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Search. Is it losing its safe haven status . Away from ther close of trading this monday. Lets head to markets desk were julie hyman has the latest. A bit of a sleepy day today. Julie this has been characterizing trading over the past couple of recently as we have seen stocks take a pause after a fiveweek rally. Seeing volume in the s p 500, 34 below the 20 hundred day average. Quite a drop. We already saw a couple of the lowest volume days of the year. That trend is continuing as major averages are little changed. Elsewhere, in other at its, you take a look at the treasury market. The 10year note. We have seen the yield work its way lower. We got a gdp revision higher on friday. We got data not quite as estimated and we will hear from janet yellen speaking tomorrow before the economics. We could get more direction for the market and treasuries. We are seeing the yield go lower. Oil and gold watching as well. We see buying and treasuries, the safe haven buying is not extending to gold, ....
About 18 times because earnings are slowing and thats a premium valuation that we get when earnings are moving higher and its expanding. You can go back down. You can go back down to 1850 but you have issues coming up. One of them is the dollar to be strong and everybody is going to focus on the brexit which is a june vote but the news will pick up and then of course president ial election. You tend to look at the economic numbers that were not great. Thats good because i dont think that the fed goes you dont know what to believe when it comes to the fed because what some have called a dove fest of last week and then now this week you get some of the seemingly more dovish people talking like hawks. Well and its confusing to the marketplace and its the reason that were correcting right now and its a healthy correction. I dont think its being met with much volatility in the marketplace and looking forward over the next couple of weeks the economic numbers are going to be important. Ism m ....
As apple goes, so goes most of the market. The dow was down, but the s p 500 and the nasdaq made it into the green as apple had a much better day by rallying back above 500. Some ups and downs from ebay. Earnings were in line with expectations, but the outlook fell short. And the fed said in its beige book, the economy expanded across much of the country last month, but hiring was hampered by politcial uncertainty coming from washington. Todd horwitz of the Adam Mesh Trading Group joins us on this thursday morning. Good morning to you. A lot of traders are talking 1475 in the s p 500. What is it going to take to get there . Good morning. You know, were close. Right now the markets are in a tug of war between the bears and the bulls. They are trying to get to that level. Yesterday morning we had big boxcar earnings from j. P. Morgan and goldman sachs. That was not enough to propel the markets through those levels. I think ....
He introduce you to a new dating cap for your smart phone. It uses instagram as a matchmaker. Bathtub . 45,000 for a cbs added Fourth Quarter estimates. Forecast forred their the year as sales growth slowed. Cisco systems reported sales and profit that topped analyst estimates. The company saw customers upgrade their Computer Networks to manage increased data traffic from smart phones, tablets, and laptops. Apple is in plans to have a new set top box. Timeare negotiating with warner cable and others partners. Lets go to los angeles now and bring in our senior west coast correspondent. You have been following cbs for the Share Buyback important . It is actually more of the Corporate Strategy with what we do with our money and obviously the guy who is ultimately ....