Capped a strong week within striking distance of alltime record closing high. Blue chip index up to 18,127. The nasdaq gained 34 points rising for 5 Straight Days to get third highest close ever at 5026. And s p 500 up nearly 19 to 2108. In a week of big triple digit swings dont fight the fed. Stocks got lot of help after the fed wednesday dropped the word patient from its Interest Rate prognosis but basically said it will be patient about raising them. The dow rose 2 for the week. The nasdaq outpacing the others with a 3 rise and the s p. So its steepest weekly advance. But focus squarely this week on nasdaq that closed above 5,000 for the second time this year and on a few occasions this week the index was up when the dow and the s p were down. So why the recent strength in the index . Bertha coombs has our repo. Reporter the nasdaq is now within reach of new alltime high. And this time around says j. P. Morgans kate moore, the tech heavy index is driven by profits more than hype. We
Capped a strong week within striking distance of alltime record closing high. Blue chip index up to 18,127. The nasdaq gained 34 points rising for 5 Straight Days to get third highest close ever at 5026. And s p 500 up nearly 19 to 2108. In a week of big triple digit swings dont fight the fed. Stocks got lot of help after the fed wednesday dropped the word patient from its Interest Rate prognosis but basically said it will be patient about raising them. The dow rose 2 for the week. The nasdaq outpacing the others with a 3 rise and the s p. So its steepest weekly advance. But focus squarely this week on nasdaq that closed above 5,000 for the second time this year and on a few occasions this week the index was up when the dow and the s p were down. So why the recent strength in the index . Bertha coombs has our repo. Reporter the nasdaq is now within reach of new alltime high. And this time around says j. P. Morgans kate moore, the tech heavy index is driven by profits more than hype. We
Well, good afternoon, everyone. Thank you for being here today. Its my pleasure to introduce secretary of defense lloyd austin iii and chairman of the joint chiefs of staff general mark milley the second that you would deliver remarks and then they will have time to take a few questions. I will moderate this question and call on questioners. Thanks, patrick. Good afternoon, everyone. We had just completed our seventh meeting of the Ukraine Defense Contact Group, and its been another highly successful session. Now, we are meeting today as russia continues to target ukraines civilians and bombard its energy grid. But russias deliberate cruelty only deepens our resolve. And will continue to support ukraines bedrock right to defend itself and defend the rulesbased international order. Yesterday we saw reports of a deadly explosion in poland near its border with ukraine. I spoke last night to my polish counterpart, deputy Prime Minister Prime Minister of National Defense, and i conveyed my
First of all the appropriators have to agree on that. So we are also working with the appropriations committees as they try to get a topflight agreement and get the appropriation bills done. At the end of the date the appropriate other want to decide how much money gets spent. We have something to say about the oversight and how that money gets spent. So all different parts of that, appropriators and authorizers are working together to try to settle on with our file number is going to be. Host representative smith, what are your impressions so far going into the possibility of not becoming a member of the minority come next year . Guest the biggest thing for me is how successful this election was. Well, good afternoon, everyone. Thank you for being here today. Its my pleasure to introduce secretary of defense lloyd austin iii and chairman of the joint chiefs of staff general mark milley the second that you would deliver remarks and then they will have time to take a few questions. I wi
For what the trading range is. Bigger picture, we never broke that downtrend from the january peak and the rally off the lows got a lot of credence to it. This is where the trenches are dug between the bulls and the bears here, right around these levels now, take a look at highyield debt part of the message from jay powell seemed intended and making sure that Financial Conditions dont get too loose, the markets dont get too generous in financing risk heres the highyield bond etf right here what you see is by the way that was the first fed rate hike in march. Here you had the june lows in the stock market where basically when we had that big stagflation panic and you saw real weakness and widening of credit spreads they really now have come back its widening out again this gap between these two. It shows you more anxiety is filtering into the financing markets although were well off those worst levels the gap between the two is not at a high stress level lets talk about all this and bri