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Modest moves in the stock market. Orthis month has been big investors. In fact, it could be one of the very best for longtime. Optimism has been improving but toomy there was caution ahead of the trade talks between the u. S. And china which are set to take place later this week at the g20 summit in pan. Today the Dow Jones Industrial rose to 26,727. Nasdaq was down 26. 5. E s p was down today despite these small moves, recent rallies have sent the major indexes close to new highs. But does this months move higher have staying power . Mike santoli takes a look. Reporter this tripo a fresh record is perhaps the most confusing in terms of how it happened and what comes nexnd its come with treasury yields anchored near 30 month lows, recession fears slowing and manufacturing stalling. The rallyas been driven by defensive stock sectors such as utilitieas and gold broken st to a multiyear high. Investortiment has been quite cauti ....
And slowly, and turn down your tv or radio. Please note that city policies along with federal, state and local law, prohibit discriminatory or harassing conduct against City Employees and others during Public Meetings and will not be tolerated. Moreover, Public Comment is permitted only on matters within the jurisdiction of this meeting body. We thank you for joining us on. Thank you for before calling the next item and id like to do it later on the agenda. But i do want to have an Opening Statement to make before we go into closed session. And thats for thanking supervisor. So safai, thank you for leaving the house in order and my taking the gavel and appreciate it. Its been great working with you and hopefully i can fill your shoes. I dont know how bigger. So ....
And slowly, and turn down your tv or radio. Please note that city policies along with federal, state and local law, prohibit discriminatory or harassing conduct against City Employees and others during Public Meetings and will not be tolerated. Moreover, Public Comment is permitted only on matters within the jurisdiction of this meeting body. We thank you for joining us on. Thank you for before calling the next item and id like to do it later on the agenda. But i do want to have an Opening Statement to make before we go into closed session. And thats for thanking supervisor. So safai, thank you for leaving the house in order and my taking the gavel and appreciate it. Its been great working with you and hopefully i can fill your shoes. I dont know how bigger. So ....
U. S. Equity futures at this hour have been a bit weak in the for the morning. You know what . Just the dow futures. That might have something to do with what becky is going to tell you about. The s p is actually up a point. The nasdaq is up about four. The nasdaq had some rough sledding lately. The dow is the index down today. Down about 21 points. Crude prices coming off a loss of about 5 . Wti posting the lowest close since november. Joe, i ae lewd eluded to it. Its sitting there at one price, then a totally different price. You think it has to do with the world we live in now . Absolutely. At 11 20 p. M. , oil is trading 45. 25 and the next hour 43. 76. How does that happen . Were the world is chasing alpha, when the quantitative models see an opportunity, which they see in oil, thats where all the activity is. It wasnt an overweight trader with fat fingers . No, and not pure fundamentals. Fundamentals are deteriorating for oil. It is seeing the opportunity, lowvol world. You go ar ....
Im wilfred frost. And seema mody in for sara. Good morning, will. Good morning to you. Lets go straight to Market Action this morning. Off the back of a strong finish to a tough week last friday. We saw decent gains on friday that meant the weeks performance was respectable. Declines but the nasdaq down more than. 5 . S p and dow just down by. 75 . For the week as a whole, seven out of 11 were negative led down by financials which turned in the only performance of all of the sectors of more than 12 decline. A this morning, as you can see, were bouncing back from that decline last week. The dow pulled high just shy of 30 points. Lets look at oil prices because they turned in a resounding poll week. Up about 5 for the week as a whole. Back around 50. And adding gains as you can see, have the 50. 8, the fwries ofpri crude. Exports in japan rising 7. 5 in april from a year ago. Below the 7. 8 annual growth. Exports abroad are being dri ....