And company. Shares of Donald Trumps social media falling yesterday. The staggering stat on how much of value the former president lost in the wipeout. Our look at the best ideas for q2 and beyond. The magnificent seven member our next guest says will keep delivering returns to shareholders. Its tuesday, april 2nd, 2024. Youre watching Worldwide Exchange right here on cnbc. Good morning and welcome to Worldwide Exchange. Thank you for being with us. Lets get you ready for the trading day ahead. We kickoff the hour of the check of the stock futures after the mixed start to the trading week. The dow and s p posting the neg negative. The dow would open up 170 points lower. We will watch that throughout the morning. And the bond market with the yields popping on the back of the pce report and hfmanufacturg data. This is more than ten basis points higher than yesterday from the premarket. Another thing we are watching and talking about during the market discussions and we are checking oil.
It is a pit of a freak key friday in the markets. I am Lauren Simonetti in for liz claman. Lets begin with a fox market alert. Look here, you can see stocks searching for direction all day, switching between red and green. Right now the dow is up 80 to points, near the highs of the session. The s p 500 is fractionally higher, not even a point. The nasdaq is lower by 2426 26, and the russell 2000 is down by 2. 5. We are within reach of records for all three of the major indices. Right now the dow needs to close higher by more than 38 points. It will then finish at a record high. It did cross 40,000 yesterday but has yet to finish bo that level. As for the s p 500, the Broader Market needs to gain 11 points for its record close, and the nasdaq needs to finish up by 44. Of course, anything can happen in this final hour of trade, and since were coalescing right near those record highs, well be monitoring it the whole time. Lets take a look at the week. Really great week. Each index up over
Cap names in the green today, including nvidia, back above 900 a share, 920 to be exact. Apple puts a touch lower after be Berkshire Hathaway cut for tax purposes, and strong day for uber, after the Company Holds its annual meeting. Weve given you highlights on this day, it does take us to our talk of the tape, the rebound, and whether you can trust it. Lets ask our panel, dan greenhouse with asset management, stephanie link, and steph and court are both cnbc contributors, everybody at post nine, having a little party over here. Steph, can you trust this bounceback . Its been pretty darn strong from the april intraday lows, s p up 4 , russell 2000 up 6. 5, nasdaq up almost 7. Earnings are coming through better than expected. Growth rate year over year is 7. 1 . If you exclude Bristol Meyers 12 billion charge that was 10 . No one was talking about 10 growth, why, because youre going to see the growth, because the growth is coming through. I know everybodys focused on inflation. I am too
Theyre about to make a big bet on all Day Breakfast. Will this be the move that finally turns things around for the fast food giant . Or is it just too little too late . We have both sides of yet another heated debate on mcdonalds. Everybody, you either love it or hate it right now. Nobody is lukewarm on mcdonalds these days. A lot of people like breakfast for dinner. We will see. That big selloff in commodities. Keeping an eye on that for you. Gold seeing the longest losing streak since back in 1996. Well discuss whether the strong dollar and the commodity drop could actually delay a fed rate hike. Oil just closing below 50 a barrel. Well start, though first with the tech sector. Getting hit the hardest today after apple and others reported disappointing Quarterly Results yesterday. Apple and microsoft are the bottom performers on the dow. Yeah we had those two plus go pro and yahoo. Theyre all down today. And go pro now has turned positive. It got slammed hard initially after reporte
Investors continue to believe that the fallout from the brexit vote will be limited and todays buying picked up steam after britains central bank said new stimulus was likely this summer. More on that in just a moment. All of the major inddeese rose more han 1 today. The Dow Jones Industrial average gained 235 points to 17,929. The nasdaq added 63. The s p 500 was up 28. For the first half, the dow and the s p 500 posted gains. The nasdaq fell, but the final numbers for the First Six Months of 2016 dont tell the whole story and what a story it was. January 2016, it was the worst start of the year for stocks ever. In just ten trading days the s p 500 erased nearly 1. 5 trillion in market value. February 2016 the selling intensified. The major stock indices hit multiyear lows. Oil prices cratered and gold prices took off. By march things start to turn. Global uncertainty seemed to fade. Stocks rose along with the price of oil and the market hit new highs for the year. That climb continue