Stay updated with breaking news from Penney macy. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
8 00 a. M. , low 30s. 10 00 a. M. , upper 30s. This is where we hang out for the remainder of the day. Coming up in 10 minutes, ill going to be walking you through your feelslike temperature. When you factor in the winds, how it will actually be feeling. Maybe getting some holiday decorations at the stores. Definitely want to bundle up. Send things over to alexis. Whats the latest on the roads. Good morning. We are still looking good traveling on the beltway in virginia and maryland. No trouble spots to report. We have an accident westbound king street between beauregard and 395. It is an accident with minor injuries. 22nd between savannah and southern avenue, that is still closed due to an investigation on an Early Morning shooting. Headlights heading into the beltway. No delays. Alexis, thank you. Many of you got a head start on the early deals just like stores like this around the area. And youre going back at it today. We will ....
But it couldnt hold onto the close couldnt hold onto that level, we should say. The entire market losing altitude in the final hour. Lets bring in the closing bell panel and figure out what we learned today. Joining us jon fortt, kenny from oneill securities who is just finishing up trading on the floor and hell be be shortly. Sheila over at the nasdaq. It was nasdaq 4,000 all the talk earlier today. By the close it was the hit social media was taking. Whats going on . We managed to eke out a gain at nasdaq six points away. You mentioned social media. Bigger picture its the momentum stocks today everyone was talking about. Facebook was definitely one of them. Tesla, Green Mountain coffee baidu, names down today. Exact same names that led the nasdaq higher. Everyone focused on the momentum stocks. Sheila, thanks. Dan, im curious, why is it were seeing some momentum coming out of the market today . Listen, you focus in on any one pa ....
Maybe buying s ps is not that crazy. Bobs all for it. Do you want to run the dow up to 30,000 . 100,000. 100,000 . Performance would be phenomenal, right . And wed all be rich. The japanese have the equities, reits, they bought a whole bunch of investments. Why are you such a stick in the mud . I guess im a traditionalist. Look at the wealth creation. Yeah. Ill leave it to bob to thank you. It might not work, bob. Weve got to get back to the real economy. Weve had too Many Companies report better than expected earnings, revenues that have been this much better, and give negative forward guidance. Thats got to turn. We complained of a lot of things. We havent put the earnings on the table. In the meantime, weve got low inflation and a Global Economy thats growing moderately, and Central Banks that are, back to your point, ....
were four years ago. no. today s rally where the dow rocketed 245 points, the s&p rose 2.04%, and the nasdaq vaulted 2.17% is about something different. it s about asking whether companies are better off than they were four years ago, not you. because those are the old stock prices we are now challenging with this amazing run. the stock prices of companies now versus then. are they better off? the difference between policy and profits confuses more of you than just about anything else i know. we all know people who are hurting. there is not a lot of hiring going on. five years ago we had 5% unemployment. now it s 8%. that s an election issue. i m sure a lot of people aren t better off because of the tough job market. that s not what s at stake when it comes to our stocks. we are not investing in whether you find it easy or hard to get a job. we are not investing in your ability or inability to get along. we are not investing in homes, many which are nowhere near the pri ....