Prognosticators who said the trump win would send stocks down hard have been off the mark. Today, the Dow Jones Industrial average rocketed to a record close. But not everyone participated. Well have more on that in just a moment. The dow rose 218 points to 18,807, a record. The nasdaq lost 42. And the s p 500 rose four. Bob pisani has more on the rally. Reporter what a week of trading. We went from rallying on monday, going into the election, to down 800 points the night of the election, to soaring to record heights just today. Whats going on . Theres a new trading mentality on wall street right now. Lets call it the reflation trade. Buy into sectors that will benefit from less regulation and more fiscal stimulus, that means spending. Bank stocks like jpmorgan and Goldman Stacks all hit new highs today. On the other side, the downside, Interest Rate sensitive groups like telecom, real estate, and utilities are being hit on concerns of higher Interest Rates. Big Tech Companies like app
Prognosticators who said the trump win would send stocks down hard have been off the mark. Today, the Dow Jones Industrial average rocketed to a record close. But not everyone participated. Well have more on that in just a moment. The dow rose 218 points to 18,807, a record. The nasdaq lost 42. And the s p 500 rose four. Bob pisani has more on the rally. Reporter what a week of trading. We went from rallying on monday, going into the election, to down 800 points the night of the election, to soaring to record heights just today. Whats going on . Theres a new trading mentality on wall street right now. Lets call it the reflation trade. Buy into sectors that will benefit from less regulation and more fiscal stimulus, that means spending. Bank stocks like jpmorgan and Goldman Stacks all hit new highs today. On the other side, the downside, Interest Rate sensitive groups like telecom, real estate, and utilities are being hit on concerns of higher Interest Rates. Big Tech Companies like app
Actions of public companies. If you look at the companies with stocks that currently trade, you might not see the oncoming train of a private Company Coming right at you. Thats why we travelled out west to sit down with all sorts of privatelyheld companies to hear what they were up to and how theyre going to disrupt industries. Its why we check in with cus of fledgling companies. When dont want you to be surprised. I have been dragged kicking and screaming into the new era but not necessarily how you think. Half dozen years ago a group of us from summit, new jersey, decided to buy an in down the block from my house. I have been known to whip up pretty mean scrambled eggs there. I am working on poached ones. We didnt know anything about the lodging business. The building seemed nice. I thought wed have needs like around the clock coverage to check people in, get them out, get them to pay. I thought there was no way anyone would hear about us unless we spent time and money on advertising
Donald trump is suspected to host saturday night live. The protests are getting louder. What can i say . Im the absolute best. What can i say. Reporter investigators say Joe Gliniewicz staged his suicide and had stolen thousands of dollars from a Youth Program. Mortgage payments, gym memberships, adult websites. A California College campus, a male student stabbed two students, a faculty member and a construction worker. He was shot and killed. Chris stapleton. Chris stapleton well, there is probably a party tonight. Air traffic was interrupted at san diego airport and the gunman surrendered. She sprang into action chasing down. An attack at a drivethru. The failed pro legalization in ohio has drawn criticism about growing pot with a mascot named buddy. I think we actually have a picture of buddy. There he is. On cbs this morning. I need a car. Ill be right with you. Look. I need a car really quickly. Im being chased by a number of of assassins. We all have things to do. Announ and Chri
Hey, ho, ho donald trump is suspected to host saturday night live. The protests are getting louder. What can i say . Im the absolute best. What can i say. Reporter investigators say Joe Gliniewicz staged his suicidede and had stolen thousands o o dollars from a Youth Program. Mortgage payments, gym memberships, adult websites. A California College campus, a male student stabbed two students, a faculty member and a construction worker. He was shot and killed. Chris stapleton. Chris stapleton well, there i i probably a party tonight. Air traffic was interrupted at san diego airport and the gunman surrendered. She sprang into action chasing down. All that matters. The failed pro legalalation in ohio has drawn criticism about growing pot with a mascot named buddy. I think we actuallhave a picture of buddy. There he is. On cbs this morning. I need a car. Ill be right with you. Look. I need a car really quickly. Im being chased by a number of of assassins. We all have things to do. Announ an