In terms of an after hours session for us it certainly is so many Earnings Reports coming out. And four giant Tech Companies among them coming up on this massive show, fresh off earnings this morning, an exclusive interview with david taylor shares hitting a new record high today. The company saw consumers stock up on Household Goods amid the pandemic and then at the close, well get earnings as sara mentioned from names like apple, amazon, facebook, and alphabet those companies represent some 40 of the nasdaq 100s total market cap that is all coming up today on closing bell. Lets start with the markets the dow more than 500 points intraday swings today. Now at the moment down by 200 points mike, an intraday recovery inspired by the european close this was soft. Once we got that behind us, allowed us to bounce a bit it is true. The markets absorbed that weakness in europe as well as, of course, the ugly economic numbers before the open. Also i tested the recent lows in treasury yields w
Andrew ross sorkin with joe kernen becky is off again today a little in the red. The treasury yields and earnings that may have an impact on all of this. The 10year note, we are now below. 6 we are down to. 592 we can debate what that means for today. Discussing Market Recovery and earnings Kansas City Southern and United Airlines ceo and health and Human Services secretary you want to stay tuned to squauchl the nasdaq down pretty significantly. It was up two or three hundred. It was up and did you know and up and down. It was really crazy. You heard cramer talking about that it was truly crazy. Insanity. The didnt hold on to the big gains. I think it was down almost 300 when cooperating on that at the end of the day, well see. I heard it said, well, you gave him an out he could have been resting on his laurels by now saying i would at least nuance it so i could claim to have been right if we had extended here. Doesnt it feel extended here. If i were paulson. Fur trying to be right all
Power lunch starts right now the s p 500 briefly dipping below 3,000. Bob has more on todays sell off. This is a very interesting day because its complicated we had a 70point swing in the s p 500. Wii right on the verge of going positive its not simple to say this is a day when the cyclicals started rallying the market is bit unsure of what to do. Just take a look at the dow leadership here. You say, look at all these industries rally here. 3m is up boeing is having a good day. Were seeing the other stocks. Raytheon is on the upside. You say the cyclicals are doing well thats not really the case look at the dow laggards, for example. You get defensive names like merck and pfizer caterpillar is still down. Banks are still down even though they are off the lows. You see its not quite simple to say the cyclicals are rallying boeing has been on a wile ride for weeks. It was 176 earlier in the day. Its been moving up and moved into positive territory. It was 155 two weeks ago it goes down t
Least for today. Nasdaq pacing for its fifth day in the green markets moving higher. Lets get to bob fast break more on this rally. Hi, bob. It is tech powering the market is choosing to believe the reopening stories will go well the airlines are all up. It goes either way on that well see if we can break out. If we can do that, were back to the levels we havent seen since march here when you have the five largest stocks, the market will be up. Thats a big meg cap rally most of the semiconductors have done well. Nvidia is up 10 microns had a pretty good week they are contributing as well. Not only is it positive, were up almost 5 better than the overall nasdaq but something very important has happened to the etf. Thats the triple q. Its amassed 100 billion in assets thats a very rare number. The etf business about 3 trillion theres only four other etfs that have 100 billion in assets and they are mostly s p 500 related. The spider s p the ishares. Vanguard has one total stock market, a
Why the bernie camp should read shakespeares julius caesar, act 3, scene 1. All that and much more on making money. Charles market back deep in the red after coronavirus fears sparked a major selloff yesterday retreating from early gains. This is about a housing boom i spoke about, a clear sign of the domestic economy doing very well, parts of it in fact surging. To break down what were dealing with today bellpointe chief Market Strategist david nelson and the gartman letter editor and publisher dennis gartman. Dennis, let me start with you. We were up almost 2 pun points out of the gate. I dont think anyone would take the bait if you will but it was driven by good earnings and some Economic Data and it feels like we have two forces at each other right now. Things have been happening with the economy and then what may happen because of the coronavirus. I think you have a number of things you have going on here, charles. Coronavirus circumstance is a major catalyst but you have geopolit