Welcome, everyone, the kboel im sara eisen, here with wilfred frost. Pfizer says its covid19 vaccine candidate developed with biointech is more than 90 effective in preventing covid19 in a phase three study the cow and s p 500 hitting record highs in todays session, this after strong gains last week as well as the Election Results come into sharp focus. Seeing down sectors like airlines, cruises, banks, and energy are seeing outsized returns today on the vaccine news while the stayathome winners like zoom, peloton, and amazon are coming back to earth. Nasdaq is actually negative with this more than 1,200 point rally on the dow 59 minutes left to go on a historic day on wall street. Nasdaq hovering around the flat line. Big gains for the dow. Coming up on the show, a massive guests line ups. We will discuss the vaccine, the election, what it all means for your money with huge names nelson peltser will weigh in with his thoughts on what the market is doing as we speak. The chamber of com
Since the. C do thtcom bubble. And your rbi has a stock market stat that should make all you market bulls feel really good on a tuesday. Youll like this one it is tuesday, november 10th, and this is worldwide exchange. And i know youre all not fans, but why not . It is that kind of a day and they did it for me good morning, good afternoon and good evening from wherever in the world you may be watching. Im Brian Sullivan thank you for joining us on what could be another big market day after mondays wild vaccine fueled ride for most stocks, here is how things look to take off on a tuesday and dow futures are up nicely once again up 230 but not all wine and roses out there. Look at nasdaq futures, they are he lower once again as well. Well get to that in a few moments. The dow coming off more than 830 point gain for its best day since early june and nearly breaking back above 30,000 one area of the market left out of the big rally, big Tech Technology stalling late in the day and actually
Good tuesday morning, welcome to squawk alley. Im Carl Quintanilla with jon fortt and Julia Boorstin with us dow because up 275 this morning. We lost some of that the covid19 vaccine rotation is continuing with tech down another 2 today and the s p 500 down 26 points thats where well begin this morning. The nasdaq falls investors rotating out of tech to some degree the managing director is going to help us start off the hour. Good morning, mark good to see you. The. Hey, carl, good to see you. We know i mean, the argument has been made that world changed a little bit yesterday for the better but is the tech reaction is there bath water being thrown out too . Well, yeah. The world did change id argue a lot yesterday. And not surprising that were seeing a rotation in some of the tech names i think for the next little while here, you know, expect the expected were going to think continue to see some rotation away from the work from home names probably bate probably a bit of a short term r
Remains complicated. Domm is watching what were seeing in todays trade. What is behind the surge today its about the tweets its about the idea that we could see some form of stimulus, although not the massive one youre going to see that happen and im going to show you the charts here over the course of the past two days, and 24 hours. This is the twoday chart. We kind of started yesterday right around here. You can see as we can move into the session, we have just gotten back everything that we lost and a little bit more over the course of the last 24 hours or so so, again, this move here higher and i can tell you word actually happened and positivity returned take a look at the 24hour chart of dow futures as things have moved, remember, a steep drop yesterday going into the closing bell and we were much in negative territory throughout the overnight session until just around 10 00 p. M. Eastern time thats when President Trump started tweeting out this notion that he could put out ther
And tiffany mcgee. A were glad to have you on the Halftime Report once again as you can see, on that little bugs the bottom right of the screen look at that the bigger screen for you. The nasdaq s p and look at the nasdaq, up another 1. 2 . The s p, by the way, is on pace trying for its fifth straight positive day you might have heard this. Big tech nom has been leading the way. Hard to believe but true by the way, that sector hitting alltime highs yet again today raids also in focus, by the way, investors awaiting fed chair jay powells big speech tomorrow at the virtual jackson hole event so, joe, theres a lot to get to there anything that you see, before we get micro, on a macro basis, that leads you believe this market is getting too hot, and has to come down at some point, or can we literally go up every single day the answer to that is the market has been too hot for the better part of the last 8 to 12 weeks. The expectation for the month of august is we were coming into a calenda