Over a year. The s p closing at a 3 1 2 month high. Thats, by the way, just three points away from ending the day at a fiveyear high that came in at 1462. U. S. Equity futures this morning are indicated slightly lower. Slightly because of the Massive Gains that we saw yesterday. You might have expected to see a bigger pullback. The s p is off by just over three points. So the nasdaq futures are down about five. In europe, the markets there are coming off some of their gains, as well. The ftse is off by just ov over. 1 . In germany, the dax is down by about. 3 . In asia overnight, markets in japan and china remain closed. They will reopen tomorrow. The other major asian indexes, as you can see, are slightly higher. The one that really stands out there, though, is the korean kospi. That up by 4. 7 . So a major gain in the korean market. Among the headlines that have been driving action there, growth in China Services sector accelerating in december at a fastest pace in four months. Two o
We have a number of stocks to watch this morning. All names that reported after the opening bell. Amazon posted a quarterly loss nearly double wall streets consensus. The results were hurt as the Company Continues a rapid pace of investment. Amazons cfo says the company is spending more than 100 million on original video content in the third quarter. Were going to be talking to an amazon analyst coming. Up lets say that again. Amazon analyst coming up in the next half hour. Visa posted betterthanexpected earnings and revenue. Thats mostly because of growth and cross border transactions than been slowing amid a stronger dollar. And starbucks earnings amid the street. Stronger than expected and take a look, that stock still down by about 2. 5 . Andrew, well send it over to you and the big question is, did you get picked for jury duty yesterday . I did not get picked for jury duty yesterday. I have one more day to go. Supposedly you do two days max if you dont get picked. Im hoping its a
more unpredictable set of tea leaves out there. some of groupon s earliest backers are getting out of the company. wall street journal report ing four pre-ipo investors have sold or significantly cut their stakes in reason months. take a look at that stock at $4.77. that s assad state of affairs. miss quick, welcome back. thank you, andrew. great to be back. look at all those early investors and you figure those are the guys that made money in these new dot-com ipos. jpmorgan s board has tapped former exxonmobil ceo to chair the committee that s investigating the banks multibillion dollar loss. the committee will have the foretalk to anyone in the company. also double check the bank s previous finding. raymond won t complete his review until late fall or early winter. people say he s someone jamie dimon has gone to and asked for counselling but pointed out he s a tough cookie and not someone likely to blend the truth anywhere, he ll say exactly what he finds. the paper rep
reimburse the broker/dealers who got caught in the middle. there he was with mark zuckerberg on the day that facebook became public. we ll watch for that very carefully. this set some precedence in some way, doesn t it? it really does. it s the largest ipo that has nasdaq has seen. today we ve got a lot of unhappy investors. he s going to have lots to answer to. all right. on top of all of this, we have a major rally on wall street and in times square where you are, maria. here s something we haven t seen since april, a two-day rally win streak. positive for the year now. back in positive territory, back above the 200-day moving average after the major averages have all been hard hit essentially during the month of may. right now the dow is up 224 points and the best thing you can say about this rally is it s apparently the result of a lack of bad news today. something we ll talk about. we re at 2834 on nasdaq. a gain of 56 points, or 2% close to the highs of the session.