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Latest. How are stocks looking . Off ofstocks have come their highs little bit and we see volume slowing down a little bit. Nonetheless, still seeing a strong today rally. If you look at the groups that are moving, that has been pretty consistent today. Energy shares have in in this top spot consistently throughout the course of this session. Materials follow them and utilities are the laggard as we have higher yields which tend to be inversely correlated with utility shares. Commodities, Oil Prices Pushing Higher after we got the weekly inventory report showing a continuing drop in production and a drop in inventories that was larger than estimated. We see more risk on going on in the markets and a selloff in gold for the Third Straight day. The u. S. Dollar taking a pause after the recent rally we have seen in the greenback. Losing a little steam in todays sessio ....
The u. S. Trading day. Julie hyman has been tracking the moves. We touched a record high for the nasdaq today you are now lower. The nasdaq down about three points at the moment. You have seen of seen a move of less than 1 . Market cut its forecast driving down some of the other grocers. Some notable movers, Western Digital. Raised its forecast. Says its product mix is it improving after its acquisition of sandisk. Making news with a blockbuster discovery in the texas shale formation that holds an of to supply every refinery on the u. S. Gulf coast are a year. The company is reallocating resources to get that oil out of the ground. Another one of those up movers. Today we are looking at chipotle. Pershing Square Capital is taking a 9. 9 stake saying they are going to push for changes. Unclear what those changes will be. Some folks are skeptical about his chances of success. ....
Lowest level since august. Road map begins with deutsche, shares plunging this morning on news that the department of justice is demanding 14 billion to settle some claims. Were going to take the pulse of the banking industry. The new iphone hit stores today. The lines arent what they used to be, but does it matter . Apple shares up 12 so far this week. And the nfl made its twitter debut last night to some mixed reviews. How it worked and what it means for the future of the company and live streaming. But first up, Deutsche Bank down sharply in the premarket. The doj demanding the bank pay 14 billion to settle Mortgage Securities probes related to the financial crisis. The banks head of communication spoke to cnbc europe this morning. Take a listen. We know that this is a number, its a very high number. This was the case with other banks, with our peers in the united stat ....
And welcome to power lunch. Im melissa lee. Were winding down what has been a very volatile week with losses across the board. The dow and s p 500 scratching out tiny gains on the week. For todays session, though, dow and s p down by half a percent. The nasdaq is a standout for the week, up 2 on pace for its best week in more than two months. Thats mainly thanks to apples 11 rally so far this week, pulling back a little bit down 1 right now. Were also tracking oil down about 2 at this hour. It is at a fiveweek low. Welcome, everybody. Im tyler mathisen. Here what else is happening. Iphone 7 hits the shelf. It is flying off of them. Ceo tim cook greeting elated customers, reports that some apple fans in hong kong have been buying the phones and then selling them for twice the price. Exxons accounting under investigation by new yorks attorney general. The wall street journal says the probe focuses on why exxon is the only oil firm not to write down the value of assets amid a price plunge ....
Donald trump calling for an investigation into chinas import taxes just moments ago on cnbc. Also, Bernie Sanders saying hes proud Goldman Sachs thinks hes dangerous for wall street. And what jack dorsey says about investors lack of confidence in squares stock right now and why hes not worried about the short sellers. But well start with the markets. We mentioned draghi expanding their qe program to 80 billion euros a month, consulting the refi rate, cutting the marginal lending rate, the deposit rate, adding, jim that risks to growth remain on the down side and trimming their gdp forecast. What can i say, hes got the Bank Stocks Going i mean, if they wanted to, they could issue equity. We all know that worked here. The liquidity hes throwing at this is amazing. This guy, sum total, dollar going higher. So, i know ever ....