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June 25, 2024
Seven of them were record closes. That was its longest winning streak in some time. But earnings came in mixed, and the European Central banks decision not to add stimulus to that regions economy weighed on sentiment and pressured stocks. The Dow Jones Industrial aver lost 77 points to 18,517. The nasdaq was off 16. The s p 500 fell 7. Dow component visa could set the tone for tomorrow. The Worlds Largest Payments Network operator reported a steep drop in quarterly profit and added 5 billion to ...
June 25, 2024
Weaker than expected u. S. Growth. Keeping an eye on Deutsche Bank as well. The lender yet to reach a settlement with the doj. Theres that, theres jamie dimons comments on banks. Jim, its good to have you back. What are you watching out west, first of all . Look, i think the dream force is a little more exciting this year than ever because theres so much consolidation or talk of consolidation. I feel like i dont have david to be able to look askance when i make suggestions on whats going to happ...
June 25, 2024
A is definitely Commodities Energy story in terms of the dow. As thats the nasdaq off by. 2 . We are talking about falling oil as well as falling commodities as the bloomberg dollar index also rises. You can see it is definitely a very broad decline. It is also a mild decline. Materials is down the most by. 7 . We are seeing commodities in terms of gold, silver as well as copper all often the order of onemonth or twomudflows. Flows. Twomonth with oil on the downside, financials also slipping int...
June 24, 2024
Economy with janet yellen about to testify. We have to get our head around what matters to her most. Clearly she hurries clearly she cares about data. The question is, is a data around the world as we look at china, japan, brazil, or is it the economy improving slowly . We have breaking news right now. Matt first i want to give you news on time warners dividend. If you are a shareholder, you will be happy about the fact that time warner is raising its dividend. Well, you might be happy. . 40 to ...
June 24, 2024
Do get your suggestions in to us. Now fed chair janet yellen was a professor at uc barkley during that time. And she testified yesterday about the state of the economy. The topic is Global Markets in turmoil. Lets have a look at what futures are doing. The dow expected to open nearly 300 points down. Yellins comments yesterday were market moving, especially for bonds. Check out the spread between the tenyear and twoyear. Its what everybodys talking about. Yellin telling the Financial Services co...
June 24, 2024
But the hang seng and kospi reopened after the Lunar New Year holiday. South korea down 3 . Shanghai remains closed until the end of the week. Meanwhile, the dollar falling below 112 yen for the First Time Since late 2014. The level of the dollar and the spread between Interest Rates, the did you see the ten year . Its 162. Hard to believe that we are back there. Its sliding by tremendous amounts, by the day. I mean, it was at, i dont know, its like ten basis points lower today than it was yeste...
June 24, 2024
Oil ministers came out and said opec is, quote, ready to coordinate oil output to shore up crude prices, crew immediately came off of the floor sending the dow on not 200 point reversal, down 411, Dow Jones Industrials suddenly added 200 points, were down 261 so it is not a sure thing at this hour. That is why we are here for you. The s p 500 sectors still in the red but it is really financials, energy is leading the way, the s p still on track, still on track for its lowest close in two years. ...
June 24, 2024
Hyman with the latest. The day is not done yet, so you never know. I just want to mention that we got some sentiment numbers from the university of michigan with the sentiment number coming in at 90. Following to 90 from 91. 7 last month and that is also a fivemonth low. Consumer confidence numbers coming from the university of michigan. It looks like as part of the survey low income americans became more concerned about prospects for the u. S. Economy and higher gasoline prices. We are seeing s...
June 24, 2024
We are up around the highs of the session, with the nasdaq leading the gains today. Energylook at the imac, taking over the top spot. Care, thelth pfizerallergan deal being canceled, both of those stocks were up and we are seeing Ripple Effect speculation about where we could see further consolidation in the health care industries. Discretionary and tech stocks are trading higher as well. This is the energy portion of the equation. Weeks inventory reports showing an unexpected draw down in inven...
June 24, 2024
Official anymore . Scarlett i dont know. Wednesday is official because j. P. Morgan is reporting. Julie whether you are talking about alcoa or the banks, there is not a lot of optimism when it turns to earning broadly with energy or financials. We have seen a pairing of gains today as we have gotten deeply into the session. The s p 500, if you look at the intraday move we have seen, it has been moving from steadily lower, a leg up in the past few , downs, but none the less sharply from the highs...