Since november. The catalyst, some pin the it on investors taking a more optimistic view yesterdays moves by the European Central bank to cut rates and expand its stimulus program. Others by contrast say it was a report that helped lift oil to its highest price since december. More on that in a moment. Whichever one you choose it was a good day for stocks. The dow roles 218 points to 17,213. The nasdaq gained 86. The s p 500 rose a big 32. As for the week, the dow and s p added roughly 1 , the nasdaq a little less than that. Oil got that lift today following a report by the International Energy agency which said that prices may have hit a bottom. As a result, domestic crude finished up nearly 2 to 38. 50 a barrel, the highest level since december, a 7 gain for the week. Jackie deangelis tells us what the iea sees. The milliondollar for question for oil, have prices bottomed . The International Energy agency said today its possible. The report citing reduced output in the United States
Sea. No, not a giant squid or Chris Hemsworths biceps, theres a gigantic cargo ship in operation. Look at that thing. It literally is a monster ship. I know, and we are going it talk about how this could change the shipping business forever. Tyler is out all week. You just saw mandy doing the halftime report. A lot of swaps going on today. Stocks are sinking on the final trading week of the year. Major averages down a half a percent overall but its not all bad this year. If you own these stocks, treat your family to a nice dinner soon because you have made some money. Netflix up 135 , amazon up 115 , activision nearly doubling this year and nvidia up more than 60 . Oil and Gas Companies have been leading the declines. Chesapeake down 80 for the year. Consol and southwest energy down 75 and a list too long to mention of many more stocks down 30 , 40 or even 50 in the group so far this year. In the meantime, the financial and the Telecom Sectors are kind of the january and peter bradys o
June off the table. When will we know . When when when . You can tell us. You can whitsper in my ear. A huge halle. The dow having their best oneday gain since march 30th. They had their best day since march 16th and a handful of points away from the all time closing high of 21. 17. Lets get more on the trading action. Stationed at the nasdaq and first down to you, bob pisani on the floor where you can always hear the roar the boom out of the gate with stock this is morning. What they want is volume. We are not getting strong volume, but its decent. Lets take a look at the advance. 41 declining and nine of the ten are up more than 10 . Thats broad. Doesnt get bigger or broader than that. The push lower this week was led by the fears of higher Interest Rates. Thats abated a little bit. Interest ratesensitive groups are doing very well. They benefit the Public Storage and all of them up are two, three, even up 4 . Whats under performing if you get a flatter yield curve, regional banks do
Rise again. Should you lock in your rate right now . We begin with what we told you about. Crude is soring and we are currently at 3 . And its in the past month alone. Everyone wants to know. Hey there, jackie. I will start with the question and i will answer it right there. We are over 60 today. Traders are telling me they think i could go to 65 by memorial day. That is because we made the run for 60. There has been a lot of resistance and geopolitical events are taking us over the edge. There was closure of a port in libya by protesters and we have seen skirmishes for sometime. People are focusing on saudi arabia and the situation in yemen as well. Geopolitics was the one thing we said could bring us higher despite the fact that we have a global oversupply situation. Right now traders are shrugging that off for the most part. You have a weaker dollar and that is adding support as well. I will say this. In terms of prices at the pump this is not a good thing for consumers. 2. 63 is th
Sellers putting their bets right now . Were going to tell you. And we know where a lot of obama money is going to planned parenthood. And the organizations d. C. Branch helping the youth, and the new law. We want to know how you feel about that. Varney company about to begin. Make it happen with the allnew fidelity active trader pro. Its one more innovative reason serious investors are choosing fidelity. Get 200 free trades when you start usi active trader pro today. A quarter million tweeters is beare tweeting. And 900 Million Dollars are changing han online. Thats why hp built a new kind of server. One thats 80 smaller. Uses 89 less energy. And costs 77 less. Its called hp moonshot. And its giving the internethe room it needs to grow. This is gonna be big. Hp moonshot. Its time to build a better enterprise. Together. First in northern africa, the Egyptian Health Ministry Says that 525 people were killed and largely pro morsi demonstrators have 43 police were killed and a month long s