Certain big funds were selling some tech stocks to raise cash to buy twitter. Tonight and tomorrow so the nasdaq was down 8 points and s p 500 up 7. 5 points. Very close to its alltime high as well. Meanwhile, the dow crossing a fresh alltime high and s p ending near a record of its own. Bob pisani anybody expecting this strong of a day today . What was behind it . You know this is a very weird day, because youre right. The dow is at an all taif im high and look around and say, gee, everything must be doing great anticipate thats not the case. We had some very odd dislocations. Put up the full screen. The bledsoereadth was poor, flat at the nyse. May have been negative towards the end. Big cap texts, oil, Consumer Staples moving but all the big momentum name, bio tech got hit badly. Why i find it a strange day. Put up the major indices, look at this dow up 124 point, nasdaq down, the transports are down, 0. 7 . Thats a little strange. Normally you dont see that. If in terms of what was
Ohnson johnson johnnie john is what we used to call it. I said, call me johnny john . No, but that goes back to my Trading Floor days. Ibm and texas, instruments. Something i want to make sure everyone is aware of, 9 30, bill gates will be sitting down with bloomberg lp founder and majority owner Michael Bloomberg , a conversation moderated i betty liu. This is huge, talking about how to make the world a better place . How do you fight poverty . These are two guys who are in a position to do it. We look forward to that one. There is a storm of swords approaching, isnt there . I hear that. He doesnt believe it. Time andt caught last youre like, this is no storm. In the city, it was not a big deal. Im sorry. Lets do a data check. If youre in or not to trade, youre going to be coming into a green screen this morning. Equity futures higher at the moment. 4 points,utures up by dow futures by 51. A nice game. 10 year yield running in place. Eurou. S. Dollar, no real change, little bit of a m
Daniel lobe, under terms of the deal, three directors, including daniel director, originally nominated by three point, himself and Michael Wolff submitted their resignations from yahoo s board today. David ouch. National association of realtors says existing home sales fell 1. 2 after two straight months of big increases. This coincided with a rise in interest rates. But prices surged to a fiveyear high, suggesting that the Housing Market recovery remains on track. Liz troubled electronic chain, radioshack, reportedly hiring peter j solomon to raise financing. They are looking for ways to reverse falling sales and repair its image. David oil not going the way of gold. Oil finishing lower in new york trading today, closing below 107 a barrel. Traders focused on the brent premium over and continuing tensions in the middle east. Liz glaxosmithkline says some of its executives may have broken the law in china. Chinese officials, weve been telling you this since last week, accused four of t