Giants tax story. Welcome to closing bell, everybody. Im kelly evans at the New York Stock Exchange. Im mike santoli in for bill griffe griffeth. The European Union says apple must pay ireland 14. 5 billion in taxes. Ireland doesnt want the money. We have got the latest developments and someone that says it threatens uncertainty of businesses in europe. Apple shares down nearly 1 on the developments. Boeing, meanwhile, deciding not to raise jetliner prices for the First Time Since the financial crisis. See fed officials shaking their heads. Well have what it means about the broader economy. Gold prices slowing down after a big rally year to date. Is the gold run over . Well debate it coming up. After the bell, sean combs will join us live here on set at New York Stock Exchange after ringing the closing bell to talk about the latest Business Ventures and the music industry. Stay tuned for that next hour. Lets start, though, with apples tax bill in europe. Jon fortt with the latest devel
We saw the rally really dig in. Were closing just about at session highs, the dow at 212 points as it is settling out. Dow and s p 500, at the highest levels, each index, the highest levels since january. This looks good, while the dance continues between oil and stocks, at least moving in direction the bulls prefer. Back to you. Melissa lori, thank you so much for that. David . David were five days away from super tuesday and clock is ticking for republican candidates to take the lead from donald trump. I think the biggest change in this campaign is going to be when the people not named donald trump, the choices begin to narrow. We start to give Republican Voters a clearer choice who they want to get behind. We have a long way to go. It is a like a baseball game. Everybody wants to call the game after the first inning. I think we have a ways to go. Hang on. If i were to get out, donald trump would win ohio and that would be end of it. If youre among 65,0 of the republicans that think
Around the highs of the session. We havent seen a lot of volatility. All major averages now up more than 2 . Trading at their highest in seven weeks. Appears tot for this have been the manufacturing data coming in better than estimated. Continuation of this rally that has been going on since february 11 when we saw the bottom of the year put in for the s p 500 and the other major averages. Look at the s p 500 over the course of the day and that your directory, it is a slow and steady upward trend as we head towards the closing bell. Something is also home something notable today is an uptick in value. Normally the rally we have seen as a low rally. Today, it is the s p 500 against the one 100day. Are seeing a, we surge in volume in utilities and energy stocks. Those are the two groups we are seeing the most active trading. Individually, the biggest contributors are big cap tech and big cap banks. These are the most heavily weighted stocks that are up the most in the s p, that contribut
Sees shares going. But first, we start with the markets. All three of the major indices hitting their highest levels since january 7th. Both the s p and dow not out of correction territory. Heres what was different about today. Bonds they sold off hard. Take a look at the beaten down bank stocks. They had a huge day. So is the rally now confirmed, guy . We talked about it on friday and january 20th, the transports bottoming out and trading really well ever since. In 2025 gets you excited then the rally is not over. Even dan who i think obviously had some bearish even dan. He had said you can see a rally at 2000 in the s p. I think 2025 is a level. I think we trade there. I dont think were going up 50 handles today we have to be honest. 1950 is a pivot point. So i think in a lot of ways we have gotten this right. I think well fail at 2025. See what happens there. Do you stick with that and do you keep your short positions on . Yeah, today was a painful day if you took you know, took the
Between himself and his closest competitors. Ted cruz, this is just breaking, landed a winner in the last hour, an illinois judge tossed the case about his citizenship and canada question that would have kept him off of the illinois ballot. Hoping texas voters to his brand of conservatism over the socalled new york values of billionaire businessman donald trump. Marco rubios campaign focusing on compiling delegates ahead of the florida primary in his state. Of Ohio Governor john kasich and dr. Ben carson seek to gain any wisp of momentum they can catch. This is Hillary Clintons popularity in the house could give her a southern sweep making her the inevitable candidate on the democrats side as Bernie Sanders looks for his second win of the campaign. Live Team Coverage with reporters stationed at the headquarters to take as inside the voting booth and the mayors of three critical supertuesday cities, dallas, little rock and when thing, mich. Telling us what they need from the next presid