Nasdaq with its tech stocks. Four major stock market indexes hit alltime highs today. Here are the record numbers. The dow added 88 points to 18,956. 40odd points away from 19,000. The nasdaq rose 47. S p 500 climbed 16 and the small cap russell index of 2,000 Many Companies up 6. The broad rally hoping that it will invest heavily in infrastructure, a triple play that could spur growth. Todays run also helped by a rise in oil prices. That rise lifted energy stocks. Mike santoli takes a look at the rush of money into stocks. Reporter its a great rotation from bonds into stocks finally happening. The sudden surge in bond yields and expectations of policies under trump from bond funds into stock funds since election day. The latest week track, 18 billion flexed income fund while 27 billion found its way into equity portfolios. Thats the largest one hj week shift from wonder into stocks on record, according to bank of america, merrill lynch. Particularly popular, funds that invest in finan
Nasdaq with its tech stocks. Four major stock market indexes hit alltime highs today. Here are the record numbers. The dow added 88 points to 18,956. 40odd points away from 19,000. The nasdaq rose 47. S p 500 climbed 16 and the small cap russell index of 2,000 Many Companies up 6. The broad rally hoping that it will invest heavily in infrastructure, a triple play that could spur growth. Todays run also helped by a rise in oil prices. That rise lifted energy stocks. Mike santoli takes a look at the rush of money into stocks. Reporter its a great rotation from bonds into stocks finally happening. The sudden surge in bond yields and expectations of policies under trump from bond funds into stock funds since election day. The latest week track, 18 billion flexed income fund while 27 billion found its way into equity portfolios. Thats the largest one hj week shift from wonder into stocks on record, according to bank of america, merrill lynch. Particularly popular, funds that invest in finan
Dan what is next is that we have reported that mr. Renzi, according to one italian news agency, has already met with the italian president. He has to formally submit his resignation and then resolve this political crisis, turning it over to the italian president , who will hold probably two days of Political Consultations with the leaders partiess political before deciding on a mandate government for the country. David a lot of focus was on the italian banks and what this would mean for the italian banks. Do we have any sense of the answer to that question . There aretle bit, but still a lot of Unanswered Questions so far. , the worlds oldest bank is in the midst of a 5 billion euro Capital Raising plan. It has started the first leg of that. The board is probably meeting today. They are likely to put out a statement to find out what happens next. Are they going to proceed with this plan or perhaps postpone it, given that while markets are not as volatile as people expected today, who k
He is expanding his search for secretary of state to names like jon huntsman and the exxon ceo. We are 30 minutes away from the end of the monday session. Check it out on the lefthand column. Equities fell earlier. Look at the gains for currency against the dollar. The euro earlier was down against the dollar to a 20 month low. These are bond yields. Falling. Es are we are looking ahead to next weeks federal and Market Committee rate decision. Investors penciling in a rate hike which isnt good for the a lower of the precious metal. 3. 4 higher today. Its a french Investment Firm exclusive in exclusive talks to buy a Global Asset Management unit. Business may be valued at 3. 5 billion euros. A purchase would propel it into the top ranks of global Money Managers with almost 1. 4 trillion in assets. Austriat to talk about over theustrians weekend elected a Green Party Economic professor as their next president. Spurning the appeal of an antiimmigrant nationalist who campaigned to weaken t
Up noorn more than 20 . People going towards the stocks. The question, is there going to be a potential cut in dividends. I dont believe so and utilities have ban great performer the last number of years. The hunt for yields is going to continue and the oneyear to 1. 48. Look, in utilities, theyre a special sector, because theyre a regulated entity. Theyll get enough to pay those dividends. See a massive recession, depression that will shut down terms of need for electricity and so forth. They can do fine. Tickle the energy cost coming down. Look at materials, however, stocks like php, i dont see how they maintain div gends going forwa dividends Going Forward. More worried about that. Energy could come down more. Basically okay. Theyll come down. You still need dividends. Telecos . Who knows . Major disruption there. And in some respects, joe, try to get what could be coming. Gdp report, disappointing, business dropoff. People wondering if that forecasts a recession. If business spendi