Im Brian Sullivan your money beginning this year like it ended last year with a nice pop dow, s p and nasdaq with their biggest one day gains in two weeks. Tech and nasdaq flying high. It is up more than 1 . For those of you keeping score at home, heres an interesting stat the dow has not fallen for three Straight Days in more than three months some of the individual movers, Weight Watchers shares rallying. The Company Announcing their new social media ambassador. That stock nearly tripling last year more on that story ahead and individual retailers on the move advanced auto parts and jc penney rallying. Im Michelle Carusocabrera heres what else is happening. You heard brian spotlighting brick and mortar retailers amazon says it shipped more than five billion items to prime members in 2017 and that more people signed up for the service than in any other year wall street journal reporting alibabas mobile browser is beating googles chrome in some of asias Fastest Growing markets. After a
Rishaad going to bring you up some history. Another record for the s p 500 recordht good 2017s year does not necessarily mean that 2018 is going to be a bad one. Lets bring up for two to three. Ityou have a great year, means quite often that you will get not a good year the following. Thats the synopsis we have going back to 1938 todays game, not tomorrow spain. The s p 500 on track for a 20 increase last year. It was matched 20 times in the last 80 years. Higherck market was three quarters of the time averaging 89 return here in averaging a 9 return. Haidi what is incredible is that we are not seeing a rotation. Were seeing a continuation of the tremendous tech rally. Here in asia, we are picking up on that positive energy. Not just for the s p, but also records for the nasdaq. Depressing 7000 points. Tokyo still off until thursday. Asia markets feeling this positive start to the year. Japanese investors can enjoy their holiday a little bit longer. We do have docs continuing to gain a
Neuralink last year received the US Food and Drugs Administration (FDA) approval for human trials and said in September it was looking for its first test subjects for the six-year initial trial.
The California Department of Financial Protection and Innovation released its report on the events that led to the March 10 failure of Silicon Valley Bank but the remedies aren't fully clear.
The moves to tighten rules on midsize institutions come as the Biden administration searches for tools to further calm the banking crisis and prevent another failure.