Stay updated with breaking news from Gerry smith. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
julie hyman have the latest at the desk. julie: we are seeing a treading the major averages. the dow is slightly lower. the s&p and nasdaq or slightly higher. this is really a repeat of the same playbook we have seen more or less in the last month since the beginning of earnings season this isas stocks move sideways. this even after we got the news today that the bank of england was cutting rates by 25 basis points and injecting more stimulus into the u.k. economy through quantitative easing. you did see more reaction in the bond market to that news. if you look at the 10-year, you see a declining yield. 1.51%. only down for basis points. if you look at the pound itself, there you definitely saw more movement, a very germanic move lower, and a very dramatic move lower. getting back to u.s. stocks, there is strong on the individual stock level. we got a lot of earnings. cf industries down after the fertilizer maker came out with earnings that miss estimates. pricing di ....
how we get there and the speed and trajectory, that is where the confusion is now. officials are talking about the possibility of a rate hike. richard clarida will be here to help us break it all down. after a dramatic week, the dollar index is still slightly higher but a three-week low. own, and nomc job one knows what they are talking about, futures negative the dax is down 6/10 of 1%. the ftse 100 down one third of 1%. the bloomberg dollar index up about one half of 1%. you are seeing this more acutely against the commodity commodities currencies. far, week for crude so potentially on wti the biggest and smart as we reenter a bull market. on the back of dollar strength, some crude weakness, the dollar index down by 6/10 of 1%. yields creeping higher on the belly of the curve of treasuries , up 2/10 of 1%. a lot to discuss so far this week, a big conversation over the fomc pivoting forward to the speech that friday. alix: who is going to want to take big positions a ....
set for the first weekly declines as well in several the first down week in three. for the nasdaq, the first down eight. the defensive groups doing the worst today. take a look at the imap for the map of the groups on the move. utilities and telecoms the worst performing groups. like telecoms and utilities are down because bond yields are up. we tend to see an inverse relationship there. but the 10 year end to your yields up by five basis points today. this is a reversal of what we ve seen this week. two-year yields up by five basis points today. the market is not accurately estimating the number of interest rate increases this year. seeing a bump up in yields following that. vonnie: what are the individual movers catching your attention? julie: comcast come as we are looking at the ratings from the olympics committee are not so great here. comcast down 1.4%. the owner of nbc, showing the olympics. we are also looking at emerson electric today, buying a valid anves an ....
your screen. information technologies leading the gains but health care and consumer discretionary our neck at that. financials have been strong throughout the day. we should mention, this is on lower volume, of course, being a holiday week. volumes are 40 percent below the 100 day moving average. technology is the best performing group today, individual stocks lending the most to the gains include apple, which is bouncing back after what has been a week month for the company. amazon has gotten a lot of positive analyst commentary. microsoft gaining 1.5%. david: we tend to see some rotation at the end of the year with the worst performers. is that happening today? a little bit, and that tends to happen. netflix and amazon doing well today. chesapeake energy, consol energy, southwestern are the three worst performers. not surprising here, energy, the worst performing group, down 20% year to date. as for those three stocks, we re seeing a bounce back along with underlying ....
Chris Murphy's comments about Biden administration's newest border policy revealed a rare split between the Democratic president and the Connecticut lawmaker. ....