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Euphoria and in disappointment. And the child is creating monster swings like ive never seen before. The cramer covid19 index on the news the astrazeneca vaccine, the trial didnt produce something that would save us immediate immediately. The stock got hammered and the stocks that benefit from the pandemic surged. The dow advanced nine points and the s p gained 4 but the tech heavy nasdaq filled with cramer c covid names. Amazon went up tesla up 142 shopfy 81. Yeah, i didnt make up thats real thats real money. Or it can be in an x fund. Childish buying behavior but that doesnt mean its wrong there is a lot of money put to work every day based on coronavirus and that made the action binary and the vaccines take so long so it doesnt go by at home stock, go buy amazon like everybody else. What happened today . Consider the news about the as t as tra seven astrazeneca vaccine. Safety phase one it created a positive immune response meriting further study. These larger trials are happening n ....
Today, as well and while those big round numbers are nice and they do get attention, well talk about what they really mean. We turn to Michael Santoli for more on this historic milestone. Mike . Kelly, the more indexes make a new high when we have been rallying the better to lend credence to it. In terms of the actual round number and the 40,000 theres mental accounting involved. I do think people have a general sense of where the market is and you flip from three to four on the odometer and you notice that the markets been doing well. I dont expect this level to have any particular relevance in terms of creating a barrier that would last a long time aside from the fact that the dows up 5 in two weeks and we have had a nice sprint higher to recover those losses from the april pullback, it seems like its not necessarily something that should stand in the way of further gains or for that matter cause a flush of new money into the m ....
Talking on scott wapners half technical foul report, that the stock had come down too far too fast i like nvidia the company very much, so does andrew by the way, and when i debated him about it, i thought he made a lot of sense, the stock had indeed gone from 102 to 168 in a little more than six weeks. Yet i felt that the analysis was a bit more than a speeding ticket for nvidia. The stock had accumulated for going up, up, up we agreed to that today when scott wapners Halftime Report and it got a lot of tourists i love that. And these tourists were easily panicked, they were fellow shareholders that had to be shaken out with nvidia down from 150, down from 168, is that enough of a correction to get him started with some buys certainly at 1. 68, i think the answer is yes. But i also have to tell you, that the first buy if you missed the bottom today, may not be your only buy. The second reason for the decline, kind of thoughtful, ....
Oil, its otherwise difficult to nail down any other real interpretation for todays positive action. Where the dow roared 184 points s p climbed 1. 09 and the nasdaq fell 1. 92 , breaking a manyday streak to the down side. Ive got another explanation. Bear with me. The one i gave you last night apple. Remember, i said if apple bottoms, we bottom. Because this weeks selloff really accelerated with the decline and fall of the best of the best. Apple came back to life right on schedule after three days of selling from that huge quarter and its monster 3. 80 rally, emboldened people to buy all things tech. And with the help of an amazing quarter from gilead all things biotech, too. I dont think were out of the selling woods, because were in a conundrum here. Most of the year, investors have favored the stocks of the Companies Just doing business in u. S. That makes sense since they dont sell overseas and werent hurt by the fall of the ....
Michael Founder Michael del signaling that the board was not confident that it and michael dell and silverlake partners had convinced enough shareholders to say yes and go for them to accept a 24 billion deal. The new vote. Suppose to it take place next wednesday. David a special segment. The Senior Justice Department official. The next u. S. Labor secretary, confirmed by a vote of 56 mr. Teefor. This is the narrowest result for any of the president s second term cabinet members. Liz mortgage rates, the average 30year fixedrate mortgage dropping from a two year high last week following concerns about fed tapering and bond buying, the 30year rate. Liz we should mention rates up again today. According to the Detroit Free Press the city of detroit is in final preparations to file federal bankruptcy as early ....