The s p 500 is officially in a correction. The s p 500 and the dow on pace for their worst week since 2008, so lots of jitters and uncertainty. We see this also with the vix. The fear index spiking on today. On the week, the vix is on pace for the biggest spike higher ever in a week. , in record lows about 10 moves higher, higher on tuesday to 50, and now we see through the vix, the volatility we have seen all week is higher, not getting back as some thought would happen as we have seen in the past. Down, notback happening. Fear remains in the market. Relative to the s p 500, the major averages, that lack of complacency here might mean more downsides ahead. If we hop into the bloomberg, this is a longerterm chart of the s p 500 in relation to its 100 Day Moving Average in blue, its 200 Day Moving Average in yellow. We see the s p 500 has simply sliced through the 100 Day Moving Average and earlier, below the 200 Day Moving Average, just slightly following that smallcap index in 2000. D
Unchanged suggested that inflation might move high they are year. The gains, disappeared th for an hour or so. But then they were found. And here are the day final numbers. The Dow Jones Industrial average rose 72 points to 26,149. The s p 500 gained nine and the nasdaq 500 was up one. Th choppy day closed out a very strong month. The dow and s p extended their win streaksn to raight months something that hasnt happened since 1959. Those indexes also had their best january outing in years as u can see there. Not to be outdone, oil prices rosel seven p percent this month as production topped 10 millio Barrels Per Day for the First Time Since 1970. Now to the fed. As weed mentihe Central Bank Left rates unchanged at chair Janet Yellens last meeting but upgraded its view of the economy and expressed greater confidence that inflation will move towards its 2 target. Steve liesman is in washington i t. Bottom line is that the fed pointed to market strength. Its on track for at least three ra
Out my myspace page. Power lunch begins right now and welcome to power lunch. Im melissa lee. The dow and s p both hitting records. Neither had back to back losses so far in 2018 all three major averages on track for a fouj straight positive week and on pace for the biggest monthly gain since october of 2013. And 3m and intel soaring and dividend hike. Well check out the other movers colgate is down. Revenue falling short. Honeywell is higher on the earning by 1 . The company also raising the outlook in starbucks, down 6 revenue missing forecast sales growth expected to come in at the low end of the prior 2018 forecast thank you very much. Welcome, im Tyler Mathisen and get you up to date shares of wynn tanking now down 7 on the reports of Sexual Misconduct by the ceo and founder steve wynn the wall street journal reporting dozens of people coming forward, more on this developing story ahead us economy growing steadily in the Fourth Quarter of last year but losing steam from the summer
Side, son. You like the graphics . Neil that is phenomenal. I immediately shouted at my staff, what are you doing for me. They have an etchasketch presentation. I was a little chagrined. Thank you, my friend. Great, great show. Now i have to top that. That is not too easy. With interest, it is actually going to round out to 5 trillion at the rate were going, why bother ourselves with details here. What is remarkable about all this, as we get details on that, an infrastructure plan and all of that, even though we dont have the money whether youre on the right or left, the markets are kind of okay, theyre bouncing back from the lows where they were well into correction territory, 10 correction territory, not near 20 . And it is just weird. It is just weird. Connell mcshane at the white house on all of the above. Reporter it is weird, neil, i guess were okay until were not. That is the bond market where we find out about it first. Here at white house the 4. 4 trillion budget plan is being
Sarbanes the Alabama Company is raising their wages and giving a thousand dollar bonus. For those of you keeping track we have over 350 companies that have announced bonuses, new hiring or increased Retirement Benefits as a direct result of tax reform which not a single democrat supported. These have affected 4 million americans. The president is working to work for all americans. The tax reforms is a big part of that. As we all saw yesterday, the president is rebuilding infrastructure in america, secure decades of neglect. We are building a safe and reliable and modern infrastructure to meet the needs of the American People and to fuel Economic Growth and to help make this possible, we have a special announcement today, in keeping with his campaign pledge, the president donates his salary for further work being done. Most recently the president donated his Third Quarter salaries to help combat the opioid epidemic. And today the president is proud to donate his fourth 2017 salary to th