financials hitting its high of nine years, bank of mek, citi, goldman, morgan stanley. up a full percentage point qqq. and this rally is reaching all corners of the market with more than a fifth of the entire s&p 500 hitting new 52-week highs. brian? melissa, thank you very much. i m brian sullivan down in washington, d.c. what a day to be here. the good feeling after the speech certainly has investors feeling good. but speech aside, is the gop more likely to really get what they want? what are the democrats likely to give up to help the gop get to their goals? all that stuff from here. great guests lined up from the russell senate building rotunda here in washington, d.c. i ll send it back to michelle. actually, i ll pick it up from there. tyler. welcome, everybody, i m tyler mathisen. what a day we are witnessing. record move for stocks, president s comments before a joint session of congress, kicking the trump rally into high gear. and i thought it was just because
to kram measure ker ka. call me, 1-800-743-cnbc. so that s what it will look like if we fall off the fiscal cliff. i m talking about how the stock market acted today, particularly near the end of the day before the closing rally, dow diving 75 points. s & p seeking .63%. nasdaq, punching .72%. because now it s dawning on stock holders they are facing something like the debt ceiling debacle. if the armed camps in washington don t disarm, and agree to talk to each other in a serious way, and not just the bluster sessions that seem to be happening daily these days, which reminds me, do you remember do you remember the debt ceiling nightmare last year? going to those horrendous talks last summer, everybody felt very confident that the president and congress weren t really at lagger heads. market was almost at its high. pretty good, vix low. then like now, we heard that the discord was only political posturi posturing. the stock market forwarded ahead, and the complacency was th
dow gaining 199 points. s&p falling 1.12% and the nasdaq climbing. stocks had been going down. for five days and the expectation that interest rates had to rise, because there would be such a huge burst of hiring. investors had been selling down their holding, they thought growth was too robust. instead we got a cinderella payroll employment number this morning that gave people a reason to stop selling bonds and to start buy, buy, buy! stocks, which had been dropping all week. it s a pretty amazing thing to watch. the same stocks that have been hammered going into the jobs report spring back to life. the banks, industrials, housing-related names, the consumer product stocks. almost as if they were all priced to a huge bond selloff which would ve driven rates up, and when they didn t happen, we put the labor report under the category i always tell you about. the big bad event category that is now behind us in the rearview mirror. and this and this happened at a momen
the quarter one of the best quarters of this year of this reporting season along with conn s. has had enough time under the belt to get the kinks out. so i think pvh will do well. it was disconcerting that the stock got hit today for 65 cents. yeah, it was down 65 cents, though, to 130. and that s daunting on a big up day. that does concern me as a former trader that somebody knows something but the details, the clues are all there. tuesday s more retail. and we know retail s been incredibly inconsistent lately. more on that later. if you ve been executing well, you can make money here. so i would bet that this first quarter that we get from burlington coat factory as a public company, i think it could be a good one. i like that idea. one of the stocks we ve been seemingly behind forever is auto zone, azl, because the average car on the highway is 11 years old. they need to keep the cars running. we heard pep boys on monday. pep boys is bad. do not immediately extrapolat
higher. dow gaining 199 points. s&p falling 1.12% and the nasdaq climbing 0.73%. stocks had been going down for five days in the expectation that interest rates had to rise, because there would be such a huge burst of hiring. bond investors had been selling down their holdings, driving rates higher, because they thought growth was too robust. instead we got a cinderella payroll employment number this morning that gave people a reason to stop selling bonds and to start buy, buy, buy! stocks, which had been dropping all week. it s a pretty amazing thing to watch. the same stocks that have been hammered going into the jobs report spring back to life. the banks, industrials, housing-related names, the consumer product stocks. it s almost as if they were all priced to a huge bond selloff which would ve driven rates up, and when they didn t happen, we put the labor report under the category i always tell you about. the big bad event category that is now behind us in the rea