Europe, as you can see, down by 0. 2 . Not getting back ground within the markets. The oil sector has done very well of late. The Banking Sector has done very well of late. Just beginning to fade down today. The s p is down by 0. 3 percent, but it is a similar story. This value cyclical story, the rotation that has pushed money into those spaces, just fading a little bit. We are going into the ,hanksgiving Holiday Weekend basically four days youve got to hold these positions for, and i think a lot of people have decided they just dont want to do that. Eurodollar going a little lower in the last 10 minutes or so, basically back to flat. As the push higher has started to gain attention, there has been some concern that this is going to become an issue. Ive yet to hear it, but watch out for that story. Brent crude, 48. 16. Brent is still higher despite some profittaking elsewhere. I would have thought the best way of describing it, muted markets not getting back much ground, and certainly
And as millions of americans continue to stay home amid the coronavirus, we run down some of the hottest holiday tech peoples of their, all as swarmed online sites. Speaking of staying home, what streaming companies are doing. First, lets get a check on u. S. Markets, where we have been talking about the rotation out of tech shares on corona vaccine news. Reversed courseon wednesday amid data showing a possible slowdown in economic growth. Ed ludlow joins me with my. What are you seeing . Ed im calling it the unwinding of the rotation trade, taylor. The s p 500 coming off this record high, dow coming up 30,000 points that we saw yesterday, and then the technology stocks, the nasdaq 100 index up. 6 . Data wise, this is the first backtoback rise in weekly u. S. Jobless claims since july. Investors are reassessing what is going on with the economic recovery as it relates to covid19. The story, as you say, has been a move into value and smallcap stocks, those kinds of companies that would
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Delivering food than transporting passengers for the first time ever. Slightlyes are down after hours. I want to bring it abigail doolittle. I want to start with uber, engagement down 44 . That is the measure of how many passengers they are transporting. What they made in food delivery did not make up for what they lost. Abigail it is an interesting quarter because they beat the estimates but revenues fell for the first time ever. As you were just mentioning, their primary business of ridesharing just not really there. I see get all the time in new york, there are much fewer driven cars out there. They demand simply is not there. Who knows, maybe at least here we will see a little bit of a pickup. But its interesting to see that food did better than ridesharing. It shows you that these companies are trying to adapt to the pandemic. Tmobile put up a big quarter. They beat estimates. They added more than one million subscribers. You were mentioning apple. Nasdaq simplyy keeps climbing. U
With phase two of the reopening plan the top new york state Real Estate Broker will tell us what she is seeing on the ground and 30 or 40 stories up. Power lunch starts right now. We are about even on the advance decline line but its Technology Stocks to keep powering those names, particularly in the top 25 let me show you sectors here thats essentially at a historic high. Quibble about it. Also having a great time that smh the second one there but Everything Else is kind of lagging so even cyclicals like industrials and banks, even defensive sectors Like Health Care and Consumer Staples they are lagging the big cap Technology Stocks. We have new highs as you heard there at the top but a lot of it is basically mega cap stuff at new highs. Apple is at a high new microsoft, adobe nvidia these are all of the top 25 in terms of market cap. All of them well over 200 billion in market cap at new highs. The big market cap they drag the rest of the indexes along with them they are saying walma