A deal to acquire Cloud Software provider hasha corp. At a premium to its 4. 9 billion market valuation could be reached within a matter of days, shares surging over 22 right now on that news p. Lets check ib bm shares. Initially, they dropped on the report but now just up about half a percent right now. Lets get to the border broader or markets because the bulls are charging ahead with about a 59 minutes left to trade. All of the major averages extending yesterdays gains. The dow is up 257 points and on pace for a fourth straight session of gains. The s p 500 up 61. 5 points right now, looking for its first back to back gain since last month, and the nasdaq is also trying for two up days in a row, looks as of now that it will clinch that. Earnings season, folks, is officially here, and helping at least in part to paint the session green. Speaking of earnings, investors giving the green light to General Motors after its report morning. Shares really accelerating right now by 5 after th
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
That dow ever close above 26,000 came after eight trading sessions youve seen four days this year where you have seen the dow going up 200 points or more. It only had six days like that last year. This morning futures are relatively flat. Dow indicated up 2. 5 points. Overnight in asia, china reporting Fourth Quarter gdp of 6. 6. 8 , bringing the 2007 gdp to 6. 9 we will get china bay book data at 6 30 a. M. Eastern time, independent Data Collected from businesses from china. Check out europe, where early trading is already underwa way the dax is up. In france, trading up by 0. 10 the treasury yield which we have been watching so closely, pushing above 2. 6 for the tenyear 2. 603 so we were at 25,000 and 1,000 points in eight trading sessions 1,000 on 25,000 is 4 think about 4 . What is every person say, sell side guy say coming on here. Mid Single Digits 4 . So either its more than that or there will be a lot of reversion of the mean. We did 4 already. I get a bit annoyed because its
Schumer just arrived at the white house. Reporter i caught up with chuck rounds, a republican from north dakota, who last night was a no vote and this morning changed to yes after promises from Mitch Mcconnell i asked him what was going on. He said leadership has them in a Holding Pattern for the next couple of hours as they figure out what theyre going to vote on, whether it will be the bill the house passed last night, that 30day shortterm funding bill, whether it will be Something Like four to five days which democrats and some republicans have proposed to ramp up the pressure to get a deal done on immigration whether it will be something in between. He says republicans in the rank and file dont know yet. Senator schumer and Democratic Caucus are surely meeting this afternoon to figure out next steps from their approach after that 90minute meeting with the president. As i said, when he came back to the capitol, he had little to say about the meeting, but just that it was productive
The blue chips index saw it is biggest intraday reversal since. Gust of 20 for the s p 500 it was the biggest flip since 2016. If any one thing pressured stocks today it was the bond market. A weakur tre auction and a bumming deal in washington sent them on a fewer year high. That rise in terms triggered concerns that the Federal Reserve might raise rates. The dow was down to 25693. And with volatilitck are some are calling this a new phase in the market. But is there more selling ahead . Bob pisani takes a look. Reporter it was another wild and whacky day of trading. He dow swung this a 500 rai and went from negative to up 200 points in 30 seconds but closed lower. We know a large part of the blood bath thiseek was perhaps due to obscure trading products tied to volatility. For the past year traders have been short the volatility betting it would drop and long on the stock market. This blew up on monday. Trade hers toould have their short positions on volatility and had to lighten up