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big today gain and as you say, don t fear the fed, even in the face of this perception that the fed will potentially be more aggressive. all three averages hovering near their highs of the session. been talking lately about anniversaries of record for the major averages and we are approaching the anniversary of the doubt. it was at a record last may 27 and as you can see, distill trading lower by 1.7%. but since last friday, we have embarked on a significant rally, to thate getting closer record level. what would it have to do to get to that level by friday? let s look at the last week of trading. we have seen the 360 point gain for the dow. it would have to go up by the same again to regain that record status. part of what has power to be stocks generally higher has been the financial group, which has seen this big increase here. we have seen financials move higher along with bond yields. financials still the second worst-performing group year to date, so there is a ro ....
latest. how are stocks looking? off ofstocks have come their highs little bit and we see volume slowing down a little bit. nonetheless, still seeing a strong today rally. if you look at the groups that are moving, that has been pretty consistent today. energy shares have in in this top spot consistently throughout the course of this session. materials follow them and utilities are the laggard as we have higher yields which tend to be inversely correlated with utility shares. commodities, oil prices pushing higher after we got the weekly inventory report showing a continuing drop in production and a drop in inventories that was larger than estimated. we see more risk on going on in the markets and a selloff in gold for the third straight day. the u.s. dollar taking a pause after the recent rally we have seen in the greenback. losing a little steam in today s session. some momentum indicator showing it was getting a little overbought. yields, we have a flattening yield cu ....
close of trading. julie hyman, how are stocks holding up? julie: relatively well. janet yellen is not derailing the rally, small though it was. we have pretty much made a round trip to where we were before she made her comments about interest rates potentially going up at some point this year. there had been some expectation going into her comments that she might be more dovish. basically, with that more dovish commentary, that created a market reaction. if you look at volume on the bloomberg, it is definitely down. down, in fact, more than 25%. you see various groups on the s&p 500 and the drop in volume. from harvard interviewing janet yellen made a good economy joke, saying there were investors delaying their private jets to the hamptons because they wanted to hear what she had to say. the stocks contributing to most of the gains today, google on the rise after a victory over oracle in court yesterday and a dispute over the origins of android. verizon gaining after n ....
not so good. the inspector general general s report, not good. charlie: the fbi s investigation continues. clinton said she would be willing to sit for an interview. the news also comes as bernie sanders closes in on hillary clinton s lead in california. joining us, a political reporter who focuses on clinton, and from washington, david lee myers of the times. let me begin with amy, where are we in day two of this story? amy: the clinton campaign faces a central challenge, her trust numbers. the latest new york times poll, 60 4% of registered voters said they do not trust hillary clinton, the same amount as donald trump. they are wondering, how do we overcome that? that challenge has collided with this new report that is in some ways very damning, and the most damning because it plays right into the narrative that donald trump is trying to craft of her, as not being trustworthy. charlie: steven lee myers, what do you think? steven: i think a lot of people are still di ....
begin in august. the state of michigan is paying all the water bills for flint residence this month. he ll wait toays debate the official presidential nominee and not candidate bernie sanders. the senator s campaign released a statement reiterating its interest in debating trump, saying the campaign has received two offers by tv networks. global news 24 hours a day powered by our 2400 journalists in 160 news bureau around the world. i am mark crumpton. bloomberg west is next. emily: i m emily chang and this is bloomberg west. coming up, the plot thickens around the $81 million heist be a bangladesh central bank. is the infamous group behind the sony hack behind it? plus we ll speaking to a former employee about his experiences in the facebook unit. plus are cell phones increasing our risks of cancer? some scary findings for the very first time. but first to our lead and i report from the cyber security firm that suggests a recent hack on the central bank of banglad ....