Pretty common place these days and today was nodifferent. The only thing that was different was that the dow breakthrough a milestone. Hit iting and closing above 22,0 e time we mentioned last night, apples strong earnings likely propelled the index to a record csi numbers. The dow rose 52 points to 22,016. Most of the gain was thanks to a 5 rise in apple. Nasdaq was flat and s p 500 tacked on a point and with the dow above 22,000, it keeping in mind that this is is historically a bad month for stocks. But as bob pisani tells us, the hope is this time, theres a could we get an august swoon in august is beat a typically a lousy month for stocks. The second to worst month of the year. Its only been up five times in the last 20 years. Thats terrible. E hope is that any cross at taking at technology after apples strong numbers will clos to rotate to the forefront. Rotation centers rrnd two groups. Energy and financials. Is this going to work . Maybe. For oil stocks to get moving, we need o
Worldwide exchange. Everyone, on cnbc, im seema mody in from sara eisen. And im in for wilfred frost. See seema, a fantastic day, a lot coming up. A record high for the dow. Take a look at how futures are shaping up here on Tuesday Morning. A lot of earning to look at, in terms of walt disney, priceline among others here on futures trading mix, Dow Jones Industrials down by 2 points, s p down by 1 point. A lot of fed seekers coming up were looking at a tenyear field at 2. 6 , so a bit higher Economic Data out of china overnight, chinese missing expectations, the nikkei off by 0. 3 and shanghai up by 0. 1 . Shaking that data caoming out of china. A bit of a mixed market. Theyve been hovering between gains and losses the dax in germany, you cant get more flatter the german dax, ftse, in uk, all up by 0. 1 of 1 overall. Seema, the Economic Data well talk about in just a couple minute but still not having that wailing effect that people thought it was going to have either in asia or europe
Council as fallout from charlottesville grows. Its friday, august 18, 2017 Worldwide Exchange begins right now. Good morning welcome to Worldwide Exchange on cnbc. Im seema mody in for sara eisen. Im dominic chu in for wilfred frost. Well have the latest on all of that barcelona action. Lets check whats happening with the global markets. Were seeing a reaction to what happened in barcelona and what happened yesterday in u. S. Markets. Futures pointing to marginally lower opens following on yesterdays big losses the s p 500 opening up down 3 points if futures stay where they are the dow down about 11 points as for asia, we saw weakness there carry over from the markets. Indexes mostly in the red. The nikkei off by a percent. The hang seng off by a percent the shanghai just about flat the kospi is off by 0. 1 as for europe, negativity continues there. Some major markets there, the dax in germany off by close to a percent. The cac in france off by over a percent as is the ftse 100 in the
Time to become more circumspect about this remarkable run. There is so much that is positive, im beginning to rack up a few negatives, too. Weve been whistling past serious grave yards on the way to these new heights. Its worth shining a light on those grave stones as this market continues to break records. The dow made another new alltime high. S p slipped back and nasdaq declined 25. 9 . We recognize the three major tenets of trumps poll circumstance deregulation, lower Corporate Tax rate and tax holiday of repatriation of overseas earnings are terrific for the stock market. Weve run a great deal because of that triad. But you know what . We need to start asking ourselves how far we can go just on those three things when there are beginning to be other issues that just arent going right and weve got to talk about them now. Lets tick them down. First theres oil which was up sharply today. Oil rallying on better demand is one thing we like that. Crude simply climbing on production cutb
Web. That was referring to Chuck Schumer. We bring you all of this live as it begins. U. S. Trading session, julie hyman is here with the latest. Julie the rally continuing into its second day. We tend to see a flip on the first week of trading on the new year from what we saw last week of the last year. We could see an up week this week of the last if the last five years are any indication. Rally, buta runaway we are seeing gains. I want to talk about auto sales this morning for the united states. They were largely better than estimated. Gm sales, more than double what analysts are estimating. For reporting an unexpected gain in sales of 10 . Fiat, although its sales fell 10 , analysts were predicting a steeper decline. All of them better. Fiat still trading lower. Gm and ford a gain of more than 3 here. It looks like we could surpass last years hurt for annual sales, up 17. 5 million vehicles. Been an interesting phenomenon of People Holding on to their cars longer. This is a monthly