Thing but a combination of factors. Housing data was strong. Oil prices went up. New highs for the year. And there seems to be an increase in confidence that higher Interest Rates likely wont hurt stock prices very much, if at all. The Dow Jones Industrial average climbed 213 points to close at 17,706. Nasdaq added 95. And the s p 500 rose 28. Ari thompson has more on todays big gain. Reporter stocks finished strong on the back of a big gain in aprils new home sales and the back of strength in the european markets. The u. S. Markets rallying from the opening bell. This after a new poll showed that britons are less likely to vote to leave the eu in a brexit. New home sales for the month of april rose to their highest levels in eight years. That data along with the news that prices for new homes were very high levels and the news that the luxury home builder Toll Brothers came in with stronger than expected earnings adding fuel to the markets rally. Pacing the gains today, strength in he
Her majesty herself, Britains Queen elizabeth and her royal corgis. This morning, what photographer Annie Liebovitz said was the most important aspect of this very special photo shoot. It is wednesday, june 1st. Announcer from abc news, this is world news now. The queen looking very lovely there at 90. We do say good morning to you, everybody. Im kendis gibson. And im linzie janis. In for diane macedo. Can you believe we made it already to halfway through the year. Happened fast. At least were at hump day. We begin with the release of the socalled Trump University playbooks detailing how people were enticed into spending tens of thousands of dollars on real estate seminars. The Trump University sales pitch manuals revealed that employees were instructed to target customers who made at least 90,000 a year. They were also told to use flattery and sell feelings, not products. Trump university is facing three lawsuits accused of fleecing students and failing to deliver on promises donald t
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Good morning, everyone. Im scott mcgrew. I dont immediately understand every trend in technology. Im not much of a snapchat user, for instance. But i try to get the gist of every new thing but this really surprised me. This is the inside of the s. A. P. Center in san jose during a video game tournament. Thousands of people packed to the rafters watching other people play video games. Now, they did this in person and they have watched online. Its a huge business. Amazon paid 1 billion for a video game channel called twitch and other channels have shown up as well all showing off video games to people. Rafter has more than 1. 5 Million Viewers created by dennis fong. Hes the most famous video game player of his era. If youre of a certain age, dennis fong is the joe nameth of video games. Joined by jacob ward and Michelle Quinn of the mercury news as well. Going back to all of those people packing the s. A. P. Center, if you walk through the s. A. P. Center, is it like people saying, who
Cnbc. So kevin oleary is that what happened yesterday . Did janet yellen give you reasons to keep buying stocks . She gave me no choice. Its that simple. She has kept the entire fixed income and told me have to go equity if i want 3. 4 yield. But getting into stretched evaluation. You certainly seem to bring more clarity to what was a convoluted feel about where we were. Look at the markets today. Biotech crossing the 50 Day Moving Average. Emerging markets up month to date. What do you see . Shes making these statements after the s p comes back 12 from the early february lows. The lesson over the last two yea years, the upper end of a 20 month trading range. Its not to get overly bearish near the lows. We have been trapped in this range for about two years. The russell hasnt made a new high in 30 months so just being a little bit stead wrer and not overreacting and keep in mind that this is happening against the context of most people not being fully invested. You had 130 billion come