Futures are mixed after nvidia reports a blowout quarter last night and take a look at the number down industrial 33, the nasdaq up 158 and nvidia reporting a 262 jump in revenue signaling the a. I. Boom has staying power all of this as inflation is persisting, the Federal Reserve minutes yesterday show fed officials anticipate newer rate cuts and higher for longer rates this year than previously expected, take a look at yields on the ten year, the yield pulling back on the tenure sitting at a level on the tenure of around 4. 4 , european markets are up, europe as well higher across the board in the eurozone and asia overnight the markets finish mostly lower, the nikkei in japan the nikkei average at one and a quarter percent. Back at home shocking emails exposed, revealing a vast effort to delete evidence about the origins of covid19, all leading back to doctor Anthony Fauci, kentucky senator rand paul is here in the adm our live on his pursuit for criminal charges n now. President tr
Not seen the kind of range today we have seen in recent days, that changes in the markets prove me wrong. We swung from a loss to a gain. It is a smaller loss than we have seen in recent days. Still, the volatility is there, or the swings are there and daily averages. There was no catalyst that seems to send stocks higher. If you look the daily range, with the average, you can see that today, yes, the range is on a relative basis somewhat smaller. Overall, the range has really ticked up recently. Lets zoom in to get a better look. There you have it. Here is todays daily range versus where it has been recently. It is higher on balance that it was last year on a typical day. . Hat is leading stocks higher we have Consumer Discretionary stocks performing well today. Ther armour is helping lead gains there because the companys earnings and revenue came in better than estimated even the north american revenue still fell. The rates of decline is still smaller than it has been in recent quart
Let by industrials and health care. You have the nasdaq down for the first day. Frontier, trying to stem off customer losses after producing assets from verizon. The s and p. Half good and half bad. This is in my terminal. Half in green, the other in red. This push pull feel came from the cpi number. Down, the gasoline and real estate once you get through hurricane season, may be the numbers dont look as good as we thought. A little bit of lack of conviction. Fanny and freddie. You have a letter from six democrats to the federal Housing Finance agency asking for a buffer. Take a look at these stocks. That core cpi number. I want to end on oil. It briefly touched above 50 a barrel. We are right here at that mark. You have some of the other Energy Companies getting a boost from the oil rally. Julia i will pick up right where you left off. U. S. Inflation may be creeping back toward the Federal Reserve 2 target. Todays Inflation Report offers some relief perhaps. Even if inflation was mov
Theres a lot on the table. You think about autos, agriculture, infrastructure. Theres a lot of stuff here where xi jinping and President Trump will try to find some Common Ground. This has been one of the more tense relationships as far as foreign relations. Scarlet President Trump spoke with taiwans president shortly after he won the election because that broke a Cardinal Rule the recognition of taiwan and taiwans leader as an equal. China reminded him of that by telling him by not speaking to him for a couple of weeks. Tocalled president xi reaffirm his position on the one china policy. Lets get you to Abigail Doolittle with a check on the markets. Less than two hours to go before the close of trading. Abigail gains in the major averages. The dow, s p 500 and nasdaq all up. 3 or more. This comes after the bearish reversal yesterday. We are starting to seeee more volatility. We had the big selloff more than two weeks ago. Volatility usually breeds volatility. Todays calm may not last.
Theres a lot on the table. You think about autos, agriculture, infrastructure. Theres a lot of stuff here where xi jinping and President Trump will try to find some Common Ground. This has been one of the more tense relationships as far as foreign relations. Scarlet President Trump spoke with taiwans president shortly after he won the election because that broke a Cardinal Rule the recognition of taiwan and taiwans leader as an equal. China reminded him of that by telling him by not speaking to him for a couple of weeks. Tocalled president xi reaffirm his position on the one china policy. Lets get you to Abigail Doolittle with a check on the markets. Less than two hours to go before the close of trading. Abigail gains in the major averages. The dow, s p 500 and nasdaq all up. 3 or more. This comes after the bearish reversal yesterday. We are starting to seeee more volatility. We had the big selloff more than two weeks ago. Volatility usually breeds volatility. Todays calm may not last.