biden. last ditch support efforts for both candidates moving at breakneck speeds. and digital gold. cryptocurrency on demand with rising prices for bitcoin. you can crypto a lot of things, but don t call it currency yet. rising aftertocks resuscitated hopes for a spending package. the nasdaq had a modest game game. abigail doolittle is in new york. abigail: another choppy day. we have not had one day this week when we have not had stocks up and down throughout the day. there has not been when they were that has been the case. we have seen a lot of intraday whipsaw. investors are pretty nervous. some uncertainty. the s&p 500 is up after spending most of the day down. up about 0.3%. two down sectors energy and tech. not surprisingly, tech being weighed on by intel. the stock one of the only indexes on the date of fall. day to fall. data center sales missing down 10% year over year. the guidance tepid as well. at the end of the day, it was a choppy week. investors dealing wi
dollar lower and bonds higher. that is pushing yields down. all of this before the fomc announcement at 2:00 p.m. fed policymakers are expected to reinforce the policy shift they re-articulated last month. and athan longer rates target of inflation slightly above 2% in perseus in pursuit of broader employment. any news out of the meeting will be nuanced in communicating how they plan to implement the strategy. will they spout conditions that will justify continued lower rates? will they quantify quantitative easing? the original rationale for buying assets was to bring the market back to smooth functioning. now it is probably to support the recovery. is not clearit that matters because people want to know the fed has their back. id: i had fought the fed i d thought the fed kind of said that last time, we have your back. what more could they say this way? the rumor there will be further enforcement of monetary policy, or is it the fact? nerds will be looking for specific pa
longer than what was initially anticipated. a long slog. you see stocks down 1.3%. the small caps doing so well up six days in a row, now down 3.2%. crude oil is higher. a little bit of a relief rally from the brutal selling we had an oil for two weeks. confirming the risk off tone, a rally for bonds. investors taking chips off the table and moving to the sidelines, at least today. david: a mildly risk off tone. despite the abysmal economic numbers, we are down 9%. are we still higher than we have a right to be? abigail: there is reason to think the markets may go higher. if we look at the rsi on the s&p 500, it is nowhere near overbought. from what you would want to see is a set of lower highs. you re just talking about the s&p 500 numbers. it is stunning what we have seen in april. we may be down 9% from the all-time high, but in the month of april the s&p 500 on pace for its best month since 1987. much of this has to do with the big make a cap momentum strength. around 2
last week as tensions escalated following the airstrike tuesday inside pakistan. declaring the church court is not afraid of history pope francis said today that he would open up the vatican archives on pope francis the gulf who is criticized for staying silent on the holocaust. vatican usually went 70 years after a term to open up the relevant archives but has been under pressure to make the documentation available sooner well holocaust survivors are still alive. global news 24 hours a day, on-air, and @tictoc on twitter, powered by more than 2700 journalists and analysts in over 120 countries. i m mark crumpton. this is bloomberg. vonnie: it is 1:00 in new york, 6:00 in london, 2:00 in hong kong. i m vonnie quinn. welcome to bloomberg markets. from bloomberg world headquarters in new york, here are the top stories. insight? china and the u.s. hammer out specifics of a breakthrough trade agreement that could lift tariffs. defiance. the currency remained strong after presi
a second term. kim davis caused an international uproar when she stopped issuing marriage licenses and 25th in 2016 after the u.s. supreme court struck down a law four people global news 24 hours a day global news 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. i m emma chandra. this is bloomberg. vonnie: it is noon in new york city, 5:00 p.m. in london and 1:00 a.m. in hong kong. welcome to bloomberg markets. vonnie: here are the top stories on the lubricant from around the world that we are following. u.s. stocks are falling for the first time this year as investors are corporate earnings. u.s. dollar strengthening after three straight weekly declines. part of our exclusive conversation with ubs ceo, where he is seeing opportunity and risk in 2018. shery: the travel nightmare as new york s john f. kennedy airport continues. flooding causes more flights to be delayed. will this incident give president trump next to push