doesn t add up about this suddenly hot stock and why he says retail traders are making a horrendous mistake a bitcoin bust, sharp selling in the last hour, the cryptocurrency down $2,000, briefly below $17,000. you see our bug on our screen by coinbase we start with the tax cuts wall street has been waiting for, despite a slight delay, the house has to vote again. the nasdaq 100 the biggest decliner with amazon, facebook, netflix, and google all sinking. will big tech be the loser when it comes to the seemingly imminent tax bill? big tech, you ve had a big run. whether it s microsoft, amazon, facebook, you name it. it doesn t hurt or help that we had some downgrades and some folks are talking a little more bearish about a name like facebook today it s understandable that some of the tech is pulling back you had intel screaming to the upside so is tech going to get slammed because of this? i don t think so they will probably be affected, certainly, but not as affected as
the s.e.c. halting trading on a small cap stock called crypto company. we got a breakdown on what to look for when considering stocks that are taking advantage of bitcoin mania. there are the four bitcoin prices there. all four of them. all in the red today, by the way. after the bell today, we have stitchfix reporting its first earnings since going public we re going to have a debate on whether this recent ipo is worth buying or not. we found a bull and a bear we could get the first earnings report of they list is always perhaps the volatile one. they already said what they think the numbers are go iing to be. right. looking forward to hearing from them later. breaking news out of washington right now, as the house votes to pass the tax bill ylan mui with the latest. reporter: we saw house republicans celebrating their victory here as they passed the tax bill out of their chamber. members of leadership were literally patti inting each othn the back, shaking h
yesterday, they were off the highs of the session this morning green arrows are indicated once again, but modest advances the doi ww was up by 10 1/2 poi, the nasdaq up by 3, the s&p up by 3 the gains have been significant this year. have we seen 71 days for the dow? 71 records. but 22,000 on the point 2,000 p before we got to the new year. i think i heard president trump say 85 that could have been from the election to the first of the year that s probably what it was. bitcoin today, did you see it? yes we should probably show that we show it every time. we will show it after the ten-year ten-year is back under 2.50 but it was above 2.50 at one point yesterday. the highest we ve seen since june or earlier. maybe april. you look at the ten-year note, yielding 2.486%. looking at bitcoin actually it s coming up a bit. some of the dbig stories there s bitcoin okay. it s not so we got our first christmas vacation vignette out of the way on the opening there
the oil markets. first, stocks kicking off the first trading day of the new year on a high note. and if the january effect plays out, today s gains could be a positive sign for 2018 bob pisani here with the story bob? reporter: yes, just a lot like 2017, some of the big names are moving today semiconductors doing well. lot of interest in that. we see retail stocks doing better we see energy doing better here s something curious, the banks are not participating in the rally. i find that interesting given that the ten year s been moving up utilities have have been a loser for a long time. that s no surprise here. look at some of the big banks. come over here citigroup here down 0.4% on very light volume most of the big banks, regionals in particular are down fractionally not a great month, frankly, if you want to look at january. we asked our friends to take a look at the last five or six years in january it tends to be a down month. nasdaq and the s&p and the dow industria
later on in the show, you won t want to miss it. first, the dow had a major milestone that even the president had something to say about. we did in fact break 25,000, very substantially break it, very easily. so i guess our new number is 30,000 but what it means is every time you see that number go up on wall street, it means jobs, it means success, it means 401(k) s that are flourishing it also means americans are getting richer from the stock market the s&p 500 opening the year with three straight record closes this is the first time that s happened since 1964. 54 years ago, for those keeping score. the dow and nasdaq on their own record-wreaki record-breaking rallies. could 2018 be better than 2017 how long can this euphoria on wall street last i remember 1964 like it was yesterday. it was yesterday for you. ha ha ha. ha ha ha. dow 25,000 is a big deal. why? people that typically won t be talking about the stock market are now talking about the stock market p