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The dow had been up about 1. 6 , on pace for its best day of the year, nonetheless up 1. 2 now. 500 up a 10th of a percent, both indexes with record highs. Yesterday,down 1. 3 rebounding nicely today as investors are buying mthe dip on the confidence of the mentality that we have seen some much this year. Take a look at the dow. Something else happening. Earlier, when it was up 1. 6 , and it had been the best day of the year, at this point the secondbest extending all the way back to february. After the election we had lots of big rally days, that was one of those days. A very strong day for the doubt and again of the five days in a row. And lets take a look at some of the stocks helping the s p 500. Kroger up 7. 5 . Earlier, up more than 10 . Their best day since 1993. Very positive. They put up a Strong Quarter and they beat earnings by 11 and comps rose. Everybody thought that kroger would be decimated by amazon, but they are d ....
As we can see the renewed theme of rotation, rotation out of technology and into financials and industrials, for example, evidence in the dow. S p 500 in the middle, up. 5 , so benefiting by the surge we have seen in stocks related to the tax cuts passed over the weekend. Another way to look at the weakness we have seen with technology in this chart, looking at the percentage of members of Different Industries with 14 day relative strength index above 70. In other words, are we seeing them overbought at these levels . Look at the s p 500 in blue, the percentage going up even as techs have been going down. Indicator forum this group relative to the broader market, that it has been weakening versus the broader market. On the subject of rotation, if you look at some of the weakest names today, they are in the top 10 performers in the s p 500 this year. Align technology, maker of the invisible line braces alternative, we have ma ....
Trudeau canceled the joint media availability in beijing with each leader making a brief statement and taking no questions. U. K. Prime minister theresa may says she is confident of a positive outcome when she meets with eu officials this week. May spoke at a joint News Conference with Jeanclaude Juncker today. Clear, crucially, that we want to move forward together. On a couple of issues, some differences remain that require further negotiations and consultation. Continue, but we will reconvene before the end of the week and i am also confident that we will conclude this positively. May spend after they failed to reach an agreement to move the next stage of brexit negotiations. Whator Sticking Point is happens to the irish border when Northern Ireland leads ....
Technology specifically. We have investors and traders coming back and attack after that rotation out of it, a couple of times notably in the past week, most recently yesterday. The dow, not much changed, hitting a bit lower. Thats a different picture than we saw yesterday. Heres another way to look at it. You can look at it as value versus growth in this market. Heres a way to compare. The s p 500 pure value index and the pure growth index. In the gap between the two in terms of their percentage performance. And what we saw yesterday was the gap between the two, value beating growth by the most since the election. Its come down a little bit today, but still beating it by a fairly wide margin. Since again reflective of this rotation that weve been seeing again out of technology and into financials has been the trade. In terms of other groups on the move today, we are watching telecom and a number of executives are presenting at ubs conference today. Sprint, one of the sprint comments c ....
333 with nine abstentions on that resolution. The crisis has left people dead 600,000 toand driven neighboring bangladesh. In a session that ran 20 minutes over its allotted hour, Supreme Court justices peppered both sides with questions and dropped each other as they debated whether a baker bakeries trumps of speech rights freedom of speech rights. Bakers firstthe amendment claims of artistic freedom against the antidiscrimination argument for the Colorado Commission and the gay couple of the baker turned away in 2012. This is bloomberg. Julia lives, in new york, im julia chesley. Joe im joe weisenthal. Julia the s p, a brief tech rally. Joe the question is a whatd you miss . Why the inclusion of the alternative minimum rate was going to leave many tax firms with higher bills. Conference,media Mark Thompson joins us. ....