The dow down by almost 1,000 points the decline of 1. 8 . S p by over 8 the nasdaq a miracle come back after a laydate rally weve been bouncing around positive territory right now, the dow down around 14 points, s p up about seven points and the nasdaq up about 70 points. We are talking about a town month for the markets, we are looked at four sessions in a row. Thats the longest losing streak looking at these numbers, you are talking about these lower numbers. Month after month i think we had april, may, june, july, august are all up. Stocks only go up not in september. In an Election Year it can take on significance. The nasdaq can move. We can see it down 400 or more points can that close higher again today . Thats a good move you could look at it midmorning and then it seems like it is not the tale at this point kind of the log. Faang, tesla and the leadership move. Apple made the rally yesterday too. Gold is supposed to go up bitcoin, supposed to go up weird. Thats where you think
Tempering expectations about the longawaited battery day. We will bring you the very latest. Any battery production will be difficult to scale. Drive tesla shares up over the last few months. Joining me now to break down the data is Abigail Doolittle in new york. Tesla was one of the ones you have been watching. Talk to us about the market rebound with tech overall. Had it earlier on, we higher, lower carmarthen higher, lower, fluctuating on high swings. What we saw at the end of yesterday, apple closed by 3 , it continued into today. The big tech names showed up once again after the selloff we saw this month. A lot of this seems to become a call selling seems to be technical selling. Correct by easily 20 , but it would be completely healthy. The chart supported that view. Correctiony had a on whether the pressure is to be seen. Lots of impressive stuff going on. That led the nasdaq 100 to the glenn 1. 9 on the day. It was not just apple. Declined 1. 9 on the day. It was not just apple
Record close and we know why. I have to tell you this was just a parade of both American Ingenuity and strength there was a time when i was listening to brian i shouldnt just limit it to amazon every Conference Call last night with the exception of google was incredible the power of these companies is extraordinary and i dont think that we can actually brian ol staff ski when he talks he is the cfo of amazon, when he talks about the idea that basically we didnt know we were going to make billions of dollars more than we did. Not tens of millions, not hundreds of millions, but builds what a juggernaut. Most impressive of last night. David, i have a lot of good things to say about the others and good things to say about google, but amazon thankly is a company that basically has no idea how much money it can make. Ive never seen a company like this theres never been a company like this. Well, and the market agrees with you and investors have for a long time, jim, but they have delivered o
3,200. Tesla, watch this. Founder elon musk now worth about 70 billion. Richer than Warren Buffett. Another surge for that stock right now premarket, up another 100 a share, 6 . Wow. Apple getting closer to a 2 trillion valuation. Right now its up nearly five bucks at 388. Now, thats the big techs. We have a lot more quotes coming your way. Suffice it to say, big tech is having another terrific day. How about disney . A partial reopening despite a surge in new virus cases in florida. Masks, temperature checks, no lines. This was an important symbolic move to reopen disney world. Investors like it. Disney is back to 121. Talking about investors here, they like the good news on vaccines. Pfizer and biontech, they have been given fast track approval for two of their vaccine candidates. Stocks got a new shot in the arm when that news broke earlier this morning. Both stocks on the upside. What have we got for you . Later in the show, larry kudlow, he will have more on the next stimulus plan
Actions taken on pandemic and how money is being spent today. Getting america back to work today, larry kudlow will join me today at 8 30 a. M. Eastern live on the reopening of American Economy and rebound hes expecting and what if any additional stimulus is needed. We will also get into china. Turn into markets this morning. Futures are turning direction this morning. We are expecting weak opening this morning for stock prices, s p futures down 10 and nasdaq futures lower by 12 this after positive news from moderna on vaccine trial help fuel strong rally for stocks. Dow industrials up 911 points yesterday almost 4 . The nasdaq was up 220 points and s p was up 90 all the major indices up 2 and a half and 3 and a half percent. A closer look at the Pandemic Impact on retail this morning, this morning we will get walmart, hem depo who remained open reporting earnings. More stores and malls are reopening even in the face of bankruptcy elsewhere. Who would be held responsible . Attorney gen