Into a head fake and selling intensified into the close. Today sbirs came out in force, snapping six days of dramatic selling. At the close the Dow Jones Industrial average soared 619 points to 16,285. The nasdaq rose 281 points. And the s p 500 rallied nearly 73 and has emerged out of correction territory. With questions about Global Growth still lingering, was wall street satisfied with that rally . The report from the new york stock exchange. It was another wild day but with a very different ending. It started like yesterday with a 300 point move in the dow at the open. Unlike yesterday, we began rallying midday and kept going. The issue yesterday was not much of a factor today. After 3 00 p. M. Yesterday, waves of orders to sell stocks at the close started hitting the floor. Very large numbers. When traders saw this sell imbalance, they sold ahead of it. That exacerbated the big selloff yesterday. That did not happen today. Sell orders at the close were relatively muted. So is this
As they try to put problems behind them. And the new heart drug may outweigh the benefits. Welcome to street signs, everybody. Lets look at the markets here in particular i want to show you whats going on with the da x. We have only one stock in the green. It is starting the trading week down by seventenths of 1 after a flat week last week over the past year to date period it is still up by 6 not doing too badly. It is telling about the struggles this index has been under where it is down by 1. 3 one of the reasons we could be seeing a number of these stocks down is the strength of the euro on the back the euro is at two and a half year highs against the green back thats when a number of companies go red and were seeing some Energy Related assets move lower in light of what steve was saying about Hurricane Harvey theyre taking activities off line, costs money every single day, ramping up costs money as well, and if theres damage to infrastructure, that costs even more lets look at othe
Dollars at a onemonth high. Road map begins with trumps tax plan and the president and gop moving on from health care set to unveil their framework. The dow looking to stop a foursession skid. Shares of nike are down this after earnings in the wake of the equifax hack Richard Cordray will join us live. The gop slated to release the framework of its tax reform proposal multiple sources saying it is expected to include a cut in the corporate rate from 25 to 20 higher than the 15 favored by the president. The pass through businesses lower to 25. Rates of 12, 25 and 35 the plan would also eliminate the deduction for state and local taxes and nearly double the standard deduction Child Tax Credit would be substantially increased, although in these early days, politico saying, jim, that top individual rate is still the focus of some delate abate and a surcharge for the wealthy. We have to wait and see. Those of us in highstate can calculate what a 35 to 39 drop and it is a bast to 42, 43 if y
Diverted due to the shooting clearly a developing story well keep a close eye on. The first trading day of october. We just finished the Third Quarter which was positive basically for Asset Classes across the board, stocks, bonds, commodities as well. S p and nasdaq closing at record highs on friday. Here on monday were setting up for potentially a positive session with the dow up 20 points s p 500 higher by around 2 points as well technology the standout in the Third Quarter gaining around 8 . Switching focus to bonds where yields have been on the rise, lets take a look at where the ten year yield has been trading at at 2. 35 feet on friday economic data. Thats the jobs report the question is whether the fed will raise rates before years end. Markets are all closed for holidays gains for japan and also for australia for the month last month. Japan was up, hong kong and shanghai down. European trade is up for the most part apart from the spanish index which is down because of those cla
61 points. Whats happening across the pond in the european markets, and its a mostly lower day as you can see. The ftse bucking the trend up one third of one percent see where Interest Rates are heading today and theres 236 on the 10year and crude is holding there. The road map starts with the largest proxy fight ever Procter Gamble shareholders deciding whether nelson peltz should get a seat on the board plus, the e commerce play, walmart remodeling stores andaging digital experiences and betting online sales will grow by 40 honnywell, shares rising after they spin off the home and transportation units front and center, Procter Gambles annual meeting getting under way. Shareholders whether to give nelson peltz a seat on the board. He has been seeking changes and p g officials are opposing saying their Growth Strategy is on track of the lobbying on both sides has been intense sara eisen will have exclusive interviews with nelson peltz and Procter Gamble ceo, david taylor first, jim cra