Stock so what was the stock . First, we start off with the after hours lug bath in technology. Alphabet and microsoft. Those stocks are tanking and looks similar to the bad news we saw out of net flex and intel. Tech telling us the real story here in the markets as we do see the queues down . The real story in the market is resilience of the Broader Market in the things weve seen now and over the last six months. Its telling a story that we would be talking about to a large extent but i dont know if that means the Broader Market will get crushed on the back. Yes, queues are probably down. Well see weakness tomorrow. The resilience of the Broader Market trumped everything well talk about in the next hour. Until tonight. I mean until tonight, right. For me, i like the goal of alphabet. Been a long time the move down is not dispreportion for the miss and headline number and call and more story, could be up and down but so far disappointing for sure. Well see tomorrow facebook will be down
Coming out of europe. Right now the markets are relatively flat. Dax is flat. The cac is essentially flat. The ftse down by half a percent. The currency markets, which are going to key off this as well, if there is additional stimulus, it could very well weaken the euro and strengthen the dollar. Right now the dollar is up against the euro at 1. 0978. Dollar versus the yen is at 113. 46. Lets tell you about other storying were watching this morning. Square posting better than expected results in its first Quarterly Results since going public. Square Ceo Jack Dorsey sitting down on closing bell, responding to investors betting against the company. I think we need to constantly show that were focused on the right things. Were focused on building great tools for sellers and that they value them. We continue to see that growth. I think were not only a first mover in a lot of areas, an innovator in a lot of areas, but also we have the best experience. We certainly compete with a lot, but wh
Widely associated with the housing bubble. In fact, a new report today from realtytrac shows the number of active home flippers last year was the highest in nearly a decade. And as diana olick reports, the number is growing, and that, to some, is concerning. This is where we are. House flipper, sasha, is doubling the size of this northeast d. C. Home, hoping to double potential returns in a Housing Market where prices are heating up. I dont know if theyre overinflated, but theyre really high. I dont think ive seen them this high in quite a while. This was the original house. Rising prices are luring flippers back in the door of a fastpaced renovation game that all but disappeared during the great recession. Active flippers are now at the highest levels since 2007, close to 180,000 Single Family homes and condos were flipped in 2015, according to realtytrac. That is, bought and sold in the same year. Flips made up 5. 5 of all sales last year, the first increase in four years. I think it
For 2016 was over. Tipped off stocks did with their worst start to a year ever. Correction territory for the dow and the s p 500, almost a bear market for nasdaq. Then, like that texas a m Basketball Team last week, a furious, miraculous comeback. Oil price s rose, recession feas receded, china settled down, stock investors started hitting threepointers. Today the First Quarter ended and you as the coach of your portfolio should feel relieved that the game didnt get away from you. Those big early declines for the s p and dow, theyre gone. Those indexes are now both near their highs of the year back in positive territory after posting their second straight quarterly win. This the final day of q1 ended quietly. The Dow Jones Industrial average lost 31 points to 17,685. Nasdaq rose fractionally. The s p 500 was off 4. As for the nasdaq, it remains negative for the year but by less than 3 . A thoireepointer in the Second Quarter and the nasdaq gains all even for the year. The quarters most
Widely associated with the housing bubble. In fact, a new report today from realtytrac shows the number of active home flippers last year was the highest in nearly a decade. And as diana olick reports, the number is growing, and that, to some, is concerning. This is where we are. House flipper, sasha, is doubling the size of this northeast d. C. Home, hoping to double potential returns in a Housing Market where prices are heating up. I dont know if theyre overinflated, but theyre really high. I dont think ive seen them this high in quite a while. This was the original house. Rising prices are luring flippers back in the door of a fastpaced renovation game that all but disappeared during the great recession. Active flippers are now at the highest levels since 2007, close to 180,000 Single Family homes and condos were flipped in 2015, according to realtytrac. That is, bought and sold in the same year. Flips made up 5. 5 of all sales last year, the first increase in four years. I think it