Melt away. All three major averages were at record highs early in the session. The russell 2000 late the declines. 5 . Caps down with the catalyst for this pullback today . What was the catalyst for gains earlier in the session . We did have earnings reports that came in stronger than estimated that there has been this continuing momentum trade where we just see more and more traders piling on including more participation from retail investors. Now it seems that is turning at least for the moment as we head towards the close of todays session. I noticed the 10 year yield. Earlier in the session we had seen it lower. Only by a small amount. Now we are seeing it unchanged. At one point it has been up slightly. A little bit of rejiggering in today in the major averages and other assets as well. At the groupsook on the move and was responsible for the pullback. We have real estate that has been strong throughout the session. Positive analyst commentary on the tower operators has sealed tha
Nasdaq going back to july of 2016, and this demurrage and continuing between the dow and the nasdaq with the magnitude of the nasdaq gain much larger. You see Large Technology outperforming today. And you see the bond market 9 , a yield at two point seven basis point increase their following this mornings cpi data that was closely watched that came in hotter than estimated. We also saw retail sales to worse than estimated. Some extent,et to and we saw futures fall in the wake of that, but now stocks are turning around and rallying here. I we watch the bond market, want to point to you real yields. Technology issaid hurting american businesses and where are seeing some signs of inflation and it is on a relative basis lower, and here are real yields with germany and blue and the u. K. And yellow. We see on a relative basis some could beain in u. S. Yields attractive as well versus some of these other countries which might keep them in check. We might see a point of the line to some exten
Committee sent letters to the fbi and the white house. Howill wants to know he was allowed to work at a white house despite allegations. Charged with harboring islamic extremists in november of 2015. Denied knowing the identity of the two men. They suspected ringleader of the paris attacks. Kuwait says a total of 30 billion in pledges have been made at a summit rebuilding iraq after the Islamic State war. Todayss announcement at a conference falls short of the more than 88 billion that iraq asked for but much higher than amount for this offense participants originally pledged. Global news 24 hours a day powered by more than 2700 journalists and analysts in more than 120 countries. I am mark crumpton. This is bloomberg. Julia live, i am julia chatterley. Scarlet i am scarlet fu. Joe i am joe weisenthal. Stocks rallying. The s p in the green for a full day. The 10 year yield is pushing above 2. 9 . Joe the question is what did you miss . Jump in an unexpected inflation in january shows t
Announce tomorrow that he is running for the utah senate the held by a retiree warren hatch. That is according to the associated press. Three people with direct knowledge of the plan. Massachusetts governor moved to utah after losing the 2012 president ial election. A french court has acquitted a man charged with harboring islamic extremists after they carried out attacks in paris in november, 2015. He has denied knowing the identity of the two men to whom he was renting. One of the two was the suspected ringleader of the paris attacks. Global news, 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. This is bloomberg. Emily welcome to bloomberg technology. Im emily chang, live from the Goldman Sachs Technology Conference in the heart of san francisco, where Silicon Valley needs wall street every year. Weve been hearing from tech luminaries. Jack dorsey talked about how remaining independent will be a strength for twitter. Later today, we will
Look there stocks hitting session highs as we kick off power lunch. Coincidence . Probably but this is the great rate debate as a tugofwar on inflation and Interest Rates and volatility continues to play out in front of our ieyes, stocks are making come back and the dow up and bond yield rising rising since the beginning of february and benchmark hitting fouryear highs and creeping closer. Gold is highest level in over a week groupon tanking on earnings miss chipotle on pace for the best day in years, they named a new ceo and netflix are rallies. Signing a deal well get more on the netflix story coming up. Welcome. Im Tyler Mathisen the markets shaking off the inflation concerns at least for this day. In fact, wall street socalled fear index falling below a key level. The vix below 20 for the First Time Since february 5th. Bob pisani is on the floor of the new york stock exchange. Explain it to me [ inaudible ]. Were having problems with his microphone so well interrupt him and maybe g