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Happen at this point its a tax cut plan which is still positive for the economy. In terms of whether it will get done this year, people are discounting that if youre watching the markets, markets are hanging in there with some of this. The dow is indicated down by 50 points, the nasdaq down by 4 1 2, and the s p down by 5 they are all coming off record closes its been seven sessions in a row for the dow thats higher. The s p is up six out of the last seven sessions. Well see what happens slightly lower indication for the morning. Well see if that holds out. Overnight in asia, in japan, the nikkei was down by 0. 2 . Stocks were higher in china. Hang seng up by 0. 8 shanghai up by a third of a percentage point in europe, in some of the early trading we have already been watching today, you will see right now it looks like theres some modest declines the dax is down by 0. 3 . The cac in france is off by 0. 2 ftse is flat in media news, rocking the media world because it intersects with th ....
Right now. Indeed it does, everybody. Welcome to power lunch. Im tyler mathisen. Glad you could join us on a beautiful spring afternoon in the new york area. The three major averages struggling for gains this hour. As you see right there the dow down 36. The nasdaq basically gnat. Still, the dow on course for its best weekly gain of 2017. And the s p and the nasdaq both on track to close out their best week since the beginning of the year. Lets check out major movers on earnings right now. Colgate under pressure. Mixed results there. You people have to brush your teeth more. Thats the only problem. Goodyear tire up about 3 . Royal caribbean hitting new alltime highs up about 9 today. The companys ceo will join us later in this program. A lot to drill down on over the next hour, two hours basically. But we have an hour with Mario Gabelli, our guest host for this first hour of power well get his take on the stocks he likes now. He ha ....
You might want to take that had vice this year. And. Moving for speed. Go thats exact lip what shares of tesla have done. If you are worried about next years earnings. Well tell you how to protect yourself. The action begins right now. Lets get do it. The nasdaq 100 posted the longest winning strikes since 2009 t. Index hit high, thanks to earnings from amazon and alphabet, scoring on record highs. It aint over yet. Next week comes the big kahunas, facebook hitting an all time high t. Potential to spark a 40 million shift. Should you continue to buy, which is a better buy, apple or facebook . Dan, what do you say . The earnings we saw last night shouldnt lead you to believe we will have natural surprises next week t. Way investors are positioned, we know they are overweight. They are massive gainers, driving that massive outperformance. The nasdaq is up 12. 5 , versus the s p up 6 yeartodate. I hate to be so blase about it. Its move on average, 5 . Id be shocked to see it move outside ....
And nasdaq up by 12. This comes after a big up week for the markets where nasdaq was up 2. 3 across 6,000. Closed the week at 6,047. The dow was almost up by 2 . Closed very close to 21,000. Were going to continue to watch, as we get closer to the opening bell. Take a look at crude oil prices as well. Crude oil was down about 29 cents. The big story was it was below 50 for many days last week. This morning, its down another 16 cents to 49. 17. Let get you ready for the first trading week of may. The agenda chockfull of Economic Data and earning reports, the ism manufacturing and construction spending, tomorrow, april auto sales, Paychex Small Business jobs and wednesday, adp, Service Index and fed decision at 2 00 p. M. Eastern time. Thursday, q1 productivity and factory orders, friday, april jobs reports. As for e ....