Lets begin with the markets. The march towards dow 20,000. A busy take for the markets and investors with the fed beginning its meeting, pete. People are wondering how long this thing can last. It just continues to move higher. It does, and part of the reason behind that, scott, is the fact that rotation just continues. Yes, we were into energy. Today you look at technology, and Technology Stocks are ticking up. Look at microsoft. Look at intel. Look at apple and facebook. You start to go through some of the fang names. Almost every single day theres a rotation. The thing to keep an eye on right now is volatility is still remaining low. Still right around 13 or below 13, scott. You can protect. You can be involved in the market right now, but you got to have protection on because of this huge run weve had since president elect was put into that position. You have these almost daily rotations. One day maybe energy is our f e favor. The next day is in favor. Its fairly broadbased if you
Plunging. Silver is bearing the brunt of that down almost 3 now. Silver has plunged more than 20 in just the past three months and gold is at a 4 1 2 year low getting closer to the 1,000 level. How low prices might go, is it a buying opportunity . Tie is on assignment so simon hobs is my partner from the new york stock exchange. We set a new record on the Dow Jones Industrial average earlier and we saw new high for the dow utilities. Lets look at where we are trading at the moment. Visa is the top gainer in the dow up 92 points. We have seen the Energy Sector do well and the utilities on the Broader Market both in response to the huge moves that we have had in energy and oil in particular. Joining me more on the training action is bob pisani on the floor of the nyse. S p up 0. 5 . We did have a nice move up in the middle of the day off of our lows corresponding with reports of a disruption in a saudi pipeline. We are waiting for clarification on what happened there. Brent moved up. The
And of course, the latest lightest volume of the year yesterday, and the fed may respond to dday later at the fe meeting. And today, the publisher newspaper business, the post and can he do for papers what he has done for books . And the big black and blue ibm shares falling under Credit Suisse. And michael kors up strongly after sales, but American Eagle outfitters are losing altitude after issuing a profit warning they post in a couple of weeks. Meanwhile, a stunner the world of media, Washington Post selling the Newspaper Publishing businesses including amazon to jeff bezos, and Julia Boorstin has more on that blockbuster deal. This news took everyone including editors and writer at the post by surprise. The Washington Posts Company Whose name will change saw the stock rise with caplan tech being sold and now what the billionaire icon plans to do with the newspaper. Jeff bezos stressed what a newspaper plays in a free society, and he says that the newspapers duty remain s s to reade
In other news, online travel aggregator ixigo saw its Rs 740-crore IPO subscribed 1.38 times with investors buying 6.02 crore equity shares against the offer size of 4.37 crore shares on day 1 of bidding.