Uptick utilities is the Top Performing sector, i guess we could say it had a pullback. It did hit a nine year high today. Tech strong, Consumer Staples are strong lets begin with dominic chu wh is following the stock market. The stock market might be a little bit ways away from getting back to the highs before the selloff, we looked at the s p 500, it turns out that 93 members of the s p are 5 away from claiming those 52 week highs or better that theyve seen 81 stocks have hit highs so far in 2018 alone. And a handful, 13 of them, has hit 52 or better just this week. Some of the stocks that are a doing better job of getting back towards those record high levels, check out vf corporation, a big apparel company. Its within. 5 of record high levels northrup grumennond cne group also within 1 nike, close. A bunch of big names are doing a decent job at getting back after the losses weve seen. The big question on the minds of investors is if the rebound is wahappening too fast. Who would hav
Welcome to Worldwide Exchange on cnbc. Im sara eisen im wilfred frost good morning to you from me as women. Well yesterday, tech ended up lagging the market, leaving the nasdaq with a bigger decline as for futures dow futures are little changed down about a point nasdaq futures continue to sell off, down 26 points. S p futures are down two moves in the euro following comments about mario draghi. Draghi says growth in the eurozone is abovetrend and broadly based. A decent jump in the euro over the course of his speech up 0. 64 the key soipoint is he aid all signs point to strengthening and recovering that gave the euro the jump on the news he said inflationary pressures seem to be replacing deflationary pressures most of the speech was dovish, indeed he did say loose policy was still required tomake sure inflation dynamics became durable. Any changes to policy would be gradual. The broad term was dovish. The market focusing on those core comments about the economy and saying the economy
Record along with the nasdaq. The dow is closing in on one. And a number of very Big Companies reported upbeat results. Something investors were hoping for given the high overall evaluations for stocks. Investors got what they wanted. The Dow Jones Industrial average rose 100 points to 21,613. The nasdaq added one, but that was enough for a new high. Caterpillar, United Technologies and 3m, help define todays market they have a few things in common. Theyre all dow components, a key part of the economy. And they all sounded up beat. Reaction was much different with caterpillar. United tech fell, and 3m the worst among the dows. Morgan brennen explains why. A busy day for the industrial giants, making everything from excavators to jet engines to postit notes. Caterpillar bulldozed expectations, thanks to Strong Demand from Gas Industry Equipment in north america. The maker of earth moving machines is also forecastings sales growth after four years of declines. All positives that sent the
Its very common since when you see a fatal fire. As for the damage to the building here behind me, most of it was to the apartments on the top two stories, fire damage, mainly smoke and water damage to the apartments below but all told, 13 people out of their homes this morning. Live in vallejo, anne makovec, kpix5. A mistrial been declared for a former San Jose Police officer accused of raping a woman while on duty. The jury deadlocked 93 in favor of acquitting geoffrey graves. A conviction could have brought a life sentence. Graves had offered to plead guilty to a lesser charge but Santa Clara County prosecutors declined to make a deal. There is no word yet on whether the case will be retried. Apple taking a stand against the fbi and it has americans talking from coast to coast. The company is refusing to help the fbi get into the phone used by the gunman in the San Bernardino massacre. Kpix5 reporter kiet do is live outside apples headquarters in coopteen with more cupertino. Report
U. S. Trading day. Lets check in with julie hyman at the markets desk. This is not the outcome that most people would have expected in terms of the markets. When we saw the news there was no agreement in market. Stocks rising to the highs of the session, particularly the s p and the dow. I just looked at an intraday chart. Here you have the s p 500 and here you have oil prices. We have had some analysts coming that someicipating investors would want to buy the dip today. There is also news that there is an oil strike in kuwait cutting that production by 60 . You can see it is climbing by the highs of the day. The movement in brent is even more remarkable because it briefly turned positive and is only down by a quarter of a percent. Energy is actually the best performing group. It is up more than 1 . Kind of an amazing turn of events as we see most of the groups actually turned green. If you take a look at some of the best performers within energy. You might want to call and selectively