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plane landed safely and no one was hurt. let s go over to clayton. thanks. despite yesterday s small dip in the markets, the month of may will go down as another winner in a year full of stock market surges. so is this latest economic boom here to stay or is the bubble ready to burst? we re joined by the fox business network. good morning. good morning. is this a dream or will end at some point, yeah, i have to be in stocks now. a couple years ago, people were saying, i don t want to be anywhere near a stock. yes. the first half of this year, the dow is up 17%. usually a good number the entire year and that s only half the year. things are looking really good. in terms of whether there is an actual bubble, there is a term in the stock market, sell in may, go away, come back in the fall and do it again. if you had done that this year,
responders will tell you they are doing as much as they can. yesterday governor rick perry came to town and we asked him that, and one of our producers asked him about federal assistance and he said it s too early and has not reached out to the federal government and he is certain barack obama is watching the developments here and as the community is beginning to put its life back together again, and we understood from the sheriff the plan is to let residents back in at about 8:00 this morning, and this road behind me is one of the two ways in and out of the community, and so as they trickle back in, we will bring more to you. looks like investors are ignoring the old adage, sell in may and go away. the stock market on the rally. the nasdaq and dow and s&p 500 finishing up at record levels.
crucial month. what the may numbers are telling us and what investors need to pay attention to. welcome to a brand-new hour of happening now. i m jon scott. jenna: i m jenna lee. big moves in the economy over the last several weeks with positive signs that are offering some encouragement. there also could be reason for concern as well. we ll go through that with you. the consumer confidence index, something that is looked at as how do we feel about what s happening with the economy bounced back a little bit in april after dropping in march, meaning we are feeling a little bit better about the economy and that means good things usually, because that might mean that we spend more, which is important. a stronger housing market is also given as part of the reason why we might be more optimistic. home prices rising at the fastest rate since 2006. a live look at the dow today, may 1, that is an important part of this as well. there is an old adage on wall street, sell in may and go away. i
it is 23 minutes past the hour. we re minding your business this morning. the stock market is set to rebound following big losses last week. christine, the market is still up for the year. let s put everything in perspective. i know. it s up big for the year. you keep hearing us say look, last week was the worst week of the year and that s true. but look at the three major averages since the start of 2013. the dow up 11%, the nasdaq up 6%, and the s&p up 9%. investors are always looking for reasons to sell some stocks and take some profits. remember i was telling you about this little trick of the calendar called sell in may and go away. it s one of the things that has worked the past few years. you see selling in the spring and people come back at the end of the summer. some people are talking about that with the big gains we ve seen so far this year. and you know, the attack in boston brought some fear back into the market.
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