Wasnt as bad as many feared, since its historically one of the worst performing months. The dow rose 55 points. Nasdaq climbed 60, the s p 500 added 14. For the month, all three indexes were higher, but it was the mo for the dow and the s p. Dominic chu has more. It was supposed to be a terrible mon was suggesting, but august turned out n expected. The major u. S. Stom indices ended up higher with the nasdaq kensho,site leading the way, over the last 20 year, august e s p falling an average of almost 1. 5 for the no month. This large stock index got a mix from different sectors Like Technology and more defensive areas like utilities really h p helping lead the charge. Meanwhile, telecom and Energy Related stocks r were among the biggest drags, but one theme continues to play out in 2017. And was reenforced in august as well. And thats the outperformance of higher growth oriented stocks over value stocks. As for whats on tap for september, recent history prints a less optimistic picture
America and perhaps on american resilience manufacturing coming in very strong pushing stocking to new highs, that is where we begin tonight. October historically one of the worst months of the year, but you wouldnt know it today the dow 5ding another 152 points tonight. It also closed at the highs of the days day, which could be a technical sign the blue chip index kept good compute. All joining the dow at new record highs, it was a very broadbased rally as well all posting gains, but as markets climb, so do many investor questions, but how much more may actually be left in a nearly nineyear bull run. Those questioning have been around i have asked them seemingly for the last couple years. Those questions continue to be unanswerable i tell you, i continue to think we have taken a lot of our cues from europe. I say that because we emarked 12,000 as a huge line in the sand see where the dax traded down to, and what its done, and now it makes sense that equities are rallying what still w
Well take you through live for her comments. She will be asked about some of the biggest issues facing business and tech and i imagine some politics, too. You would imagine so, yes. This is the final hour of trading for the month of may, so your last chance to sell in may if you were so inclined. The nasdaq, of course, has been the big out performer. Discuss whether it is time to sell some of the high flying tech names. Well see where the market on close number is. As we head into a traditional i dont like to talk about the traditional. Hasnt work that great. Well talk more about them, dont worry. Begin with netflix ceo making headlines at the conference a few hours ago. Our Julia Boorstin is on the scene with more. Julia. Reporter hey, kelly. Thats right. Netflix ceo reed hatings tells me he is scared of amazon, really scared as amazon ramps up its investment in original content. But he says he is going to broaden the library and grow the subscriber base. If we try to out amazon amazo
We have second half strategies coming up for you. Vertex, activism, blizzard, and within resorts are among the winners in the stock market today. Good gains thats just showing you todays gains there. Foot locker, devon energy, and kroger are some of the bigger losers we always try to discern larger trends from looking at the individual stocks. The kroger story we know well. For sure. Whats old is new again well get you details on a firms turn around plan. You may have heard Berkshire Hathaway is now the largest share holder in bank of america. But thats not the only company where warren buffet is the top shareholder. I love that story, he bought the preferred. They raised the dividend he converted and now he made 12 billion in the process. You have to hand it to hill when everyone was panicking, he stepped in and made so many deals. Buy low thats how that works. Lets get to the market. So far the nasdaq is up more than 14 while both the dow and the s p are up roughlile . But thats star
Carl quintinilla with sara eisen, john fon fortt joins us crude inventories, lets send it back to jackie. Carl, you can see prices are spiking on this report it definitely was bullish, what i have is a crude drawdown of 6. 3 million barrels, a gasoline drawdown of 3. 7 million. These are more in line with the seasonal trends, more in line with what we heard from the api last night that makes sense, you have demand coming from summer driving, fourth of july, Holiday Weekend as well. I dug into that report, production did go up that 100,000 barrels we lost last week, we gained it back this week. Im not sure how people are going to interpret that. Im assuming its probably going to be a bearish sign mixed in here we were trading 4575 before the report came out, 4624 now. Back over to you. All right, were watching crude along with that, jackie, thank you very much. Meanwhile, the president arriving in germany earlier this morning ahead of the bilateral talks with chancellor angela merkel, c