A third day diplomats worked frantically to get a resolution for a cease fire on Syria Ambassador he got an agreement with the russians now. Today were going to see if russia has a conscience the Russian Ambassador conferred with his syrian counterpart whos government has continued without rest by the bombardment of eastern even as the negotiations dragged on diplomats have been working around the clock exhausted frustrated and in some cases angry most of the discussions focusing on the exact wording of one paragraph in the end they agreed to a place an immediate cease fire with one that comes into force without delay it meant they could vote it was unanimous but there didnt seem to be much unity in the chamber. Every minute the council waited on russia the human suffering Group Getting to a vote became a moral responsibility for everyone but not for russia not for syria not for iran i have to ask why as they dragged out the negotiation the bombs from assads fighter jets continued to f
The nasdaq yesterday had been up more than 1 and the s p 500 more than half of your percent. The geopolitical tensions earlier this week, that briefly took a toll on the markets being shaken off as buyers are stepping in. When we look at the breadth of the market, there may be some reason to be concerned and think that perhaps the rally we have seen for two days could be shortlived. His is a oneyear chart in white, the s p 500 and in blue the percentage of members above the 50 day moving average. Yesterday, the s p 500 moved above the moving average, considered to be bullish and saying buyers are moving back in. In blue, the percentage of the members over the 50 day moving , thege, 43 , declining market internals are deteriorating is what that is telling us. Suggesting that the rally we see for stocks today this week could be shortlived. Lets look at a sector doing well, homebuilders. Bid. All getting a decent Credit Suisse estimated they could lose 1. 1 billion in the wake of the deva
Analysts weve got the number within analyst in biotech here to give us his favorite two names in that space. Yeah, the big cap and the small cap. In that order. You really have to know biotech. You really have to know. Im looking forward to speaking with him. Plus the man that won the paper called half man, half god, for his marketmoving calls. The number one equitylinked strategy will join us coming up. Think thats on his Business Card now we start, though, with the clock the stock powering the dow higher today, that would be walmart, shares surging 5 after some key announcements during its analyst day in bentonville, arkansas Courtney Reagan has some of the details from cnbc headquarters courtney reporter hi there, bill. Investors are pretty happy as you can see with walmarts forecast, two year 20 billion share buyback. Walmart shares up more than 5 hitting highs not seen in more than 2 1 2 years so walmart reaffirming its current year forecast which brackets analyst expectations. Al
By 15 points lets look at overnight in asia. The nikkei going strong closing at the highest level since 1996. A gain of 132 points that puts the nikkei at 20,823 hang seng was up by 0. 6 pfr . The shanghai was up by a quarter percentage point in europe, you will see that at least in the early going things have been mixed. These are modest moves in spain, stocks are under pressure down by 0. 9 this is coming as some concerns arise in catalonia. Well talk more about that in a moment we have news just out from the National Federation of independent business, showing Small Business sentiment dropping in september. The nfibs monthly index dropped to 103 for the month, that compares to 105. 3 in august. The group saying the immediate temptation is to blame the hurricanes in tex and florida but adds this is not case with Small Business owners across the country becoming measurably less enthusiastic but also points out the index is high by historical standards. Also in energy news, opec secret
Close of the equity trading day. This is the stoxx 600. It is fairly steady in todays session. We did see Global Equities moved to a record close. The stoxx 600 is steady. The lack of a utility or industrial or telecom, some of those are defensive. There is an element of risk on here. Health care is outperforming and energy is up performing. You see those commodities at some of the best performers. The spike is higher. We see a lot of industrious metals. Index, the stoxx 600 commodity reduce or index. If you look at the relative strength index, this did go above 70 earlier, suggesting miners of enter the overall range. They are trading at the highest level in four years. Low has dropped back down 70 now. Rsi is just over 69 on the are in rsi. Some have gone above 7000 the first time ins 2014. This has gone above 1000 for the first 2001. The euro is actually weakening against most of its g10 peers. Began is strengthening against its peers. It is weaker for the third day on this chart. Y