Stay updated with breaking news from Deutsche ba. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Hitting twoplus year highs. Is there more room for the name to run . One of our traders lays out the case. Im melissa lee, coming to you live from studio b at the nasdaq. On the desk tonight tim see your, courtney garcia, dan nathan, and guy adami. It was oracle and nvidia that caught our eye, both surging and highlighting strength across generations of big tech. Oracles pop after earnings last night bringing gains to 20 . Its not the only veteran in rally mode. Dell, hpe, ibm trading to alltime highs. After a twoday pause, nvidia jumping more than 7 , closing just off its record high. Meta recouping yesterdays losses. So, is this a case of in with the old,in with the new, too . Guy . I like that. Apparently so. And we play this game a lot, but you know, with the move in the bond yields, up to 4. 15, if you told me last night, whats going to happen to these stocks, theyre all going to sell off especially the reversal we saw on friday. Clear that didnt happen. However, to answer your qu ....
History. Stocks posted their fifth day of gains despite points toward a pick up of inflation. Stocks soarth. Dow jones industrial average advanced 306se points to c back above 25,000. Theasdaq added 112. And s p 500 was up 32. Just as theselloff happen at break neck speed so did theco ry. Mike santelli has a look at whether the bulls are back to stay. Is a five day rally in stocks moving a bit too fast or is this a recovery from t Market Correction . Conventional wall street holds that steep pullbacks usually take weeks or more to recover after an initial bounce. Thendex is slipping back to recent lows after a retest or a base building process. The pattern could unfold in coming weeks but the chance for a quicker rebound toward the late january highs cant be miss dismissed right now. The history says the fasr the drop the quicker it can be recouped. The recent tumble was the fastest from an alltime high in 80 years. There was a ....
Need to start looking at the implications of a possible brexit. Tom we are going to touch on that. I want to say thank you to all the people who emailed in about the new wants we gave to all the data checks. It is that kind of thursday and friday. Francine it all goes back to negative rates and the limits of Monetary Policy. Lets get to the bloomberg first word news. President obama made it official. He has formally endorsed Hillary Clinton to succeed him in the white house. Nbcsinterview on tonight show, he spoke. The main role on going to be playing in this process is to remind the American People that this is a serious job. This is not reality tv. Ive seen the decisions that have to be made and the work that has to be done. President obama will campaign with Hill ....
Stocks dropped sharply. At one poi the dow jones was off 250 points. It finished down 195, at 18,143. The nasdaq fell 49. And the s p 500 was off 20. The reason for the swoon, a bloomberg report that some hedge funds cut their exposure to germanys Deutsche Bank. That sent shares of deutsche ba to an alltime low and rippled into the u. S. Financial sector. Thats because the report was reminisct of the financial crisis, when investors sold on news of counterparties pulling business with banks like lehman br and bear stearns. And that nervousness seeped then into the broader market. Bob pisani explains why. Reporte the markets were fairly quiet midday when a report from bloomberg on deutsche dropp the markets. They reported some hedge funds that cleared derivatives trades with the banks and withdrew some positions, a possible sign of concern about doing business with the bank. Its not much of a story, but it did revive long dormant me ....
At one poi the dow jones was off 250 points. It finished down 195, at 18,143. The nasdaq fell 49. And the s p 500 was off 20. The reason for the swoon, a bloomberg report that some hedge funds cut their exposure to germanys Deutsche Bank. That sent shares of deutsche ba to an alltime low and rippled into the u. S. Financial sector. Thats because the report was reminisct of the financial crisis, when investors sold on news of counterparties pulling business with banks like lehman br and bear stearns. And that nervousness seeped then into the broader market. Bob pisani explains why. Reporte the markets were fairly quiet midday when a report from bloomberg on deutsche dropp the markets. They reported some hedge funds that cleared derivatives trades with the banks and withdrew some positions, a possible sign of concern about doing business with the bank. Its not much of a story, but it did revive long dormant memories of 2008. Deutsche ....