Proxy for the selection. It was the unexpected proxy. The peso has been gaining ground in the wake of the debate last night and some market for tip of the are judging a Hillary Clinton one. That is fueling to some degree of relief rally in u. S. Stocks. We see some cyclical groups leading the rally today. Most notably, discretionary stocks. They are doing particularly well. If you look at the s p index, its up. Thats one of the best performing groups we are watching. That has to do with Consumer Confidence. It rose to a ninemonth high. If you look at the bloomberg, you can see how it dead. This is ec a left on the bloomberg. This is the actual number. You chart here shows todays reports are way out here. We saw that. Jobs are plentiful right now. This is also at a nineyear high. If you look around the discretionary universe, weve got the Online Travel sites doing well. They are rallying more than 3 . Amazon is rallying today. Once again, its at a record. They are benefiting from some o
Market mention. Consumer confidence comes in at a nineyear high. Much better boost in Consumer Confidence than people had anticipated. We got past the hump of the president ial debate, which had caused uncertainty. Thats right. If you take a look at the s p 500 you can see that it closed up today, led mostly by retailers and technology companies. Part of that is the relief rally, part of that is the Consumer Confidence numbers that you mentioned. We were also talking about banks earlier. Rebounding a bit from yesterday. Closing up yesterday from where it was yesterday. Eating into a bit of the relief rally. We get tooe optimistic, lets take a look at some energy stocks. Skew, a look at the thats a oneyear high indicating that investors are nervous about energy stocks. Getting back to that old uncertainty. On the Government Bond front, not much going on there. Even in this risk on day, theything kind of on twoyear. Remember we were like positive yields in germany . That quickly disappea
Tom keene is in new york. Its a busy week. Nationalll of the banks. Tom i like what you say about hope and reality. In america, we are focused on these key primaries today. Lets get the first word news with vonnie quinn. Hasie quinn russia prepared a push withdrawal from troops in syria. This puts pressure on the syrian allies to come up with a deal in the talks in geneva. So far, there has been no sign of compromise. More tough talk from north koreas leader. He vows to detonate another Nuclear Warhead in a short time. He said he will test launch a ballistic mystical missile capable of carrying one. Merkel tod anglo review the flow of reduce the flow of refugees. She will be held from the turkish leader. Has the power to hold them back or keep them going. There is a summit friday and brussels. Its another big tuesday for president ial hopefuls. Five states are holding primaries. Has come the main battleground for republicans. John kasich has a lead over donald trump. Meanwhile, cup has
Stocks are headed up to their session highs of a with that said they are still in the red. Right now lets take a look at where they stand. The dow is coming up on the flat line, but the s p 500 is down by about a third of a percent. The s p is down for the second day in a row, and this is its first backtoback losses so far this month. Part of the reason for that is because of the retail data that we did see earlier today. Sales for february falling, and januarys game revised to a decline. We will see how the fed will factor in that with Interest Rates tomorrow as well as the day after. I want to show you the General Health of the s p in its sectors. Four are in the green, six are in the red right now and looking at the positives, Information Technology is of the most, by about a quarter of a percent. Utilities not too far behind. 1. 5 , care is down by which had been preceded by materials. Energy is down by about 1 as well. I also have to talk about what is happening in the pharma worl
Lets go over to the markets desk. Julie hyman has the very latest. Julie we are seeing stocks andback after the gain the streak we have seen in u. S. Stocks over the past four weeks. We have the fed meeting coming later this week, so there is a lot of talk about what that will bring. The decline today can really do to be tend on what is happening with oil prices. The Iran Student News Agency reporting the Iranian Oil Minister says we will Freeze Oil Production not until we raise it by about a third. Iran is not willing to freeze production until its production is more in line of what it was historically. 36. 85. Down we are seeing the big cap Oil Companies take a leg lower today. Also not helping oil today is the recovery in the u. S. Dollar as we are seeing people reraise their Interest Rate expectations given the fed meeting. The yen is unchanged versus the dollar but you see the euro and the pound are falling versus the dollar today. Betty it is not just oil today that we are focuse