you go out no, i don t. various market milestones today. the nasdaq crossing 7,000 for the first time and the dow closing in on 25k for the first time although we re well off the highs right now. tax reform hopes, and a series of deals this morning seem to be helping sentiment today. this is the first time ever, by the way, that the dow has gained 5,000 points in a single year. we began the year in president 19,000 range and now we re well into 24k. it s just crazy there s no other word for it nothing like bitcoin, though, by comparison, it seems tame. we have people who are going to tell you where to make more money in the sfarkt cotock markg up in a few minutes. is utilities are the biggest loser today. we have a debate on whether the bitcoin boom could help drive utilities higher talk about some of the power usage. that s a hot topic. recode calls him one of tv s most important executives. what espn had john skipper s resignation announced today means for that
obviously. waiting for yankees, the first pitch is in two hours. welcome to the closing bell everybody, we have exactly two hours to get through this whole show before that i m kelly evans, i m a big rally day here all right, all you folks in houston too by the way the dow on track for it s first close above 23,000 now ibm, interestingly is helping drive this nice rally today after those stronger than expected earnings that came out that you guys have last night. we will get more on that move coming up in a little bit here it s kind of astonishing to see ibm up 10% today clearly after the dell, more dow components american express is going to report along with ebay, we ll tell you what to expect as well. and so the breaking news today, microsoft and amazon are now embroiled in a new patent lawsuit. and i guarantee the plaintiff ll surprise you when you hear who it is. that s coming up but let s get straight to the one stock giving the dow it s biggest boost toda
the 17,000 mark, we should add. pressure across the other indexes as well. the s&p 500 up almost 10 points to 1,978 aramafteramaicing new this week. and remember, amazon is about 13% of the nasdaq 100. let s get more on what was wrong with visa and its responsibility for a lot of the dow s decline today. here s mary thompson with that story. mary? hey, there, bill. visa is off the lows of the session, but the payments processing giant s stock is the biggest loser among the dow 30, this after the company lowered its revenue forecast for the full year. the strong dollar and decline in cross-border payments revenue, payments made in one country and used in another, behind the lowered outlook. the cross-border business impacted by unrest in the ukraine and rising political tensions with russia. here s cfo byron pollitt on yesterday s conference call. we see no signs yet of any acceleration in economic recovery and cross-border volume growth remains soft in the midsingle dig