sort of ignore. It also means the s p is once again higher on the year. It also means we have seen the market cap recovery of the u. S. 1 trillion since february 11. If you add on todays gain another 200 billion or so. That is the size of the rebound we have seen. The old leader coming back in favor. The sang stocks, whatever you want to call it now. Alking about
Deserves enormous areas of. But there were also questions i questioned how they were approaching it. I might have tweaked it to the extent that it involved Foreign Policy. I might say to my Foreign Policy partners we have a problem of doing it this way but youre always secure of making sure that the credibility of the United States is sustained. When theres turnover in governments, the work thats been done continues and particularly when you have a close friendship and relationship with a partner like canada its not as if work were doing on the arctic or entry and exit visa vanishes. Just in case, that doesnt happen, the u. S. Canadian relationship will be fine. Thank you, everybody. All right. The president of the United States and his canadian counter part wrapping up that News Conference in the rose garden today at the white house. On the agenda, discussions about the environment, trade, and that on going lumber dispute which the president says will get solved in short order and als
The blue chip index, dow index, increased more than 150 putting 16 trillion into the pockets of investors according to wilshire associates. Dominic chu takes a look at the stocks and sectors driving this bull run. Reporter for some it seems like so long ago and for others the wounds from the financial crisis are still fresh. But the market has come a long way since bottoming out on march 9th, 2009, and that was the day, remember, stocks hit a closing low during the crisis. Since that day, the Dow Jones Industrial average is up close to 160 . The s p 500 index has gained about 190 . And the nasdaq composite is up a staggering 265 . Taking a closer look at the industries and sectors that have really been driving the gains, its been Consumer Discretionary or retailoriented stocks that have really led the way higher followed by financials then industrials. Each of those sectors is characterized as cyclical means companying within them are closely tied to the up and downs of the overall eco
The blue chip index, dow index, increased more than 150 putting 16 trillion into the pockets of investors according to wilshire associates. Dominic chu takes a look at the stocks and sectors driving this bull run. Reporter for some it seems like so long ago and for others the wounds from the financial crisis are still fresh. But the market has come a long way since bottoming out on march 9th, 2009, and that was the day, remember, stocks hit a closing low during the crisis. Since that day, the Dow Jones Industrial average is up close to 160 . The s p 500 index has gained about 190 . And the nasdaq composite is up a staggering 265 . Taking a closer look at the industries and sectors that have really been driving the gains, its been Consumer Discretionary or retailoriented stocks that have really led the way higher followed by financials then industrials. Each of those sectors is characterized as cyclical means companying within them are closely tied to the up and downs of the overall eco
The blue chip index, dow index, increased more than 150 putting 16 trillion into the pockets of investors according to wilshire associates. Dominic chu takes a look at the stocks and sectors driving this bull run. Reporter for some it seems like so long ago and for others the wounds from the financial crisis are still fresh. But the market has come a long way since bottoming out on march 9th, 2009, and that was the day, remember, stocks hit a closing low during the crisis. Since that day, the Dow Jones Industrial average is up close to 160 . The s p 500 index has gained about 190 . And the nasdaq composite is up a staggering 265 . Taking a closer look at the industries and sectors that have really been driving the gains, its been Consumer Discretionary or retailoriented stocks that have really led the way higher followed by financials then industrials. Each of those sectors is characterized as cyclical means companying within them are closely tied to the up and downs of the overall eco