For the drop. The nasdaq 100 extended its 2020 rally. More now with abigail doolittle, our Bloomberg Markets reporter. L ofe been following al the action. What do you make of stocks rallying at the close . Abigail what an exhausting week. A mixed close on the week between different indexes, making it just as exhausting. All of the volatility tells you what we were talking about yesterday. The uncertainty out there. Theres the nasdaq 100 on the week. You can see the huge ups and downs. This tells you investors do not know what is going on. Between this month and last month, not a lot has changed fundamentally for these companies. Just technical movement, that in august. E had at this point, you do have the on thep investors up 2 nasdaq 100. The best week going back to august. Largely driven by apple having its best up week since august 21. From a also up sharply percentage standpoint. Apple, from a waiting standpoint, as you know, between those two companies in early 20 nasdaqsset 100 o
Third straight week. For more on wall streets move, we are joined by scarlett fu. Lets talk about how this happened. Ett we had quadruple witching. Options tied to indexes and stocks, that led to a pick up in volume. Then you had it falling below the trendline, where the average price over the past two and half months. The theme for today, as it has been for the rest of the week is the lingering disappointment that the fed did not give investors a prize that they have been positioning for. Recent winners, the tech, has been consistent laggards. They are the worst performing sectors this month, down 10 in september. Emily i do want to talk about oracle, tiktok, and this dramatic move by the u. S. Government to expel tiktok and wechat by the app stores. When did you what caught your eye . Scarlet what i found interesting was that even though it trended lower, volume in the stock is off the charts. It was about 26 million shares this week on average. That is up 86 from the first two weeks
Announcements . Clerk yes. Committee members will be in attendance and participate in the meeting as if they were physically present. Public comment will be available on each item on the agenda. Both channel 26 and sfgovtv. Org are streaming the number across the screen. Each speaker will be allowed two minutes to speak. Participate in Public Comment by calling 4156550001. The meeting i. D. Is 14674 1467489988. Press pound, and pound again. You will hear discussion and be muted, in listening mode only. Press starthree to be entered into the queue. When prompted, speak slowly and clearly and turn down your t. V. Or computer. Or, in the alternative, you may email me at erica. Major sf. Org. We are joined by interpreters who are interpreting in c cantonese and spanish. Supervisor haney thank you, madam clerk, will you please call the roll. [roll call] clerk you have a quorum. Mr. Chair, would you like to make a motion to excuse supervisor fewer from attendance . Supervisor haney yes, id l
The committee. Miss major, do you have any announcements . Clerk yes. Committee members will be in attendance and participate in the meeting as if they were physically present. Public comment will be available on each item on the agenda. Both channel 26 and sfgovtv. Org are streaming the number across the screen. Each speaker will be allowed two minutes to speak. Participate in Public Comment by calling 4156550001. The meeting i. D. Is 14674 1467489988. Press pound, and pound again. You will hear discussion and be muted, in listening mode only. Press starthree to be entered into the queue. When prompted, speak slowly and clearly and turn down your t. V. Or computer. Or, in the alternative, you may email me at erica. Major sf. Org. We are joined by interpreters who are interpreting in c cantonese and spanish. Supervisor haney thank you, madam clerk, will you please call the roll. [roll call] clerk you have a quorum. Mr. Chair, would you like to make a motion to excuse supervisor fewer f
Has confidentially filed to go despite the pandemic bringing travel to a near standstill earlier this year. Meantime, it is another story sending shockwaves through Silicon Valley. Later this hour the former ceo all of pinterest, Francoise Brougher, will join me for a discussion after suing the company for gender discrimination. But dan ives joins me now. Obviously a big day for apple today. We knew what is coming, but what is the significance of this to trillion dollar milestone . Dan it is a monumental achievement for apple. And i think it just shows these skeptics that three or four years ago that thought growth was over in cupertino, it proved them wrong again. Especially them hitting it before apple and amazon and others. I still think more bullishness ahead. Is up the only way to go . We are still facing a lot of Economic Uncertainty the second half of the year. Consumers not necessarily going to have stimulus checks in their pocket for discretionary spending. What does that mean