Look outside the usual suspects in the equity market why Morgan Stanley says Southeast Asia is the place to be. Later in the show. Record Box Office Weekend as barbenheimer exceeds all expectations monday, july 24th, 2023, youre watching Worldwide Exchange right here on cnbc monday morning welcome to Worldwide Exchange. Im frank holland. Thank you for starting your day with us. Lets kick off with the dow riding a 10day win streak thats the longest since 2017. Taking a look at futures in the green across the board the dow would open up 50 points higher as we always say, this is early. This is a busy week for wall street 40 of the dow, 30 of the s p 500 set to report. Were talking names like boeing, meta and microsoft we get a trifecta of Central Bank Decisions with the fed kicking off things wednesday before the ecb and bank of japan. They make their own decisions on rates. One week away from what could be the costliest labor strike in at least 100 years with ups and the teamster negoti
It was like five sessions between 25,000 and the zeseventh trading sessio. From january 4th to yesterday is when we saw the 1,000 point move in the dow oil breaking, which is a weird Reason Energy stocks came down as a result just the idea lets hold off for a second nevertheless, with all of that, the s p 500 still remains on pace for its biggest monthly gains since march of 2016. The nasdaq is still on its biggest monthly gain since july of 2016. Look at what happened overnight in asia, you will see the nikkei was down by a third of a percentage point back to this morning sorry, flipflop back to this morning, you are look at double digit gains or triple digit gains once again for the dow. This comes after last night the nikkei down by a third of a percentage point hang seng and shanghai stocks both ended higher bay quarter percentage point in europe, where you see the early trading this morning, you will see at this hour theres a bit of weakness. Dax is down by 0. 2 . Ftse down about
Also good news on the cholesterolfighting front. And has the perct car been finally created . All of those things and lots, lots more today. Tyler is out today once again but Kayla Tausche joins me live at the nyse with bob pisani. Hi there, kayla. Hey, mandy, great to be here. We are watching the markets in rally mode. Mandy ran through just how historic the gains were seeing are. Put this in perspective. Just the fact that the dow has risen, what, 1,000 points in two days . 1,000 points in a day and a half. The s p is 100 points. Youre seeing some numbers youre not going to likely see very, very often. I havent seen them. Ive been here a long time. Look at the s p 500 melting up here chasing stocks here. Weve got to get them because theyre running away from us. Thats what it looks like. Its been a long week. But let me show you the markets today. Were getting strange numbers again. Heavy volume but not as heavy as the last few days. The volatilitys been dropping. Look at this breadth
Nasdaq had its ninth positive month out of the last ten. The worst performing sector, energy not a surprise given wtis performance, down about 6 thats the worst month for wti since march. As for the year so far, the nasdaq is leading the way. Its up more than 19 . The dow is higher by 11 the s p 500 is up by 10. 4 check the global markets. Things were kind of friendly in europe not much happening in the asian markets. Japan and the hang seng and shanghai european equities were more positive a half percentage point gain in average in most of the bourses look at the dollar got over 1. 20, back down to 1. 19 the tenyear, 2. 13 do you go straight do you have a gauntlet from your house to your car . Do you get in a garage do you know, it felt like fall was 55 degrees. 56r7b8g 55. Realfeel 50 i walked out in my sleeveless dress, grabbed a sweater came back out. Theres some leaves around. Rustling a bit. That went fast, didnt it. Way too fast. We still have this Weekend School starting we do.
Blowout earnings from amazon, alphabet, microsoft, and intel that we told you about last night. Amazon and alphabet closed at alltime highs and above the 1,000 a share mark. The two dow components, microsoft and intel, were both up more than 6 . Microsoft hit a new alltime high. And intel was the best performing stock today on the blue chip index. Today alone, amazon added more than 61 billion to its market cap. Alphabets market cap now tops 700 billion, about twice the size of exxonmobil. Microsofts market cap pushed past 650 dlal billion, just onek after hitting 600 billion. Intel shares hit a 17year high. That along with apple saying its seeing Strong Demand for its iphone x sent the nasdaq up more than 2 . And the fact that index easily outperforming the Dow Jones Industrial average, which added 33 points, and the s p, which gained 20 to hit a record. The nasdaq was the big winner for the week as well. The Global Benchmark for crude settled above 60 a barrel for the first in more t