Of optimism into the market. Thats sending a huge swath of the markets to record highs, as president elect joe biden gets clearance from the Trump Administration to begin preliminary transition protocols. Yes, it crashed through the 30,000 ceiling but can the dow close there . Heres what you need to watch in the next call it 59 minutes with me. The dow has got to be up 359 points for a brand new record. But were above 30,000 and that means we are up about 437, just 29 points above 30,000. So you get to do the math there. The s p has got to be up 49 points. We are at the moment up 55. No record for the nasdaq, but it did pop above 12,000 for the very first time and we are still there, 12,026. The russell, im not going to ignore it. I know you russell fans. These are the small and midcaps. Any gain is a record. The dow transports also about to close at new alltime highs. We are watching it all so closely. But as the markets say let the good times roll, there is a darker backdrop at this
Now, boxes and boxes of ballots and the voting continues. Voters in green bay, wisconsin, they are doing their most cherished civic duty. Americans making a crucial choice all across the nation. Which candidate will do a better job over the next four years to protect the nation and strengthen the economy . President trump spending election day in the nations capital, visiting the headquarters of the Republican National committee earlier. While his democratic challenger, former Vice President joe biden, just spoke to a crowd in philadelphia moments ago, making lastminute Campaign Stops in the key battleground state of pennsylvania. Weve got team fox business coverage of all the angles for you. Special assistant to the president on what the number one priority will be for President Trump if he is victorious. While joe biden fundraiser robert wolf is here to answer the same question for the dems. Ernesto ramos manages billions of dollars and has the Market Impact of tonights decision. And
Kelly, so remember last week we were talking about how value was outperforming growth last week that lasted exactly one week today were back at the old pattern and its basically growth and technology virtually over Everything Else theres the dow flattish on the day, but s p 500 still trying to get over that 3032 hump not easy to do, but tech overplaying, the investments, the bank stocks all did very well last week theyre a little lower today amazon had an awful week, down 8 last week guess what, its regained a good part of that loss today. Alphabet, apple and facebook all on the up side the trend is were back where we were the work from home stuff tends to do very well. This happened since that june 8 high we hit, so the pelotons and zoom videos of the world doing very well. What we call the reopening stocks, the travel and leisure stocks, are not doing very well, and we saw this last week fairly consistently for a while earnings, were about 10 through earnings season. We have about 10
I want to take you live right now to the ups airport hub in atlanta, georgia, where you can see the crowds forming. At any moment, President Trump is expected to announce a new policy that he says will expedite and modernize the approval process for major Infrastructure Projects across the united states. Projects that often take years to complete, they take so long sometimes, Companies Just abandon their effort. We are going to take you straight to atlanta as soon as the president makes what could be a marketmoving remark. The bulls are still humming but they were singing at the top of their lungs earlier in the session. Dow jones industrials had spiked 428 points. Its up 129 right now. In the Early Morning move, there was very encouraging news out of moderna. Modernas experimental Covid Vaccine produced virusfighting antibodies but investors appear right now to say you know what, we still want the buy stocks but they see the rally as an opportunity maybe for a little sector rotation o
We could slay the bear today as the dow is rallying for the Third Straight day despite a shocking, shocking record high weekly jobless claims number. Take a look at the markets right now. We just went above 1,000 a couple minutes ago. The dow is about 1,006 higher. The high was 1219 points for the dow. We are watching that number. S p is up 116. Nasdaq is up 296. A gain of 4 . Again, the dow and s p could notch three Straight Days of gains today. Weve got an hour to find out. So the dow is trying to break out of that hibernation. The number to watch, 1,109. 77. Write that down. If we can close above that, we will have rallied 20 from mondays low. That means we technically exit the bear market. Our floor show panel will give us more perspective on what that means to all of you. And as the u. S. Death toll from the coronavirus tops 1,000, one tech company is working to help john hopkins and astrazeneca to find a treatment or cure. Hes here in a fox business exclusive. We have been talkin