Ashley no robot could ever replace charles payne. Thank you very much. Good to see you. Time to crank up the duke box. Bad news is good news onp and nasdaq trading at alltime highs, up to the Consumer Price index, lighter than expected. We are on record watch for all three major averages, the dow needs to close 249 points to make history. It is on course, up 274. The s p has had an intraday high, finishing 7. 7 points to set a new mark, 53. 49. Any game for the nasdaq will be a second straight, it is up 250 points. The green on screens likely on rate cut hopes, the april cpi more than expected month over month with annual expectations, poor cpi met expectations coming in at 3. 6, the smallest annual cpi growth in three years and the slowing economic picture retail sales for april coming in month over month after wall street was expecting a 0. 4 rise. Neil cashcari says americans are spending more than he expected. Rates probably need to see where they are until more inflation data is c
Claman if. [laughter] ashley ill take the mcdouble any day, charles [laughter] hey, i tell you what, we love it. Thank you, my friend. Have a good weekend. Im ashley webster, of course, in today for liz claman. Welcome to the final hour of trade. Stocks, well, just a little mixed. Just over 59 minutes left in the session. The dow up, as you can see, about a quarter of a percent. On pace, by the way, for an 8day winning streak. Thats pretty good. The s p up about a tenth of a percent, but the nasdaq down a tenth, and the russell also down almost 1 . It is a mixed, muted bag, thats how were going to put it. But for the week, the dow, s p 500 and nasdaq all remaining in the green as rate cut optimism continues to boost buyers. Theyre not going to give up on that. Todays Economic Data though throwing a small wrinkle in that bullishness. As you can see, the markets this week all in the green, some modestly so. But you know what . Consumer sentiment fell to its lowest level since november as
Charles absolutely are. Absolutely. Liz this country, for better or for worse, and i say for better. Charles, thank you very much. Breaking news. Folks, if there is a headline on this tuesday its that the bulls are maybe losing a bit of their grip on the markets and are in scweap. Ty of snapping multisession winning streaks jeopardy. If you look at this picture at the moment, looks okay, the dow is up 14, but it had been up 125. With we do have the nasdaq dipping into negative territory, down 18, the s p clinging to a 4 of point gain. What is also interesting is that the dow still in the green considering a blue chip bomb that is proving to be a drag. That bomb . Disney. Shares are cratering 99. 25 9. 25 right now. The stock not only dwelling at the low e depth of the dow 30, but it stands as the second worst performer on the s p 500. Disney shares bitten hard by the details that were within what looked like a pretty good Quarterly Earnings report which included a beat on earnings per
First time since october stocks look to close out the month in the red. April showers leaving the dow soaked and got them down 444 at the moment but for the month down 4. 6 followed by the s p 500 which looks to end the last 30 days with a loss of 3 , the nasdaq in a shower but on pace to get clipped by 3. 5 but it is the small and midcap that took the worst dunking, the russell 2000 on track to have lost 6. 6 on the month. Overall no one should be surprised or worried considering the runup by the bulls that theyve enjoyed since november with the backdrop of stubborn inflation which brings us to right now, Federal Reserves Committee Meeting huddled behind closed doors and while the fed is expected to leave borrowing rates to 5. 5 for the sixth meeting in a row, simmering inflation weighing heavily on chairman jay powell. Cutting rates would be a tool used to stimulate spending but with consumer demand sizzling the Central Banks original plan to cut 3 times, 6 times this year is on ice.