Surging as the u. S. Rounds the corner on a vaccine. But how exactly will a vaccine work well speak to stanford medical dean, dr. Lloyd minor. Power lunch starts right now thank you, ty. Welcome to power lunch, everybody. Im kelly evans. Tech is the best performing sector today, up 2. 5 as it regains some ground it lost over the past several sessions. Take a look at big cap tech name apple, microsoft, amazon and facebook all higher today. You can see amazon and microsoft up about 3 . Flipside of the coin, Energy Stocks are lower the Energy Sector etf, exl up 14 . Taking a breather today. And despite all the volatility, the s p is up a whopping 9 to kick off november. Wow. Dom chu has more. We have talked about this rotation, whether its a great rotation, whether its a microrotation into some value type sectors like energy, industrials. We have some massive moves on some of the most beaten up stocks in the s p. This righthand side, this move higher than been led by many of those deeply
In 34 states, the 70 average of new cases is higher than a month ago. Australia set to lay out a big spending budget to revise the economy and generate jobs. Today. Also makes it shery heres how markets are looking right now. U. S. Futures opening flat after u. S. Stocks rose in the regular session. They ended the session at a three week i. We have the s p 500 and the nasdaq and the dow beginning more than 1 . The nasdaq composite so its best in almost a month. We have the s p 500 closing at session highs. We had optimism over a potential stimulus package. Nothing mentioned President Trump being released from hospital tonight. Regeneron rallying after President Trump was given their experimental antibiotic treatment. Energy was a big gainer. Take a look at wti which is above 39 a barrel and continues to gain ground at the moment after the largest jump since may, rallying in tandem with the equity markets. Lets see how things are shaping up for the asian markets. Here is Sophie Kamarudd
Power lunch starts right now the s p 500 briefly dipping below 3,000. Bob has more on todays sell off. This is a very interesting day because its complicated we had a 70point swing in the s p 500. Wii right on the verge of going positive its not simple to say this is a day when the cyclicals started rallying the market is bit unsure of what to do. Just take a look at the dow leadership here. You say, look at all these industries rally here. 3m is up boeing is having a good day. Were seeing the other stocks. Raytheon is on the upside. You say the cyclicals are doing well thats not really the case look at the dow laggards, for example. You get defensive names like merck and pfizer caterpillar is still down. Banks are still down even though they are off the lows. You see its not quite simple to say the cyclicals are rallying boeing has been on a wile ride for weeks. It was 176 earlier in the day. Its been moving up and moved into positive territory. It was 155 two weeks ago it goes down t
Week, what it means for advertising, spending and jobs. On my colleagues, ben levisohn, carlton english and jack howe. Ben, the market had a good week, and it seemed kind of placid on the surface but down below there was actually some really interesting crosscurrents. Thats right. And i think the first thing that the market had to deal with this week was the specter of renewed china u. S. Tensions. Hong kong sort of lingered there in the background, but its never been one where the other side seemed to be willing to act. I think we saw china pass a new security law for the city, and when trump said that he would respond to that on thursday, it actually caused the market to go from positive to negative. On friday he made an announcement, it wasnt as bad as the market thought, so the market rallied back. But its really something that the market is going to, i think, start to focus on. How much can tensions between the u. S. And china escalate, and how much [inaudible] does the u. S. Want
Bowling is set to resume next week, what it means for advertising, spending and jobs. On my colleagues, ben levisohn, carlton english and jack howe. Ben, the market had a good week, and it seemed kind of placid on the surface but down below there was actually some really interesting crosscurrents. Thats right. And i think the first thing that the market had to deal with this week was the specter of renewed china u. S. Tensions. Hong kong sort of lingered there in the background, but its never been one where the other side seemed to be willing to act. I think we saw china pass a new security law for the city, and when trump said that he would respond to that on thursday, it actually caused the market to go from positive to negative. On friday he made an announcement, it wasnt as bad as the market thought, so the market rallied back. But its really something that the market is going to, i think, start to focus on. How much can tensions between the u. S. And china escalate, and how much [