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At 211 a share, now its 213 up again, those two Companies Amazon and microsoft have huge and growing cloud operations. That is a big part of their stock rally. Now look at tesla, 142, yesterday closing 1600 a share and this morning its up 11 bucks, 1654 but it is up again, are these tech stocks a bubble, is it like the dog, the late 90s, ive never seen anything like this before. Now look at the overall market, the Dow Jones Industrial going up again, maybe 150point of the opening bell, the s p of 21 points, two thirds of 1 . Look at the nasdaq, a half percentage point and more because a big tech again. The market is also getting help from the europeans who reached agreement on a near trillion dollar rescue plan that helps and they are still negotiating a plan for the United States as of right now. Bottom line, big ....
The economy, pretty much at a dead stop until may, maybe longer. The market is looking to the other side of the virus problem and surely welcomes more financial help. However, stocks are ending the worst month since 2008 and the dow will open lower this morning, off maybe 140 points. Similar story for the s p and for the nasdaq. A down opening bell today. The price of oil, well, that remains at depression levels. This morning we are in the low 20 per barrel and the average price of gasoline, you got to look at this, the National Average gas price has dropped below 2 a gallon. 1. 99, thats your number this morning. The price is dropping about two cents a day but so what . Demand has cratered, the roads are empty, and few people are taking advantage of dirtcheap gas. Now, this caused a stir yesterday. The u. S. Navy hospital ship arrived in new york and was greeted by crowds of onlookers. They were breaking social distancing rules ....
Walk across the border and you get health care. If youre born here, maybe not. My conclusion this friday morning is that the democrats are badly divided and are now led by unelectable socialists. Why dont we get to the market. Its going up again this morning, triple digit gain maybe for the dow, pretty close to it. Modest gain for the s p and the nasdaq as well. The dow, pretty close to alltime highs. The president meets chinas leader tomorrow. Huge stakes for both sides. The market seems to be saying because its going up that there will at least be a smile and a handshake. Well see. Wait until you see the mayor of new york city praise che guevarra. What will apple do without the designer of the iphone . Varney company is about to begin. It will be a very exciting day, im sure, for a lot of people, including the world. It will be an exciting day. A lot of people are talking about it. Its very interesting. Its going to come out hopefully well for both countries and ultimately it will wo ....