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Julie hyman has been tracking. The game we saw last week in changing perceptions about the fed and its Interest Rate increases, people bringing up the expectations for the fed to raise rates in june, but losing a little bit of steam in todays session as investors await a lot of Economic Data from durable goods to new home sales. Groups on the the move, materials l strongly but besides that, some materials at 1. 2 and energy as the biggest drag, even though if you look at the individual groups, the point or the percentage moves are not that significant, not many groups moving 1 except for that material group. Individually in terms of the biggest gains on the s p 500 index point wise, we have apple rising after report from a taiwanese newspaper that iphone seven orders to suppliers are higher than people were anticipating. Theo getting that details of its bid from bayer for 122 a ....
Louis fed president. Said officials continuing to talk up a rate increase as early as june or july. A look at what it means for stocks from a top strategist. Desk head to the markets where julie hyman has the latest. The markets are lacking a clear direction today. Julie treading water is the phrase that comes to mind here. We are not seeing too much change whatsoever in the major averages right now. The s p 500 is betting unchanged on a percentage basis. The nasdaq gaining a little bit of traction as investors are following the perception about thated really emphasizing june is on the table for a rate increase. They are now awaiting a host of Economic Data coming out this week. They will have to wait for numbers on new home sales and durable goods. Take a look at the bloomberg for the groups on the move here. As you might expect, it is evenly divided between red and green on your screen at the moment. Materials gaining some tracti ....
Highs of the day. Last week, we had that changing perception of the fed perhaps being more aggressive than the market was pricing in. Official from the Philadelphia Fed speaking last night, reiterating that view. He is not a voting member. There is not much that changed today that would cause this breakout that weve seen. What is driving that upsurge . Weve seen banks trading higher in the session. Weve also Seen Technology doing quite well in todays session. If the economy is strengthening, it would be good news for these economic and sensitive groups. Ally sensitive traders overreacted to the downside of microsoft earnings report. Apple continuing its winning string recently. Just wanted to check on the stock, monsanto taking another leg up after it came out with that statement saying they will that saying that the offer was too low. It is notable that the shares are sti ....
Do we continue to see the momentum we saw in this morning . Julie we have. Thee was more velocity to momentum earlier. Stocks have been hovering at the highs of the session for most of the day with an aspect in the day. The dow up more than 200 point, the biggest oneday gain for the major averages going back to march 11. It looks like it has to do with evolving views on what the Federal Reserve is going is going to do, even though there was not news to change the perception here we have seen a riskon tonight. Look at the Interest Rate possibility using that fund futures what is the likelihood the fed will raise rates in june, 34 in july, almost 54 . Another way to look at this, blowing up this chart that is on the bottom. You can see it larger the change we have seen in expectations and the big spike up now to more than 30 the recovering view of what the fed is going to do in ....
Amanda we hear from the ceo of disney with just a week until the grand opening of the new theme park in shanghai. Around the world and check in with our team for indepth coverage. Brussels where mario draghi has been speaking this evening. Guilty yields dropping a record low. David lets begin in brussels were mario draghi has been calling on those to help the European Central bank store Economic Health to the area. Economic form with the latest. What are these reform specifically that mario draghi is asking for. Amanda i dont hear him. David im afraid we lost a matt miller. It fromwe now take brussels. Talk about the brexit vote fallout. In this case, interesting to the 10 year bond dropping to record yield. It to anna edwards now. What is driving the yield . About what islk been happening to guilty yields this morning. Theyve come up a little bit since then. Talk, was on ....