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Welcome to surveillance. Off to a firmly risk off footing and then remain so. Additional wobble coming through after news china is slapping sanctions on Lockheed Martin. Barely Holding Onto Gains here. Up by one whisker but the losses are heavy into deep in europe and asia. Looking at key earnings including the banks but also delta reporting numbers in a few hours. Eurodollar up, this is the story of Dollar Strength. You have treasuries play big after the open on monday. When california reintroduced some restrictions to stem the virus. 1. 2 . En brent crude down looking ahead to that Monitoring Committee meeting and the expectation is theres going to be some additional action. Lets get to the bloomberg first word news and get you the round up there round ....
Restrictions in new york city is boosting education about masks and social distancing. U. S. And china ramping up tensions. Washington rejects beijings claims to the South China Sea and top senators are facing mainland sanctions. Shery lets get you started with a quick check of how the markets are trading. U. S. Futures opening higher, gaining one quarter percent after stocks fell in the regular session. Sharply higher throughout most of the day and then we saw a bearish reversal in the afternoon. Marcus dealt a double whammy with data showing that virus cases surged in california, as they that makes up 15 of u. S. Gdp. Not to mention escalating tensions between the u. S. And china. The u. S. Denounced chinas claims to the South China Sea. The s p 500 at one point hit the highest level since march before falling in the afternoon. Led by tech and communication stocks. The na ....
S p is now down 2. 25 the nasdaq is off by 40 points that happened after news that we heard from beijing that well tell you about in a moment Interest Rates are a huge part of the market story. Yesterday we saw the inversion of the twoyear and the tenyear yield. So shortterm bonds are paying more than longterm bonds. Historically this is considered a recession warning sign check this out the 30year bond this morning is now yielding below 2 . This is the first time in history weve seen the 30year below 2 1. 99 . Tenyear is yielding 1. 557 . The twoyear is yielding 1. 54 lets look at what happened in markets overnight in asia. Things got a slower start there. The nikkei was down out of the gate it ended down by 1. 2 . In china, stocks are stronger. Shanghai is up by a quarter percent. The hang seng up by three quarters of a percent. In europe, there is active trading taking place, you are seeing some red arrows across the board. The ....
Street. And today was like many others this year, not spectacular, but lovely and steady. At the end of penultimate trading day of 2017, the dow had notched its 71st record close of the year and has 25,000 in its sights. Also the blue chip average is tracking to end the year with six straight weeks of gains. That would be the first time for that since 1954. Here are todays closing numbers. The dow rose 63 points to 24,837. Nasdaq added ten. And the s p 500 tacked on just about five. 2017 will be remembered as one of the better years for u. S. Stock investors in a generation. Not as good as, say, 95 or 97. Still, 20 or more is nothing to scoff at. But next comes january. And many market pros wonder whether that will the month that some investors book profits, sending the major indexes lower. Landon dowdy takes a look. Reporter as we close out the final two trading days of the year, the dow was higher by 25 year to date. Nasdaq, 29 . The s p at nearly 20 year to date. Will that trend con ....
Deidre markets closed up after a fiveday losing streak. Twitter, moving postmarket. Lori rothman, with me now, she has more from the new york stock exchange, lori . Twitter is headline, deirdre. Revenue grew 61 on solid ad sales. Get this 80 of those users are using twitter on their mobile devices. 6 rise in cost per ad engagement. That is great sign for twitter that their ad strategy is getting traction. You see twitter shares off the postsession highs. Positive reaction to Second Quarter numbers especially going back to the First Quarter, which was not only surprise since they came out at 3 00 during the trading day in the First Quarter but a disappointment too. Lets step back to look at broader market. Our session, finally stocks snapping a fivesession losing streak with the dow closing up 189 points to 17,630. Still ne ....