Chipotle, express scripts, Texas Instruments, just a few of the names set to report earnings in just about an hour we will have our hands full at that time but lets get straight to our big story. The strength in the market today from the Big Industrial companies cat and 3m getting that boost on earnings driving the dow higher ge and ibm trading lower, bob pisani give us some more. Well, heres whats going on. Theres a very unusual divergence between the dow and the s p. Its happened a lot this year, actually 70 points or so. And the reason that is is the dow is price weighted and when you get certain big name stocks, big price stocks moving, that moves the dow. This is the really eye opener of the day. 3m now, they had good numbers and they raised their guidance for the year about 1 , which is good generally you get a little pop on that. But folks, not 7 . Look at that thats 15 you know what that means for the dow . Thats 105 points for the Dow Jones Industrial average 105 points due to
Leading the rally today, tech, discretionary, industrials. Meanwhile safe havens are biggest laggards in the market. Dom chu looking at the stocks that got us back to alltime highs. Dom. Its an impressive run, but remember were just where we were a year ago. First of all know the s p 500 since that time up about 5 the last time we saw that record high may 20th intraday 2015. Since then the utility sector, defensive ones like you talked about gaining the most in the s p. Meanwhile energy up the least in that amount of time as well. Something to watch out for as we move from record levels to new ones today. Look at points stocks individually done really well. First of all ulta salon, up 67 just since the last time we hit a record high, beauty products, personal Care Products a big part of that story. Another one, second best performing stock since then, one that we all know about, its amazon. Com. Those shares up by about 78 since the last time we saw record highs. So amazon continues th
Security chiefs held an emergency meeting why authorities couldnt prevent the attack. Congressman lee zeldin is mber of the House Foreign Affairs committee. His bill to strengthen Border Security just passed. What America Needs to do to prevent a similar attack here . Senator ted cruz holding a meeting at a Manufacturing Company in the state as we speak, and hes sitting near the top of the badger state polls. Billionaire Businessman Donald Trump rolling out a new campaign ad using the socalled establishment not so kind words against them. Senior policy adviser Steven Miller rolls out for that. Well off the lows, the Dow Jones Industrial average down 18 points, about a tenth of a percent. We are less than an hour to the closing bell. Im Ashley Webster in for liz claman, let us start the countdown. Well, as just said, the markets off slightly trying to get back to level where we started the day. The dow on track to be down for a third day in a row, longest losing streak since february, a
Flush out production in just a moment. Parking lots, it is awesome. Two stocks are hitting record highs. Dollar general betterthanexpected earnings moving up 4 and a 3rd . And shares from yesterday to buy from neutral all it took, of 1. 5 . Samsung finally takes the stage beating apple to the pump by unveiling his brandnew galaxy smart watch. It has the orange wristband, as you see. They started to display it on the big screen making calls, having wifi, all kinds of things. We are watching this very closely because they did this a full week in advance of apples expected presentation. Either one, will you be lining up for this . We break it down with the allstar panel later. Apple not sitting quietly after sending out invites to a big event next tuesday. Today the Company Announced an event in beijing on september 11 affected apple will debut the iphone 5s after its launch. Talk about shares of jc penney heating up as more hedge funds take interests. Nicole petallides on the floor of th
Investment management company Ave Maria recently released its “Rising Dividend Fund” first quarter 2023 investor letter. A copy of the same can be downloaded here.