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Technology sector rebounded. The blue chip dow index to 18,923. The nasdaq rose 57, and the s p 500 gained 16. Since the election, the best performing sector has been the financials. The rally in this group continue . Bob pisani takes a look. Reporter financials have been on fire since the election, but the rally is losing steam and with good reason. The Biggest Bank Stocks up almost 15 since the election. Morgan stanley, goldman sachs, all hit 52week highs. Its going to be tougher to get those gains from here. The s p Financial Sector trading almost 20 above its 200day moving average. That almost never happens. And its highly Unlikely Bank stocks will keep rising until we get more information on what the Trump Administration plans to do. So banks have b ....
Technology sector rebounded. The blue chip dow index to 18,923. The nasdaq rose 57, and the s p 500 gained 16. Since the elelection, the bt performing sector has been the financials. The rally in this group continue . Bob pisani takes a look. Reporter financials have been on fire since the election, but the rally is losing steam and with good reason. The Biggest Bank Stocks up almost 15 since the election. Morgan stanley, goldman sachs, all hit 52week highs. Its going to be tougher to get those gains from here. The s p Financial Sector trading almost 20 above its 200day moving average. That almost never happens. And its highly Unlikely Bank stocks will keep rising until we get more information on what the Trump Administration plans to do. So banks have b ....
Retailer tesco to announce it overstated profits by over 400 million. The g20 finance ministers are wrapping up meetings in australia saying they are close to adding an extra 2 trillion to the economy, but the group is warning that europes slowdown remains a major stumbling block. And it is playing out if we take at what is happening with the u. S. Equity futures. Right now the dow futures are down by 28 points below fair value. The s p futures are up by 7 points. Although, andrew, this is an improvement from earlier this morning. Yes, it is. Thank you for that. As joe was telling us, it is a merger monday. Its already shaping up to be a busy monday for deals. Just crossing the tape this morning, germanys merck buying sigmaaldrich. That company is valued at 17 billion. Thats a huge deal. We have both executives from both companies to join us first right here on cnbc and well have that interview at 6 40 a. M. Eastern time. Also, it is official, siemens is buying u. S. Oil field maker dr ....
Olympics now just days away. Russian police have ended a Deadly School siege in moscow. They captured an armed student who was accused of killing two people and holding other students hostage. The school is in the north end of moscow. Interior Ministry Spokespersons say the gunmen held more than 20 students captive at one point. They say he shot and killed a teacher and a Police Officer who worked as a guard. Russian news agency rt reports that all schools in the country have had armed guards since the 2004 terrorist attack on a school in north ossetia. Security forces in moscow and across russia are on high alert ahead of the olympics and the black sea resort city of sochi. The Opening Ceremony for the winter games is on friday. Officials in thailand are c ....
The Unemployment Rate held steady at 5. 8 . Economic data here in the u. S. 8 30 we have retail sales. I will be watching that. Initial jobless claims, the weekly number on the jobless claims. Comfortnsumer index. Earnings before the bell, lululemon, scarlet, did they ever fix the pants . Bring me up to date. They did. And they made comments that were not flattering, so people kind of moved on. Do you wear lululemon . I have a couple of pairs. I have them in distress. Who are you wearing this morning . This is karen millen. I think she is british. I cannot keep up with you guys. And you your alpaca with your british designers. Bushe Herbert Walker turning 90 years old today, tom. That is really something. This is bush sr. , of course, one of the euros of midway. Iconic image of the submarine pulling up and literally pulling the young bush out of the water. Happy birthday, ....