The dow is up more than 3 good week for the s p 500 as well the best since early july. As we close out this week its right to point out as tyler just did were not that far away from record highs and that trajectory has been little rocky but its been, you can see to the upside. Just a couple percent away from the record highs that we saw prepandemic back in february as we take stock of the week, check out these particular sectors. They have been a focus for many traders and investors. Check out whats happening with industrial, communication services, internet related names and technology stocks. These three sectors have out performed the500 this week they are the more defensive, less economically sense tiitive names. Theyre all in the green but not as much as the market overall. Watch those as under performers. Can you believe it, tyler, its been two years since that famous or infamous elon musk tesla tweet about funding secured at 420 per share over two years, you can see a 277 gain. B
And 10 respectively snap announcing a new partnership to increase User Engagement and add revenue the cofounder will join us in a few minutes for an exclus iive interview. The dow is on track for its biggest drop since march bob has more on this sell off for us bob. The whole reopening story a little bit under debate right now. The important thing is, the reopening stocks the industrial, the fin tech names, the energy and oim names. All moving to the down side. Boeing is still up 24 this month even with this decline its been a monster. Jpmorgan, all banks, weak, caterpillar weak these stocks had very big moves. I want to show you the big etf movers today were getting double digit declines with some of these energy names the jets have become a super star down big today banks also weak and the pej which is a leisure sector very weak here. The reason were having this is because these were the sectors that moved up the most in the last month i want to show you, can you explain to anybody,
Let that sink in for a moment. 16 just this week were not even done. President trump announcing a travel ban on all nonu. S. Citizens coming in from europe were awaiting details on a stimulus plan or domestic response to ensure containment mitigation and increased testing capabilities right here in the u. S. Were talking to three ceos today. Group one auto, redfin and verizon ceo about how these companies are dealing with the fall out and what the impact of this virus will be on the overall economy. Lets get right to our reporters covering the story for us rick ismonitoring the action i the bond action. We begin with steve on the phone with the latest on this move by the fed. Its been about an hour for markets to digest it people are still trying to figure it all out here it looks like the Federal Reserve is going to do a series of masds ifr operations to put it this way, it will be a trillion dollars a week in the following ways a half a trillion dollars was done at 1 30 today a half
Hovering over us and told us the bad guys are over here and dont go on the 17. Reporter they detaining a couple of people but determined the thief got away. Officers are glad that no one on the freeway was injured during the pursuit. People have the abc7 news appear got the breaking story. You too can receive these alerts by downloading the abc7 app. New at 6 00, a woman struck by a car and killed in berkeley has been identified. 70yearold shelley ridout. Donations accepted in her honor. She was crossing the street when a city owned car struck her only going 15 miles per hour. The driver cooperated with the investigation and no indication alcohol or drugs were factors in the crash. A 16yearold wrestler at College Park High school is paralyzed from the neck down after suffering a spinal cord injury. He is not able to breathe on his own and a gofundme page is set she was a vibrant woman who just turned 40. A woman who exercised regularly but this san jose mother fell victim to the flu. H
As a potential investing opportunity, a way maybe to make a fast buck. If you you this they are right and you want to play, well have some ideas for you later this hour. The ultimate powerhouse. There it is, the address, fifth avenue, park avenue, forget it. Its Central Park West, the address of some of the worlds biggest business leaders, call it home, stars, media folks, lots of folks, sue. How do the megamoney people that can pay tens of millions for an apartment get along as neighbors. Can i borrow some sugar . I was just going to say, can i borrow a cup of coffee . Can el borrow a couple billi billion . Wouldnt that be nice. The markets are up big, along with many traders, were watching the dow, the transports, right now the transports are up 60 points on the trading session. The tenyear note is trading on at a yield of 2. 68 . The dow meanwhile, is up about 178 points on the trading session. Mary thompson is here at post 9 with some of the details. Hey, sue, were definitely in ra