Jpmorgan issued upbeat results. By the close, the Dow Jones Industrial average rose 227 points to 16,379. It had been up more than 300 at one point. The nasdaq gained 88, the s p 500 reclaimed the 19 hubz level rising 31. Bob pisani now with more on todays comeback and why investors shouldnt breathe easy yet. The joke has been wall street is selling stocks to play the lottery. Now that the lottery is over, the markets rallied. First jpmorgan had a strong Earnings Report preopen. Futures did rise. Second, oil staged a sharp rally right after stocks opened. Finally and perhaps most importantly st. Louis fed president James Bullard said this morning the continuing drop in oil had caused a worrisome drop in inflation that may make further rate hikes hard to justify. Hey, that is a very big statement. Bullard is a centrist and voter on the fomc this year. Is this the bottom . I dont think so you. First were still dealing with the Biggest Issue of all just how much is the Global Economy dece
Average erased all the gains it made on wednesday. The index is lower by 3. 5 . 17,087. Investors sold shares across all sectors on a stronger yen. Overnight, benchmark Brent Crude Oil fell to below 30 a barrel for the First Time Since april 2004 on the back of a Global Supply glut and weak demand from a slowing demand in china. Lets take a look at currencies, the dollaryen pair trading well below the 118 level again. Currently at the mid 117 levels. And the greenback let go some of its gains overnight due to risk aversion. The dollar euro, that pair is 1. 08. The Federal Reserve official commented that kbloebl risks could set the course for a gradual rate hike this year. Lets look at markets across the Asia Pacific Region and see what is happening. We are seeing losses. So far this morning, australia shares down 1. 5 . Over in seoul, the cost k kospi is down 4. 5 . Theres a sharp decline in machinery orders. That means managers are spending a lot less on equipment and facilities. The
Jpmorgan issued upbeat results. By the close, the Dow Jones Industrial average rose 227 points to 16,379. It had been up more than 300 at one point. The nasdaq gained 88, the s p 500 reclaimed the 19 hubz level rising 31. Bob pisani now with more on todays comeback and why investors shouldnt breathe easy yet. The joke has been wall street is selling stocks to play the lottery. Now that the lottery is over, the markets rallied. First jpmorgan had a strong Earnings Report preopen. Futures did rise. Second, oil staged a sharp rally right after stocks opened. Finally and perhaps most importantly st. Louis fed president James Bullard said this morning the continuing drop in oil had caused a worrisome drop in inflation that may make further rate hikes hard to justify. Hey, that is a very big statement. Bullard is a centrist and voter on the fomc this year. Is this the bottom . I dont think so you. First were still dealing with the Biggest Issue of all just how much is the Global Economy dece
17,087. Investors sold shares across all sectors on a stronger yen. Overnight, benchmark Brent Crude Oil fell to below 30 a barrel for the First Time Since april 2004 on the back of a Global Supply glut and weak demand from a slowing demand in china. Lets take a look at currencies, the dollaryen pair trading well below the 118 level again. Currently at the mid 117 levels. And the greenback let go some of its gains overnight due to risk aversion. The dollar euro, that pair is 1. 08. The Federal Reserve official commented that kbloebl risks could set the course for a gradual rate hike this year. Lets look at markets across the Asia Pacific Region and see what is happening. We are seeing losses. So far this morning, australia shares down 1. 5 . Over in seoul, the cost k kospi is down 4. 5 . Theres a sharp decline in machinery orders. That means managers are spending a lot less on equipment and cilities. The officials at the Cabinet Office say the orders were worth more than 6. 6 billion i
Jpmorgan issued upbeat results. By the close, the Dow Jones Industrial average rose 227 points to 16,379. It had been up more than 300 at one point. The nasdaq gained 88, the s p 500 reclaimed the 19 hubz level rising 31. Bob pisani now with more on todays comeback and why investors shouldnt breathe easy yet. The joke has been wall street is selling stocks to play the lottery. Now that the lottery is over, the markets rallied. First jpmorgan had a strong Earnings Report preopen. Futures did rise. Second, oil staged a sharp rally right after stocks opened. Finally and perhaps most importantly st. Louis fed president James Bullard said this morning the continuing drop in oil had caused a worrisome drop in inflation that may make further rate hikes hard to justify. Hey, that is a very big statement. Bullard is a centrist and voter on the fomc this year. Is this the bottom . I dont think so you. First were still dealing with the Biggest Issue of all just how much is the Global Economy dece