And bob pisani at the New York Stock Exchange hey, robert. Hello there, old friend narrow trading range were down second day in a row, but a small trading range. 16 points in the s p 500, maybe 200 points in the Dow Jones Industrial average the nasdaq, though, is eking out small gains. The dow gainers for the month, theyre still the gainers for the day. Look at apple, look at nike, look at sisco, all up on the month. The laggards, its interesting, the ones that are down in the month of december also down today. Boeing had a tough month even disney. They topped out the beginning of december, 153 now, 143. Visa ending down today a little bit here that was a big mover all throughout the end of december the one sector i would point out to you is the Energy Sector. Oil exploration product up again today. And you know all of those really beaten up small Exploration Production companies, witing, southwestern, all terrible year, terrible three or four years since the tax law selling seemed to
For sirera iara eisen. What recession a better than expected jobs report started the morning with an optimistic tone china says it has reached a consensus with the u. S. In this weeks trade talks and exxon ticking higher along with industrials and financials. And in just a few minutes, the actor who plays logan roy on hbos secession will join us on the cutthroat world of media competition. Hes going to be right here at post 9 joining us for the hour is kara fineman. Here we are sitting basically at the highs of the session i found it really interesting that yesterday the markets got pretty derailed by worries that the trade talks werent going so well today we have an agreement of principle and we really didnt move so much we have that other data out today, so its hard to really parse what to me, this kind of day seemed pretty goldilocks. You had a really good jobs number in the morning, right you had progress on china. Although ive got to say, im skeptical on every update that we get a
Stocks have been driving all of that action within technology. Justiertodate, look at the lens of exchangetraded funds, the spdr, the s p, up 16 , very respectable and take a look at the tech sector spdr, xlk, 32 so a doug over its competitors within the market. Take a look also going all the way back to 2009 this was the last time that we saw this kind of outperformance by technology overall. That gap is just widening out as we see that performance. We took a look within the xlk, the spdr technology action, so we looked at stocks over 100 billion in market capitalization and have posted better than the index returns. Check this out nvidia no surprise there doubling so far this year. 129 billion company facebook, we talked about it earlier on the show. Up, a 526 billion and broadcom, 112 billion market cap. Everybody talks about apple all the time, nearly 900 billion of market cap 50 upside there and match the card 47 , its 160 billion company so a lot of names out there driving on the
Good thursday morning, welcome to squawk alley. Im Carl Quintanilla with john fortt. Julia boorstin joins us for the hour at post 9 sara eisen is off. A lot to watch today the dow breaking through 24,000, now up, intraday record and strong day for the nasdaq, too getting news john mccain is on board regarding the Senate Tax Bill of course, it is the last trading day of the month joining us, dan morgan, senior Portfolio Manager. Before that, elon with more on mccain senator john mccain is a yes on the tax reform bill he had been one of the key undecided votes on the republican tax plan, but he said in a Statement Today that though this is not perfect legislation, he does believe that it will grow the economy and add more money to the pockets of middle class families this is key for republicans. They also got a boost when Lisa Murkowski of alaska said she would support the bill, as well, so the only two vocal holdouts appear to be senator ron johnson and senator susan collins, so it look
Green, as the dow nears 24k. Well take a look at whats leading and bitcoin, well, guess what its seeing huge price swings. What is rocking that cryptocurrency and where will it be headed next amazon stock coming off the worst day in years, but the company, as you just heard, announcing a slew of new products and a plan to bring alexa into the workplace we are about 60 points from dow 24k. The blue chips and s p on track for an eighth consecutive monthly gain, heading into final trading session of the month, the dow leads the three major indices, up 2. 4 for for the month to date. Best gainers, walmarts up 12, nike, cisco, disney, depot its a good mixture i think a lot of it will affect some of this very good personal income, personal spending numbers, because youre hearing some major chains are people spent a lot of money it dovetails very well with what well talk about later, pvh, the strongest christmas in four years. Every one of those is also in some way or another shocking given t