Theres the dow. Its a gain of 242 points. 3208 for the s p nearly onehalf of 1 . Nasdaq there at 9840 liz young, i want to go to you first. For somebody who has been uneasy over the run of this thing, what do you say now i remember our conversations about too far, too fast and now here we are. What to you do this is one of those weeks. Last week was one of those weeks that makes you really be humble as a Market Participant. The narratives have shifted. Now its shifted to participate in the restart what were seeing here, first shs i want to mention that im an investor, not a trader. Im trying to make money over the mid to long term here. Not necessarily on a weekly basis. The technicals of this market would tell you to protect yourself because theres so many stocks trading above their 50day moving average. It feels frothy. If you look at long term fundamentals both economic fundamentals and corporate fundamentals, it still says theres room here and you should buy as a long term i vestnv
Drop coming up on todays show, were taking a look at how a number of Different Industries are getting back to work in america. Well talk hotels and travel with the ceo of best western plus, walter rob, the former coceo of whole foods will weigh in on grocery trends and well talk about the state of the consumer lets kick things off with a Broader Market a choppy day to kick off the trading week pretty positive. Right near the session highs as we stand on track for a record close for the nasdaq composite actually kind of a quiet levitation out there the average stock not doing much of anything. Volumes are low. But v but the Growth Stocks are powering higher. You see a one year of the s p 500. Its about a couple weeks ago that the enthusiasm for that reopening really seemed to crest for a little while since then, the old Growth Stocks, if you look at the top of the dow right now, its nike, apple, walmart, visa, microsoft. These are the days when the observation that Great Companies remai
Protests and the fallout from joer george floi, but the market and stocks are focused on Economic Activity, period we just keep getting good news its good news off very lowered expectations whether it be cheesecake getting a lot more people than they thought or the airlines this morning. American saying good things. Whether it be ebay pronouncing right now things are better than expected whether you talk a look at a lot of the companies that, you know, morgan stanley, gm, of course this quarter was the weakest, but maybe next quarter will be the strongest. We have a number of Oil Recommendations saying they have come all the way back. So the street is really bullish. After being very bearish you see a lot of price targets that were cut severely are now going back up. Its a kind of dont fight the trend where the most overbought we have been since 2009, but if you go back to 2009, we were up 11 on the s p. We had great period after. People are fighting the tape if theyre selling. How abo
Dismal jobs reports. Unemployment to soar to 20 . They broke the streak this as things actually calm down on the protest front. Walk us through the ups and downs. It was a volatile day. As to the move down breaking that fourday winning streak for nasdaq. Nd florida coronavirus numbers came out and higher than the sevenday average and the s p never recovering. Teches have it worse. Nasdaq 100 yesterday had flirted with a recordclosing high. Today, nasdaq had been above that level but not able to close so close. Stay at home weakness and the bioteches and seeing that rotation in the cyclicals. The big question is because these stocks are weighting for the averages, is there more pain especially after a big runup and stocks shouldnt be so high . Overextended conditions, quite frankly. Emily there is uncertainty and there are results withdrawing and slack is a company that we considered a pandemic winner because so many people are slacking as they work from home. And going public and spiki
Jobs falling by almost 3 million but much less than what economists were expecting. Coming up on todays show, as more companies address the rising tensions in america, well seek with ursula burns, the first black ceo of a fortune 500 company, about how Business Leaders can work for real equality and change. Well Talk Solutions with her. Plus the ceo of etsy will join us to talk about what his company is doing to address societal issues and how the coronavirus has changed his business the big stories we are watching in this final hour of trading, as we look at session highs, mike santoli tracking the market rally. Leslie covering boeing and more on the vaccine front. Mike, start us off with another day and another big rally. A big one this was a day it seems you had a lot more people who decided they had to quit fighting the rally. An acceleration to the upside. Take a look at a oneyear chart of the s p 500 weve been talking about this in here, 3,130 the number. Weve been pointing out t