Will it work . One of the main incumbents, good rx, shares their answer to the new competition. The bitcoin rally continues, but for how long . Brad darling house will have his take later this hour. Tech share is leading the market higher as more covid restrictions, staying at home for the foreseeable future. Scientists are racing to make advances on the vaccine front, but there is a long winter ahead. Joining us now is abigail doolittle, taking a look at the Market Movers of the day. A lot of conflicting strands. How does it add up . Yesterday, we had the bearish , the risk off news about Public Schools closing. The Biggest School systems in the u. S. Closing on the virus. We have hospitalizations at a record high in the u. S. Stocks yesterday sold off. Today, they rallied. They started in the red, and were flat on the day most of the day. At the end of the day, the nasdaq 100 climbing by about three quarters of 1 . Once again, we have the disconnect between stocks and a reality that
Fourth quarter shipments are up yearoveryear. We will talk to him about what is ahead for 2020. He is the amazon executive who calledd over what he vain toxicity running through company culture. Stories in a moment but first, tech earnings trickling out today. Abigail doolittle is with us. Abigail there was some action later in the day. Another sleepy day for much of the day for stocks. Record highs for the s p 500 and the nasdaq. News came out from pfizer, another headline that pfizer, the doses they will be able to provide for this year expected to be half of what had been anticipated. When the headline came out, it ran very bearish it read very bearish. Stocks initially took a leg lower. The s p 500 going down three tens of 1 . A decent intraday move. The s p 500 finishing down for the first time in three days. The nasdaq, however, managing to keep a small gain and a record high on the date. Pfizer really slipped, 1. 7 . Etf up 8 10 ofnd 1 . Tones of risk off, uncertainty around the
Chips. And, Microsoft Online Game Services hitby by an outage. Dropping amid a tuesday. N big tech the ecommerce giant amazon facing an antitrust complaint from the eu abigail, walk us through the factors dragging stocks down today. Abigail another mix today. Another down day for tech and the nasdaq 100 in particular having the worst two days and months. On the others, other sex is and indexes doing well such as the russell 2000 and other cyclically minded sectors. 4 . Worst slide, down about investors want out of this years stayathome trade. Investors charging forward into the reopening trade. Inout, inout. As for what was dragging on technology, you were talking about amazon. , in a, now down that youn, the eu talk were mentioning. This was the ultimate stayathome stock. If the economy is going to reopen, recover a little bit sooner than expected. Even as the virus numbers are worsening right now. Investors one out of amazon, one out of microsoft. Zoom, these stocks up so much on the
About it and how the Company Plans to fight continued covid and political misinformation. The former Economic Council director gary cohn urging congress to pass more stimulus now. A sneak peek of my wideranging interview on everything from bitcoin to spacs, coming up. U. S. Stocks fell from records as ofestors weigh the prospects risk. Zoom video just reported after the bell. Abigail shares modestly lower in the after our market trading. For any other stock, it would be a pretty decent decline of about 4 , 5 . Forume video, it is a zoom video, it is a modest decline. Their sales basically quadrupled in their fiscal third quarter. Upy beat adjusted earnings, 6500 . They put up a penny a year ago. In this quarter, they put up . 66. You do have the stock down, probably because this is one of those high flyers on the year. Thanthis report, up more 600 on the year. They essentially got perfection at least ahead of the call. It appears they wanted just a little bit more. Relative to a stock
Rose. Microsoft saw a better First Quarter revenue, helped by demand for Cloud Services as more people work remotely. Sales through september topping 37 billion. Melbourne, the merge from a melbourne emerges from a strict lockdown. Ours and restaurants are reopening, even home visits are allowed. Shery lets get you started with a check of the markets. U. S. Futures opening lower, down. 4 . This after stocks fell to a three week low in the regular session. We had cyclical stocks taking the brunt as virus cases continued to climb globally. We have the nasdaq composite pulling back of yesterdays losses on the deal around amd. Durable goods orders coming in better than expected. Lets see how things are shaping up for the asian markets. Here is Sophie Kamaruddin in hong kong. Sophie we are seeing losses continue here in asia. Chip stocks very much a focus after amds deal to buy. Earnings. We have results from sony, zte, as well as budweiser asia to name a few. And a straley or, we have had