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will the focus shift from fx to fiscal stimulus? and the hud for the missing egyptair airplane enters its second day in they ve dismissed reports that debris from the jet have been found. it looks like we are going to get a positive start. watch the luxury stocks. the dax is up by 0.9%. in 29 minutes time looking solid here in europe. it looks like less concern around the world. this is a lot more than we are pricing in at the beginning of the work week. it doesn t seem to be affecting markets as much today. we have asian markets up overnight. their biggest back-to-back slump in a month. brent crude oil is rising as well. at 48 56.p there trading almost and parity the dollar index has been earlier.ttle bit that may be because the slight possibility of a june fed hike has been priced in over the next couple of days. the new york fed president bill dudley says the federal reserve is moving closer earlie. that may be because the slight possibility of to raising rates a ....
i m francine lacqua. let s get straight to the bloomberg first word news with nejra cehic. nejra: france s foreign minister says there is total cooperation between his country and egypt after a plane flying from paris to cairo vanished over the mediterranean. the mystery surrounding the disappearance has deepened after greek authorities dismissed reports that debris from the aircraft and been found. investigators say flight 804 made a series of terms before descending rapidly. 66 passengers and crew were on board. the pilots sent no distress signals. aircraft washe approximately 10 to 15 miles inside egyptian airspace at an altitude of 37,000 feet, executed a turn 90 degrees left, then a turn of 360 degrees to what the right, dropping from 37,000 to 15,000 feet, and then the picture we had was lost at about 10,000 feet. nejra: new york fed president bill dudley says the federal reserve is moving closer to raising interest rates. his remarks echo sentiment in minutes at ....
let s head to the markets desk. my: we are holding on to gains in the last couple hours of trading, still solidly in the green. the dow is up when 4%. .1%. the dow is up .4%. there is a broad-based rally we are talking about here today. seven of the 10 sectors are in the green. telecommunications and consumer staples flatlining here. information technology has been the biggest leader all day, up 1.1%. consumer staples have always been the laggard. let s see what is moving in terms of information technology. what we are looking at in terms of the biggest percentage gainers. this company is the company that makes the stuff that makes memory chips. jumped torter orders $3.5 billion. micron is also surging by nearly 6% here. western digital up by nearly 4% as well. let s also think you look at what s happening with consumer staples take a look at what s happening with consumer staples. sales down six quarters in a row. a weaker caret caron hurt by a weaker rot seaso ....
if not in the immediate wake of the fed minutes coming out. the nasdaq and the dow all higher. the nasdaq is the winner of the day on strong technology numbers from applied materials and a general lift and technology. if you look at the week now for the s&p 500, it is posting a gain of nearly half of 1% even though there was that rocking this in the wake of those fed minutes coming out. week,still again for the snapping a three-week losing streak for that index. in today s session, tech is the best performing sector here. information technology up nearly 1.5%. financials also doing well as well as health care. consumer staples not faring quite as well. , watchingage terms some of the best performance on the s&p 500 today, i mentioned makerd materials, the of chipmaking equipment, with a forecast ahead of estimates as orders search. endo health solutions apparently the federal trade commission is granting some kind of antitrust approval for an action, but it s not clea ....
i know we have a race some losses by it is impressive given the volatility we saw with those fed minutes. 5 i m glad you bring those up. it is which that fared the worst this week. telecoms andities, consumer staples declining by 2% or more. you can see utilities are the worst performers of the bunch. if the fed is going to start raising rates earlier, that makes them less appealing. picturear the bigger , the record high was set last may 21. onhave had the fed following february 11. belowar later we are 3.5% that all-time closing high. looked many times it like we would break that record only to be denied again. that is the story, on those hawkish minutes. here is the chart. you can see we re at the higher in of that range as the market gets set for a continuation. you see that jump up in the last few days. that is the defining story of this week. we are still very much range bound. looking at the dollar, the dollar consolidating its recent gains. it has advanced for ....