The end of the day. The nasdaq earlier this week daysile, closing down two for the first time in 2018. Overall a bullish tone here. Up four basiseld, points. The havens bonds are selling off , completing a risk on picture. A team of strategist said bank of Americamerrill Lynch say the bonds selloff might be a little bit stretched. We are looking at the 10 year yield in relation to the 200 Day Moving Average, and it has gotten well above the 200 Day Moving Average by about 30 basis points. It tends to move back down to the mean then. So in other words, the 10 year yield might fall back down 2. 3 . In that case, bonds would be rallying and it would be a risk off tone. But today, risk on. Lets look at two of the major winners, intel and abby. Afterat its highest level beating estimates. They gained an optimistic outlook for the Current Quarter for the full year, and some relief for investors that the chip design flaw is not waiting into the forecast. , up 12. 9 k at abbvie after beating a
There we are back to it. Technical difficulties. The dow is there but the other averages are not quite there. It is peak day. We have some were coming after the close of trading. The s p dream is earnings season about 0. 4 . The transportation average is up about 0. 9 . Outperforming what we are seeing from the major averages due in part to earnings. Increasesand price coupling to help Union Pacific make up for revenue that was lost in storm disruptions and also auto and carloads drop in those. Fell. They climbed in the third quarter, which was more than double an increase for a year earlier. Hey had a bigger gain actually, we will have to toss it back to you, abigail. Abigail thank you. Good stuff. President trump is due to deliver remarks were the Opioid Crisis shortly. Another pressing issue is in focus today, tax reform. House republicans adopted a resolution to cut taxes by the end of the year. This budget we passed in the house today brings us one step closer to historic tax refo
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