28 points. s&p 500 sort of flat tech outperforms the nasdaq up .25% and, you know, the start of the session, reversal of yesterday where we were worsening and now improved. better services numbers at the 10:00 hour and new home sales were better but revisions for the month of november, that s out there as well as the new chinese growth forecast. yeah. services number a tick up in yields and that hasn t dragged stocks down too much. retail is on pace for its best day of the year kour courtney reagan has a look at the biggest movers. kohl s and target shares up target s full-year earnings forecast in a range above the consensus. store traffic was up 4.5%. stores ultimately contributing 2.9% digital sales, though, for target up 31% in the quarter, con trintded 2.4% to comp sales. now you might remember in august that target said on cnbc that the u.s. consumer among the strongest he s ever seen six months later he still thinks the u.s. consumer is healthy but with an as
nasdaq has a 1.6% pop. best three day period it is a huge day today we have a big two hours for you. we do not say that likely. apple s earnings are on deck coming out after the bell joining us with a preview of what you need to watch for the world s biggest company. we have the latest comments from the president on trade with china. then there s the deal book conference during this show we ll hear from seven of snap chat and peter teal it s all coming up right here on the closing bell we ll take you there as soon as we hear from the big names josh, over to you. what do we expect? here is what we are going to watch for. earnings per share of $2.78 on revenue of $61.6 billion it would represent jumps of 34% and 17%. in terms of big themes investors will watch out for one certainly will be the kind of demand trends we are seeing it is for the 10s and 10sm xss max. q 1 tells us is confidence apple has in the phones. it s not just hardware there is momentum too. the street
the adp employment report in july ahead of the jobs numbers on friday and at 8:30, the treasury refund announcement. they are refunding the treasury. they are going to be trying to limiting the effect of the fed reducing its balance sheet. also what 8:30 this morning eastern time, alix steel will interview goldman sachs ceo lloyd blankfein. lester s speaks at a business conference, and john williams speaks in las vegas on monetary policy. late yesterday we got news of apple earnings for its third quarter and the tech giant beat estimates on earnings per share, robust growth and strong projections on revenue for the rest of the year. here to take us through the numbers is angelo zino. he has a $170 target of the price and is joining us from adam sitslittle as area, bloomberg s tech reporter. give us the numbers that are most important to you. adam: the biggest thing is now about looking forward. there have been some concerns about the next iphone that adam apple will be prod
close of trade. julie hyman is standing by. the story this afternoon all about oil as we see it returns we bear market. julie: we have been talking about oil falling below $40 a barrel at some point today. this is on the outlook for the to not be abating at a fast enough pace to justify the price of oil. we are seeing a pullback to just over $40 a barrel at the moment. we saw a big increase in net shorts in terms of oil. we saw a big surge, the biggest on record on a weekly basis. look at oil since its highs in june. you see this bear market we have entered. a pullback of 22% as we were talking about half an hour ago. now trading below the 200-day average. as it has worsened over the day, we have seen stocks worsen as well. the nasdaq the lone gain of the three major averages. energy is a big part of the story today. that is the biggest drag on the s&p 500. you can see some of the big percentage declines we are seeing. many accelerating over the course of the day. they are al
a different industry groups to market the ones that are notable are health care and technology. , 3.3%nergy is something were really driving the s&p down. oliver: the market has been so tightly traded that we have this long-term range where we have been bound and now you have the short-term range but oil was the story today because this is 2 markets, stocks and oil, that for a while they have been moving independently of one another. stocks are touching new highs and oil in the bear market has been falling the past couple months. when you see the s&p struggle to stay in the green, it starts to call into question a little bit stresspost-traumatic from a market participants were oil drags the market down so fast. that is very interesting. more specifically when you were looking at the sectors, oil is the big loser there. interesting to see that tech was flat. it vacillated through the j. through the day. momentum.ifts in to see that sector continued to push into positive terr