With cigna is going to go through. When you look at stocks more a record onceee again for the dow and s p 500 as we see stocks rally on the strength of earnings news weve gotten today. Been the bigs leader of the day, largely because of microsoft and other earnings we have watched. Have been watching the s p 500 in this ongoing rebound in the wake of the u. K. Vote to leave the European League the European Union. Here you have stocks how they have done since following the vote. As we know, it has hit records frequently in the last week or so. Look at the groups on the move technology the best performing group. We see some rotation out of the defensive and into the more cyclical groups. On theft shares rising wake of the companys Earnings Reports that came in better than estimated. Its cloudbased business did well and cisco is trading at its highest in nine a half years. Facebook trading at a record. Sharesings winners surging 15 . Uniform maker of after earnings Beat Estimates and tupp
Around the globe. And that could be a game changer for your retirement savings. Bullet train. A privately run Passenger Rail system using no public dollars is manufacturing its cars in a state you might not guess. A cut above. Meet the cereal entrepreneur whos made millions by making people look good. Those stories and more tonight on nightly Business Report for friday, june 10th. Good evening and welcome. This was a week stocks got the diccens. Charles dickens that is. It was by all reckonings a tale of two markets. Monday through wednesday, great expectations. Oil moved higher, so did stocks. The s p 500 flirting with alltime highs. Thursday and friday, bleak house. Government bond yields around the globe fell to record lows in germany, japan, and the uk. The reason . Growing fears about Global Economic growth, central bank policy, and that coming vote on whether britainil stay in the european union. Money flowed out of u. S. Stocks and into treasure riz. U. S. Bond yields medical to
Around the globe. And that could be a game changer for your retirement savings. Bullet train. A privately run Passenger Rail system using no public dollars is manufacturing its cars in a state you might not guess. A cut above. Meet the cereal entrepreneur whos made millions by making people look good. Those stories and more tonight on nightly Business Report for friday, june 10th. Good evening and welcome. This was a week stocks got the diccens. Charles dickens that is. It was by all reckonings a tale of two markets. Monday through wednesday, great expectations. Oil moved higher, so did stocks. The s p 500 flirting with alltime highs. Thursday and friday, bleak house. Government bond yields around the globe fell to record lows in germany, japan, and the uk. The reason . Growing fears about Global Economic growth, central bank policy, and that coming vote on whether britainil stay in the european union. Money flowed out of u. S. Stocks and into treasure riz. U. S. Bond yields medical to
The s p 500 flirting with alltime highs. Thursday and friday, bleak house. Government bond yields around the globe fell to record lows in germany, japan, and the uk. The reason . Growing fears about Global Economic growth, central bank policy, and that coming vote on whether britainil stay in the european union. Money flowed out of u. S. Stocks and into treasure riz. U. S. Bond yields medical to multimonth lows. The Dow Jones Industrial average was off 119 points today to 17,865. Nasdaq dropped 64. The s p 500 down 19. For the week as a whole the nasdaq took the biggest hit. It fell 1 . Bob pisani has more. Reporter the stock market got smacked around by the bond market and on friday by the currency markets and uncertainty over europes future. It started in the middle of the week and yields on 10year german bonds approached zero and dropped sharply in the united states. That pressured bank stocks with many u. S. Bank stocks down 2 to 4 for the week. It was a lot worse for european name
The service portion of the on the with the release supply management. All three major averages turning lower today. At the imap. We have the industrials in bottom place today. Industrials, material discretionary. Counterbalanced to some degree by gains in health care shares. We are also watching treasuries today because we talk a lot about the volatility drop off we have seen within the stock market. Its happening some to some degree in the treasury market. 1. 78 in the tenure today. We see a convergence of centralbank policy around the globe so the move index that tracks volatility within treasuries, we have seen that fall as well. Those two things happening. Also wanted point out the movement in the u. S. Dollar. The euro is up versus the dollar for the sixth session in a row. You can see the gains it again today even though they are relatively modest. The dollar is down. What about for Commodity Prices . Julie its not helping commodities either. Todayices are lower because of the sa