Stay updated with breaking news from Ahn julie. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Pace for their best day in the month of november. And as mentioned, this represents a rebound. The averages were down two days in a row. S p 500 down last week for the first time in nine weeks. We see some buy the dip action. This is on pace for its best week since about seven weeks. Strong action. And in fact, we have a bloomberg terminal, although i do not see it, it was showing the fact this is really stands out, the russell 2000 was generally weaker. Here it is. Lastue, the russell 2000s record high in october, taking a slide. Investors were worried about tax reform. At 15,a white, the vix, then at 16, suggesting it could rise more. Despite the strength from today, russell 2000 could be looking at more volatility ahead. Time will tell whether the dip buying will prove true. And the minor pullback for major averages. Taken a look at top stocks for the s p 500, we are looking at walmart and apple. Walmart up more than 8 , beating estimates in a big way. 54 is how much the online sale ....
The s p 500 is on pace for its best year since 2013 so investors seem to be on the sidelines. Where we have a bigger move is the bloomberg commodity index. The longest such winning streak since 2005. Natural gas up nearly 7 on the day. Of 2016,since october the frigid weather here in the northeast one of the drivers plus tight inventories for natural gas. Copper also higher for a 16th day in a row. Behind that, Strong Demand out of china, this helping some of the related stocks. Some real strength here for the bloomberg commodity index. Where we are seeing less strength, bitcoin. A very volatile ride, recently. The 7. 5 , taking some of related stock in companies down with it. And companies down with it. Time will tell but if we take a look at the technicals on bitcoin and hop into the bloomberg, this is a sixmonth chart and we have bitcoin, an extraordinary ride higher despite recent volatility. See in the recent volatility, the c ....
Pouring in. Abigail the bulls are out today. We are looking at yet another record high, the dow on pace for a record closing high. Excuse, the s p 500 me, the s p 500 higher but not as much as the dow. Is talkingwhat shery about, they think it is about earnings from a macro perspective. Investors are looking for 1. 7 investment growth yearoveryear. Lus, tax reform hope the one risk to the rally we are seeing this year as if something does not get done by the end of the year. One sector certainly helping today, the financials. Take a look at the s p 500 banks index, up 1. 5 . It is generally acknowledged that these Companies Put up strong thirdquarter earnings. Today we have a rally in yields, the 10 year yield up about four basis points. That tells us haven bonds are selling off. On the year, it is pretty interesting what is happening with the 10 year yield. We see the 10 year yield is out of a range that it had been stuck in below ....
Today, abigail. At a bullish reversal. Stocks have been lower, not in a big way, modest to small declines, but now we are looking at small games for the major averages following last weeks decline for the dow and s p, the first time we saw that happen in nine weeks. Perhaps a trend shift as tax reform hope is perhaps stalling. You look at the smallcap index, down 2. 5 from its high. Dad transports down 6 from its high. There is the possibility that stocks are preparing for a pullback. Had a selloff, not just in junk bonds, but in bitcoin. This is a oneyour chart. Very unreliable when it goes below the 50day moving average. When that has happened the last two times, down to the 100day moving average, that would represent another 25 decline. If it were to go down to the 200day moving average, that is longterm buyer stepping in. That would represent a 50 decline from current levels. These have been pretty reliable from the past, so keep an eye on that 50day moving average. If it goes belo ....
But at the highs of the session. , coming off the lows when the picture was looking a little bit worse. The picture improving. What is behind some of this, a low speculation, perhaps worries about tax reform and the Producer Price index come in hotter. Maybe worry the fed will raise rates a little bit faster than expected. There is also a cross asset picture happening, especially with oil. This is what started the declines. Iea cut its forecast demand for 2018, citing the 201 price gains and a milder normal7 milder than normal winter would temper demand growth. Thees below 57 and 56 to 55. 5 dollar mark on oil. That is translating to dragging down some energy stocks. Goldman downgraded the oil services and equipment to neutral from negative. Citing caution on their offshore drilling. You are seeing those go lower. Baker hughes is having a ge affect with the ge board may conclude they may need to divest investment, but it could tak ....