Technology sector rebounded. The blue chip dow index to 18,923. The nasdaq rose 57, and the s p 500 gained 16. Since the elelection, the bt performing sector has been the financials. The rally in this group continue . Bob pisani takes a look. Reporter financials have been on fire since the election, but the rally is losing steam and with good reason. The Biggest Bank Stocks up almost 15 since the election. Morgan stanley, goldman sachs, all hit 52week highs. Its going to be tougher to get those gains from here. The s p Financial Sector trading almost 20 above its 200day moving average. That almost never happens. And its highly Unlikely Bank stocks will keep rising until we get more information on what the Trump Administration plans to do. So banks have been rising for three reasons. Regulatory reform. But its not clear how much of dodd frank will be dismantled and this would only benefit the biggest Money Center Banks for the most part. Second, banks have been going up on rising Intere
Much more. Daniel your in will join us and find out where he things oil is headed. Alex hill is here and that means one thing. Oil and copper. Down by a 10, the underperformance on the dax in frankfurt down by almost 138 points. The losses in asia as well, with shanghai having its biggest drop. To the bond market, yields on treasuries grind low on. 60 . 62 . Ono sterling approaching that particular pair. We will be over those for you. Lets get you up to speed on the top stories and check in with the Bloomberg Team. Is on the markets. Megan murphy in washington on the latest reaction from clinton and trump on the worst mass shooting in u. S. History. With begin with brexit growing anxiety over the u. K. Exiting the european union. Anna edwards is live. Lead in one poll for leave and it is looking to close to call. 10 days to go until we get to the Eu Referendum in the u. K. The pound is under pressure. En and gold surging the pound down against the yen and the dollar. By the most in nea
Tonight, Hillary Clinton officially accepts her partys nomination, and just minutes from now, were going to speak with one of wall streets biggest backers of the clinton campai campaign, mark lazri. Thats katy perry doing a sound check. Shes wearing a black baseball cap that says hrc for Hillary Rodham clinton. Im assuming you can hear her roar. Right now, in fact. Welcome to the busiest earnings day of the quarter. The dow is down, but apple continuing its solid run. Your big dow laggard right now happens to be boeing, down about 2 . Lets get downtown, and our own bob pisani with a scorecard on earnings season as we officially reach the halfway mark. Bob, how are we doing . The numbers are slowly improving, but still negative. Lets look at the Second Quarter scorecard. The s p 500 as a whole, these are Companies Reporting as well as companies that havent yet reported, what we call the blended earnings rate, down 2. 8 . Thats not good. Its still negative, but its better than it was a f
This morning. Not a bad weekend forecast. Cooler than we saw yesterday we are starting off socked in along the coast this morning. You can see the golden gate bridge, low visibility across the bridge and along the coast today, temperatures in the 50s and 60s to start off your saturday morning your weather headlines for this weekend, were starting off with drizzle, breezy but cooler today. And then a little more seasonal for your sunday, warmer for folks inland. If youre heading out to the 24 annual bike for breath event, 52 5 72 for the event. Warmer 77 degrees is the high today for the art and wine festival. The full forecast coming up. This morning, in dallas, federal investigators are working with investigators in texas as they try to piece together what lead up to thursdays deadly attack on Police Officers. Authorities say that the gunman identifieded as 25yearold Micah Johnson killed five officers. Angry over the recent Police Shootings of two policemen this week. They killed the
Her name, that is not respectful to the families. Reporter the City Council Member also a friend of amys family and i asked her if the family is ready to speak, if they would share some of their feeling. And she said theyre still not ready to speak. Absolutely just living through a nightmare that isnt going to he said anytime soon. Im tim furlong, nbc 10 news. Right now at 5 00, struggling to sink sanders. Hillary clinton is in Camden County today. Her stop comes hours after being bested by Bernie Sanders in the battle for west virginia. Delegate count Shows Hillary clinton cant be caught, but she cant yet turn her attention completely to donald trump. Lauren mayk is live in black wood where clinton campaigned this afternoon. And the garden state still means something in this race. Reporter it does. This is not the case where this rally is just the Campaign Making one stop and then moving on. Bill clinton and Chelsea Clinton will also be in new jersey this week. BErnie Sanders has alre