Points. At 1969. Bouncing off of some pretty strong support according to some traders today. The nasdaq has done well. Up 54 points right now. At 4484. Lets show you the russell. Thats been the laggard lately and it is again today and 1 gain. You cant quibble with that. Trading at 1107. Just a little context there, perspective. I think that the s p and the dow about 2 away from the record highs. Right . So, you know, keep on watching until the close because these markets are absolutely soaring today. After that better than expected payroll number this morning so the move coming two days, though, after 200point drop. Remember that move telling you about . We want the know what you think and whether or not you think the selling in this market is overfover for now and let us know what you think. Showing you that vote as you can see discussing things. Yes. We call it i pow wow. Yes, we do. Joining us now on the closing bell exchange, sunny, rob morgan, doug gordo and of course our very own
Stronger than expected set of results. This is a reminder for us that we really came in with a income of 195 million euro and for the first time can intend to pay a dividend to our shareholders. Banks are quoting catastrophic risk. According to a Senate Report which says Goldman Sachs, jpmorgan and Morgan Stanley manipulated prices. Announcer youre watching Worldwide Exchange, bringing you Business News from around the globe. Welcome to the show. The eurozone numbers just came in at 50. 4 for november. It was expected at 50. 8. The previous reading was 50. 6. The composite number came out at 51. 4 had. It was expected at 52. 2. The previous reading was 52. 1. And we should point out that the eurozone purchasing manager index for services came in at 52. 3. That was in line with expectations. Expectation was 52. 3. Lower than expected pmi data come out, but the Services Number coming in with expectations. Euro dollar, down 0. 25 on the day. It was a little bit off the french reading, fel
Fastest rate in almost two years. Uk giant tesco is getting hammered, down about 15 on a profit warning. This joufr seas action comes after the dow and the s p 500 posted their biggest drop since late october. Commodities and tech stocks weighing on the markets. Crude oil dropping more than 4 . Check this out, its up slightly at this point. It closed yesterday at 63. 05 wti. Still sitting below 64 a barrel at 63. 65. Brent sitting at 66. 63. Weve been watching all of in this morning. As you check this out, take a look at the futures this morning. Not much to key off of in terms of positive news. S p futures off by 6 and the nasdaq down by 14. A huge part of that has to be the lead story in the wall street journal saying the fed is now signaling its going to shift on lower rates, actually raising rates in the next year. That takes away what some people had been anticipating, thinking that these low oil prices will take pressure off the fed. Job number changed everything in peoples minds
M. We are breaking records but it is in light volume. Sth santa claus rally off to a strong start, day after christmas, a day where usually the s p finishes to the plus side 78 of the time. We want to point out groups that are leading the markets higher today. Utilities and health care, these sectors are the best performing. Leading the way, of course, they are rate sensitive. Utilities stronger throughout the year. Pull back a little bit in response to the weakness in crude prices. Retailers in the wake of numbers coming out. And then the International Council of Shopping Centers saying the growth this year for the Holiday Shopping season will be strongest in three years pretty much as expected. Those are best performing retailers. Amazon up on the news that it added 10 million prime customers. The dow just actually at its best levels of the day. Thank you very much. Lets get to Bertha Coombs where nat gas is falling today and dropping below 3. The first time in a couple of years. It
Welcome back to squawk box here on cnbc first in business worldwide. Im Andrew Ross Sorkin with joe kernen. Becky enjoying the day off. And for viewers outside of the United States, happy boxing day. It comes from a tradition where boxes were given to people and the box would include a gift or two and perhaps some leftovers from the tables of the wealthy. I used to think it was boxing day. I didnt know. I learned this about a decade ago, but every year we get emails from people saying thank you for explaining that. We didnt know. Its said some of the boxes include gifts. Do some of the boxes people just give boxes . I think sometimes it was leftover food. Food or but not just boxes, right . I have to tell you, my children jumped into an empty box yesterday. Thought it was a rocketship and thought that was the greatest gift they could have gotten. Remember in splash he gives Darryl Hannah a box and she goes its beautiful. No, open it. Because you dont know for sure if its wrapped nice.