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Frankly. It didnt feel like enough week per stocks, not with the flair ups but it was. After todays strong rally, all three of the broad market barometers, the dow, s p 500 finished the week in the black and for the dow and s p today was the best performance in five months. The dow closing near the highs of the session up 185 points, nasdaq higher by 36 and the s p 500 rallied 22. For the week, each of the big three were up at least a third of 1 . Investors gobbled up stocks unworried about a broken seize fire in the israel gaza conflict and u. S. Air strikes against muslim extremists in iraq but the real catalyst for todays really were reports out of russia that tensions may be easing between it and ukraine. Here is michelle cabrera. Reporter the market rallied in the early afternoon when a Russian News Agency reported russia was ending the military war games on the boarder of ukraine. It caused a relief rally because throug ....
Same. Were pretty much at session highs. At the high today, the dow was up 90 points. So, again, we are at 85. Yesterday we saw some buy orders on the close, so well keep a close eye on it here, and on apple, tyler, in particular. Yeah, it could close at 100 or so for the First Time Since splitting 7 for 1, and that means apple would be back at 700 on a presplit basis. Say that five times fast. Well monitor how apple finishes during this final hour of trading. And could we see dow 18,000 this year . Professor Jeremy Siegel thinks so. Hes here exclusively, with no surprise, a pretty bullish market call for this year, and for perhaps beyond. Well get into the details with him and talk about valuation as well, coming up. And how about that new deal from sprint . Did you hear about it . 20 gigs a month of data for 100, but there is one catch, youve got to be a new customer. So, ....
Happening. Stocks are moving higher at this hour. It feels like investors are shaking off fears about the debt standoff between europe and greece, but folks, the action is really in oil. Prices plunging again after the International Energy agency warned of more selloffs in the near term. We begin with fears in the bond market. Were talking about, yep, puerto rico, and its debt crisis sending its bonds to record lows. Why does it matter to investors here . Many hedge funds and big Bond Investors have exposure to puerto rico. Kate kelly has more on the fallout. Big legal news the last few days on puerto rico which has been struggling with over 70 billion in debt as well as highend employment and other Economic Issues for some time now. On friday a federal judge blocked the islands efforts to restructure certain debt ....
Averages. Housing stocks surged last month and earnings went through the roof at home depot making it the best performing stock in the dow today. Well have more in just a moment. Encouraging news about inflation. Consumer prices rose 1 10th of 1 in july, this is the slowest gain since february. A sharp drop in gasoline prices offset a rise in food costs keeping inflation in check. By the closing bell, the dow was up 80 points, the nasdaq rose 19 and s p added nearly ten points and is just a half a percent high of the alltime record close. More now on the rebound in new Home Construction last month. It shot up nearly 16 , the most new Home Building since last november. With construction of Single Family homes and multi family units both up sharply, now, even though housing stocks surged in july, all housing data are not ....
Averages. Housing stocks surged last month and earnings went through the roof at home depot making it the best performing stock in the dow today. Well have more in just a moment. Encouraging news about inflation. Consumer prices rose 1 10th of 1 in july, this is the slowest gain since february. A sharp drop in gasoline prices offset a rise in food costs keeping inflation in check. By the closing bell, the dow was up 80 points, the nasdaq rose 19 and s p added nearly ten points and is just a half a percent high of the alltime record close. More now on the rebound in new Home Construction last month. It shot up nearly 16 , the most new Home Building since last november. With construction of Single Family homes and multi family units both up sharply, now, even though housing stocks surged in july, all housing data are not ....