Did quite well. About weve been talking the investors worrying the last few days with yields continuing to march higher in anticipation of higher interest rates, itever the month of january, looked like a pretty good month for the bulls. I want to bring in this chart, as we round out the month. You can see s p stocks the best performance since march of 2016. President trump will take a look at take credit for this. The market is still doing well. If you look at that chart, investors are optimistic about prospects and we might be hitting an inflection point. Markets are rebalancing as well, and what we saw with the bond market overnight was significant of 10 year treasury yield spiking to 2. 97 . That is the line in the sand and it is a worry for many equity bulls out there. Mentioned,vonne just the 30 year yield breaking through a significant level, that 3 yield. And it seemsh us, like Equity Investors are paying attention to the bond market. That level reached and getting to that site
Euro lower, bond higher as well. The bottom of the european benchmark. Ahead of the ecb news conference. The euro is up by. 1 . Borrowing costs are expected to stay at present level until the end of the purchases. European volatility needs monitoring. There is no concern about the level of the euro. Ecb does not target Exchange Rates. Exchange rates are important for growth. The euro rising for the fourth day above the highest level since december 2014. The median forecast by the end 1. 23. E year is Financial Markets has a 1. 30 forecast. I want to talk to you about a few of the companies that are moving today. Talk about small caps. The french president , Emmanuel Macron, is pushing for reform helping the countrys small stoc ks. The cap small index, which has greater domestic exposure, have macron won5 said the first round of the president ial election last april. Over the 200 index same period. Cax is the white line. Whitetail holdings, it is roughly giving up the battle. Almost a 2
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
After the big gains for u. S. Stocks yesterday. A big swing to a rebound yesterday. Youre seeing bouncing around occur today, and that has been characteristic of the past week or so. Swings between gains and losses that finally ended up with a big gain by days end. Nasdaq lacking today even as the s p and the doubt gain for dow gain. The major averages from a percentage changes as of days. Obviously, we saw a big moves the past several sessions that are clearly more muted, at least thus far, in todays session. We have to offer that caveat because we have typically been seeing big action as the day goes on in recent sessions. As for the earnings winners that you heard vonnie talk about, snap is seeing an outsized thing with the 33 boost after the Company Reported earnings that Beat Estimates for the First Time Since its ipo. We will dig more into that in a little bit. We will also dig more into those disney earnings. Disney shares have been bouncing around a bit. On the one hand it is s
To be spared. Many children have died. The flu season still has not peaked. Global news 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. Parenti, and this is bloomberg. Emily i am emily chang and this is Bloomberg Technology. U. S. Stocks smash records across the board to close the week with tech shares at the charge. We have the latest. Plus, michael dalloways options with an ipo on the table. White the man with the largest leveraged buyout in tech history is reconsidering the companys future. And the rising uncertainty over facebooks new feed, pivot. Zuckerbergsal for new fixed and the potential impact on on ad revenue and digital publishing. U. S. Stocks hitting a new alltime high. The market is once again rallying on strong Earnings Results with tech shares leading the way. Helped pushformance the market higher, the s p 500 with the fourth week of gains. Lets bring in Abigail Doolittle in new york. And in San Francisco, corey johnson. W