As we can see the renewed theme of rotation, rotation out of technology and into financials and industrials, for example, evidence in the dow. S p 500 in the middle, up. 5 , so benefiting by the surge we have seen in stocks related to the tax cuts passed over the weekend. Another way to look at the weakness we have seen with technology in this chart, looking at the percentage of members of Different Industries with 14 day relative strength index above 70. In other words, are we seeing them overbought at these levels . Look at the s p 500 in blue, the percentage going up even as techs have been going down. Indicator forum this group relative to the broader market, that it has been weakening versus the broader market. On the subject of rotation, if you look at some of the weakest names today, they are in the top 10 performers in the s p 500 this year. Align technology, maker of the invisible line braces alternative, we have ma icron, and we also have lam, Semiconductor Makers that have d
Column. Your trading looks like this. Next story of two thirds of a percent. Dax also higher but the cac fractionally lower. Asia overnight close higher across the board with the best performer in hong kong. Hang seng index better than 1 . Shanghai in china better than 1 . Evacuations underway in california. Deadly wildfire putting in size over the weekend. Now the fifthlargest in the state history. Governor jerry brown warning the devastation could start. We are facing a new reality in the state were fires threaten peoples lives, property, neighborhood and of course billions and billions of dollars. We have to have the resources to combat the fire. More coming up as they gain any ground. A race to the finish in alabama ahead of the senate race tomorrow. Voters are prepared to head to the polls as Democrat Doug Jones makes a final push. We break down where things stand right now 24 hours ahead of debates. Closer and closer, President Trump with the work lawmakers have done in their que
To prevent these types of things. We talked about it here numerous times and going to continue moving forward in that process. Thanks, guys. Reporter anything on davos . Liz press secretary Sarah Sanders addressing the shooting that happened of course yesterday, that School Shooting where two children were killed, and another 18 were injured. This, of course, was just a horrific situation and there was a tussle and verbal discussion regarding that kentucky shooting. We are watching a whole bunch of metrics in the wake of that very newsfilled news conference. The markets trying to come back here perhaps on the news that Sarah Sanders revealed. Thats that the president will reveal his infrastructure plan this coming monday. Supposed to be a trillion dollars. The dow now up about 43. At one point, shortly after 1 18 p. M. Eastern, the dow fell 103 points after having been up 182. So enduring a 285point swing. Thats a bit of a jaw dropper there. Part of that infrastructure plan includes so
If Kayla Tausche is at the nyse to tell us whats happening on the floor. Stocks for the dow and s p are in the red right now. The dow having its nay rowest trading range today since august 18th. The nasdaq has been flirting with the flat line for the last hour. It is just slightly into positive territory. The dow, the s p and nasdaq though even with todays trade all remain out of correction territory. Lets get the trading action at the nyse. Bob pisani joins me on the floor. Michelles getting ready to go on vacation, a lot of other traders are and very happy to be a somewhat normal august day here. The s p 500, very narrow trading range. Only 13 points. Got a little droop in the middle of the day. Stan fischer speaking exclusively with Steve Leisman. Some interpret him to be a little more hawkish. I didnt hear it but the markets seemed to react that way. Down just a little bit. Very narrow trading range, 13, 14point bottom to the top. Volume is heavy but declining. Heavy for august but
A slight amount less than 1 . Yields up by one basis point. Sterling here, weaker you take retail sales, lower on the day. He wants a little risk off bid. Gold, the to look at one to watch. David its time now for the northern morning brief. Outeds claims will be 8 30 this morning eastern time. 9 30, eu leaders will meet in brussels and discussed illegal immigration and taxing digital companies. President trump will injured interview janet yellen, on whether she gets another term. If this resonates i was thinking the same thing. It would seem like, what why do want this job . [laughter] rates . Ou like low do you like deregulation . [laughter] are so your most recent speech, i heard you dont. [laughter] i think it reps up from there. What do you mean, most recent speech . Like, forget it, im out. Heading to spend for the latest, the president the government has announced they moving forward the process of this suspending the government, after the president refused to drop his claims. Jo