Ivy zelman is here to talk about that. Instacart raising its price after the successful arm ipo. On stocks, we are weaker and the losses are accelerating in the last few moments. Were down a percent on the s p, putting in jeopardy the gains for the week. The nasdaqs down about 1. 4 . Whats working today is a little more defensive. Its the health care and Utilities Group which is bucking the overall trend, higher stocks, on the back of a little better Economic Data. What we got this morning, Industrial Production was better, but we did have Lower Consumer confidence from university of michigan. Interesting to see us lose some ground even as yields are coming down as well. Lets begin in michigan as the uaw goes on strike. Our phil lebeau is on the ground with the latest. Good morning again, phil. Good morning, carl. I have a lot of people asking me just how much of an impact this strike is having on production and the availability of vehicles. Think about this. 15 of the u. S. Production
Julie stocks keep wavering between gains and losses. The nasdaq the only three of the major averages that is relatively consistently up today and still trading at a record. We are seeing a tight trading range once again. We are seeing the vix continued to trade at low levels. E will hear from Oliver Renick if you take a look at the bloomberg for a chart we are watching, we did get Industrial Production beating estimates, but both Building Permits and new Home Construction coming in below estimates. Which u. S. Economic data is beating estimates, it is trending lower. Even as the stock market is maintaining if not taking considerable legs higher. The correlation between the two has been breaking down. Afterentury fox declining Berkshire Hathaway revealed that it eliminated investment in that company. Disney down 1 . Reportedly, hackers have said they have access to one of the companys upcoming releases and will release pieces of it slowly i unless disney pays a ransom. Were looking at t
Julie stocks keep wavering between gains and losses. The nasdaq the only three of the major averages that is relatively consistently up today and still trading at a record. We are seeing a tight trading range once again. We are seeing the vix continued to trade at low levels. E will hear from Oliver Renick if you take a look at the bloomberg for a chart we are watching, we did get Industrial Production beating estimates, but both Building Permits and new Home Construction coming in below estimates. Which u. S. Economic data is beating estimates, it is trending lower. Even as the stock market is maintaining if not taking considerable legs higher. The correlation between the two has been breaking down. Afterentury fox declining Berkshire Hathaway revealed that it eliminated investment in that company. Disney down 1 . Reportedly, hackers have said they have access to one of the companys upcoming releases and will release pieces of it slowly i unless disney pays a ransom. Were looking at t
Julie stocks keep wavering between gains and losses. The nasdaq the only three of the major averages that is relatively consistently up today and still trading at a record. We are seeing a tight trading range once again. We are seeing the vix continued to trade at low levels. E will hear from Oliver Renick if you take a look at the bloomberg for a chart we are watching, we did get Industrial Production beating estimates, but both Building Permits and new Home Construction coming in below estimates. Which u. S. Economic data is beating estimates, it is trending lower. Even as the stock market is maintaining if not taking considerable legs higher. The correlation between the two has been breaking down. Afterentury fox declining Berkshire Hathaway revealed that it eliminated investment in that company. Disney down 1 . Reportedly, hackers have said they have access to one of the companys upcoming releases and will release pieces of it slowly i unless disney pays a ransom. Were looking at t
Minutes, the dow up almost 200 points. The s p 500 gaining two and higher for the week. It was a bit of a tossup which way we would end but it does look like its a positive number for the week. If this was the dows best day since september 12 and within the different sectors looking at financial and energy, those two groups leading the gains in the s p 500. It wasnt a bad week in terms of volume. You had an average of 10 billion shares. Im going to jump into what happened specifically in the stock market today, looking at a couple sectors that were the winners and losers. We will start with the losers. There was only one group down, and that was the Utilities Group trait i thought it was interesting because if you look below, the staples still gained 94 basis points. A bit of a diverging story in terms of the higheryielding stock. Utilities there are much more projected to the yield play. That is interesting. The Energy Companies doing pretty well, this has been a big part of the marke