Sara eisen is joining me once again. Hi there, sara. Good to see you, mandy. Triple digit rally for the dow be up with over 300 points at this hour. Still have a long way to go to make up for yesterdays losses. Bob pisani jones me here on the floor. Youve been looking at historical rebounds. Were due for a rebound, getting it right in line with a historical pattern. Let me show you the s p. We flat lined at the open, up 300 points on the dow, 37 points on the s p and we sort of have been right there throughout the day. A little bit of rise after europe closed once again. Saras right, once we had a correction, 3 down with the s p 500 two days in a row, that has been a rare occurrence. This only happened eight times since 1980, five in 2008 and each time, two sessions in a row, one day later, the s p has been up 75 of the time, averaging 2. 3 . Sara, guess what, were up 2. 2 on the s p. Thats today. Not bad. Its happening exactly in line with expectations. One week later, its up 86 . The
Happening which is the equalweighted biotech index as im speaking, this is occurring. We are now at the highest level since december 2015. Thats more than a year and a half ago now take a look at the ibb this is your large cap biotech 300 has been resistance for a long time. Looks like she wants to take that out here. If you can get above the 300 level, thats another massive breakout okay, josh, it is above that 300 level, as we have this conversation ibb is up 5 in a week xbi, 6. 5 and what i want to know is not only did it take out 300, its already 312, theres no serious resistance here until at least 320. Theres nothing fundamental thats changed, but the xbi is up 8 over the last three days large cap biotechs going bananas. Xlv, now at alltime highs, right this minute. And so i think, like, people talk about ital technicals what were really talking about, not what are the earnings, what are the drugs coming out the market is processing that all the time what were saying is, what are
30 minutes into the trading day in the u. S. , and it seems like market can do no wrong. Julie hyman is here to explain. We are seeing a pullback which is not surprising after the big gains yesterday. The dow turned positive a moment ago, but have come back down. 15it does arrive, it will be of the last 14 sessions that we see the dow industrial average. 44 years ofowest in ess claims. The rally yesterday is the largest we have seen this year. What is Holding Stock back at the moment is the cyclical groups benefiting. The economically sensitive groups. Moreed is starting to get attention of its march 15 meeting after Lael Brainard hinted that a rate increase would happen earlier rather than later. Notable, feds on future pricing and 80 chance we would get an increase on those rates. Want to bring it back to individual stocks were we are seeing earningsrelated winners. Monster beverage shares up 16 . Beating estimates by 17 . Its Energy Drinks doing well. Some of the brands from cocacol
Welcome with bei, everybody power lunch. Glad you could be with us on this rainy thursday. Im tyler mathisen. Stacks hi stocks higher today after yesterdays midday swoon. Heres a nice stat. Four dow stocks have gained more than 10 this year. Apple, boeing, visa and home depot. Those names are mixed in todays session. Twitter under some pressure on news that one of the companys founders, evan williams, is selling 30 of his shares. There you see that chart reacting, in part, to that news. Home builders, a notable standout. Home builder etf, hxb, having its best day in about a months time, since march 15th. Im michelle carusocabrera. Heres what else is happening at this hour. Devin nunes temporarily stepping aside from the house committees Intelligence Committee after the House Ethics Committee announced it was investigating mr. Nunes for possibly disclosing classified information. Representative nunes calls those charges entirely false. Jobless claims falling by 25,0 25,000 last week, th
Saying its extremists opened fire in the airport and several of them detonated suicide belts. Nbc news is also reporting that police are searching a residence in brussels that may have been the launching pad for those attacks. U. S. Intelligence is combing through intel and chatter still attempting to determine if there are other imminent threats of attack. At least 31 people were killed by explosions at the Brussels Airport and the train station. Nearly 200 more were injured. Three american mormon missionaries serving in paris were among those seriously injured. Theres a look at one of them. Defense secretary Ashton Carter says no attack will effect u. S. Resolve to defeat isis. In the face of the acts of terrorism the United States stands in strong solidarity with our ally belgium. No attack will effect our resolve to accelerate the defeat of isil. And that is the very latest on the attacks. Well have updates on the half hour and the hour on this developing situation and scott one an