Precisely two years ago today, february the 13th of 2014. Well let them play it out there at the end of the overture. The 10year hit 1. 53, up 11 basis points since that low and oil is coming back after these opec headlines that well talk about in just a moment. A wild last 30 minutes and weve had disappointing numbers out of europe. The banks over there are suffering. Well talk about that with some of our guests coming up here and the impact thats having on our markets as well. It started in the overnight session today and it looks like the worst of it happened just as markets were testing that 1812 level and falling through it and this news out of opec, the u. S. Benchmark has moved up more than 3 off the lows of 30 minutes ago. Well get more insight from former leaders in the financial space over the next two hours about whats happening across the Financial Complex here. Peter sands is joining us and citigroup vice chair bruce rhodes and former wells fargo ceo. Not just the banks. L
His tightest range of the whole year. We actually thought low volume. A lot people are waiting for the jobless report tomorrow. Sawy the whole month, we it really come down, for the most since october. Over the whole month, the risk of the volatility really decreasing overall. It seems like quite a trend. Us to wrapping up the First Quarter of the year in what a quarter it was. I want to start your with the nasdaq in particular, because it started off the year falling below its moving average. But in february with the rest of the market, the green for the quarter, but none the less, it was quite a comeback. The dow and the s p also seeing a second straight quarterly gain. Lets be honest, overall, we really havent gone anywhere. Were still flat. Tracy we have in there and back again. It felt like a lot happened here. Alix it did. , andhappened with the s p then that rally . He stocks that led in decline were apple, amazon, baker of america and microsoft. Of the upside, the same stocks.
Sales. Matt miller has the latest on that data. Matt it is not good. Happy thanksgiving. The home sales data is not good. We were looking for a 1 gain. We got 2 10 of 1 gain. If you look the nonseasonally adjusted your over your number, we were looking for 4. 3 and got 2. 1 . Thanwor much worse the survey at bloomberg. Let us look at the equity index. We saw very little change this morning. We are seeing red arrows across the board. Still really little change. 3. 5s p 500 down about points. The Dow Jones Industrial average around 23 point 25 points. As you can see, the winners and losers. Health care is down with Consumer Discretionary down. You can see utilities and energy and i. T. Are gainers after its an interesting case are considering we had the biggest shopping weekend of the year. Let us take a look at some of the commodities. We see bounces and commodities to finish up the month of november. It has been a bad month. Here you see new york crude down 8. 25 . Little bit today, bu
Thats right. Several sessions adding points and adding eight. Talking about the effect of the stimulus and people at the same time talking about as a currency race to the bottom. Round number five or six i think we are on. Expiration day, too. May be complications. Art cashin saying the bias so far to the upside and could change. The dow up half a percent and the s p 500 sitting at a level unbelievable, 2061. A lot of forecasts coming into the year closing at 2014 was aggressive. Now the nasdaq up about 9 and underperformer on the session hovering around 4711. Less than 300 points away from nasdaq 5000, too. Getting there. Lets talk about it in the closing bell exchange. With us this friday, hank smith, john wilson, peter chicini, christine short and rick s santelli in chicago. The sugar rush didnt last long for the markets. What happened, do you think . Well, you know, first of all, keep in mind, we have had a sugar rush going on and we pretty much cut the pattern with regard to quant
Im francine lacqua. Coming up super bowl scandal. An ad vert that is stirring up a storm. H m is gunning for a touchdown. We will see if the new David Beckham campaign will help the retailer. Buyingfed trimmed bond segue. If you have a good way so the fed is pushing global stocks lower. To break it down, lets bring in manus cranny and jonathan ferro. A statement. The statement focuses on the labor market. Its mixed, ok . And growth has picked up. It is the first nonconsenting Federal Reserve. I think that is important. This is a Federal Reserve thta at going into the tenure of janet yellen and the potential to step back from tapering. Its pretty darn high. The view from citigroup is that hasta la vista, baby. That is what the fed is saying to emerging markets. Excuse the pun. I liked it. Worry about yourself. It makes sense. That is what the mandate of the centralbank is. Emerging markets not too happy. Manus talking about the unanimous decision. At this point, you have to say points t