it is 5:00 a.m. here at cnbc global headquarters. here is your "five@5." the dow topping 37,000 for the first time ever. the rally is spreading to markets around the world. plus, the powell pivot. the impact of the fed holding rates steady and forecast of three rate cuts next year and the dovish tone. bond traders taking that tone to heart sending trading fresh to six-month lows. shares of adobe are sliding

on a weaker than expected forecast for 2024. our next guest says there are still reasons to stick with that stock. later in the show, warren buffett showing more love for one oil driller. it's thursday, december 14th, 2 2023. you are watching "worldwide exchange" here on cnbc. good morning. welcome to "worldwide exchange." i'm frank holland. we kickoff with the check of the u.s. stock futures. the s&p is up .25%. the nasdaq is up .25%. the dow is the big story. it is up 62 points in the pre-market following a fresh record high for the close yesterday. this rally in the pre-market follows, of course, the broad-based rally yesterday with all of the major averages jumping more than 1%.

37,000 is where the dow closed y yesterday. the fed set to an dsignal i could ease policy next year. >> we add the word any as an acknowledgment that we are likely at or near the peek rate for this cycle. >> we are aware of the risk that we would hang on too long. we know that is a risk and we're very focused on not making that mistake. >> on that decision and that tone, we're seeing a drop in treasury yields with the t two-year note coming off the drop since the svb in march. the ten-year yield is ten points

lower than the open yesterday. oil prices this morning. brent crude trading at 75. it is up this morning. brent crude trading at $75.70. up 2%. lowest level since june. looking around the world. we have jp ong in singapore and joumanna bercetche in the london newsroom. jp, let's start off with you. >> good morning, frank. we did see markets react to the dovish tilt by the federal reserve. especially for the potential for rate cuts next year. we saw this play out across the fx space with the dollar index st taking a step back. the yen and yuan trading against

the greenback. look at the chinese onshore and offshore. yuan traded hours or at the same time when jay powell made the statement with regards to the decision. it gave them more time to react before the yuan. it wasn't as reactive to the dovish comments. a little bit more complicated and not as smooth with the foreign exchange paspace. look at the japanese yen. you see that on the knee nikkei which closed in the red. the kospi in seoul gained ground in the session. look at the chinese stocks. they did not take confidence from the decision because there may be more concerns closer to home. chinese yuan loans for the month of november came in below

expectations and also raised concerns about slowing economic growth in china and also slowing consumer sentiment which caused the shanghai board to close in the red in the afternoon session giving back many of the morning gains. we were rating for the hang seng. we saw the wobbling in the afternoon session. take a look at the hang seng mainland banking which is listed in hong kong as well. it closedslightly in the green. it spent most of the afternoon trading lower intraday because of the concerns raised by the sluggish yuan loans data it recorded. markets mostly reacted positively to the fmoc decision. concerns closer to home on the chinese market sentiment.

good morning. >> jp ong wrapping up the asian markets. let's go to joumanna bercetche. >> good morning, frank. it is green across the european board. strong open for the stoxx 600. we opened up 1%. we have been trading firmly ever since. of course, it is not about the fed pivot yesterday. we have a bunch of central bank meetings today. ecb and bank of england as well. the expectation is for them not to make any major changes on the interest rates. the language is going to be key. in terms of the market reaction, ftse 100 is up 1.9%. a nice bounce in basic resources. cac 40 and dax, i want to draw your attention to, with the all-time highs. not just the dow. we have our all-time highs. cac 40 is up 1.1%. the dax is up .70%. not just those two central banks, but the swiss national

bank come out with the decision this morning. they kept rates unchanged, but slashed inflation forecast. dovishness coming through there. the smi index in switzerland is up .80%. we are broken down here with sectors. you see a huge rally in basic resources up 4%. the sector that is stealing attention this morning is real estate. up 5.8%. no surprise there, frank. we are seeing a rally in bond yields. t t t ten-year bund continues to rally. this is positive for the real estate sector. insurance is the relative under performer down .40%. you have to think about it in the context of the liabilities as rates go down. finally, media coming under pressure today down .20%. we are looking at a very strong session for the stoxx 600. all of that, of course, may change in a couple of hours with the ecb decision. >> big week for central banks.

joumanna bercetche in the london newsroom tracking the european rally. thank you. let's get more reaction to the dovish pivot. jeremy schwartz is here with me. good morning. >> thank you, frank. >> jeremy, i think i have two big questions for you. first, you believe we're on track for a soft landing and does this dovish ztone set us u? >> it is a worry of too sticky and we have a stop and go policy. we were worried they would have the false narrative of that. that lowered the risk dramatically. we're not fully out of the woods of potential recession next year. if we came into the meeting saying it is 50/50, we're lowering probability of recession. now we're saying a higher chance of the soft landing.

yes, one of the big risks for the market next year came off the table. the fed is showing flexibility. >> you are seeing less risk in the market right now. i want to ask about the risk-free part of the market. the bond market. jeff gundlach was on yesterday. he believes there will be a rally in the bond mark next year. take a listen. >> i would guess we see the ten-year treasury yields in the low threes next year. that is consistent with the fed cutting 200 basis points or more next year. >> jeff gundlach saying if the fed cuts 200 basis poibnts or more, then it sparks the rally. do you agree or disagree with the thesis? >> we see inflation trending well. i'm not sure we think it is close to 3%.

we think it will go to 4%. a lot of the moves in the long bond has already happened and been priced in. one of the big things that factored rates is the rise in correlation with the stocks and bonds. you saw a big rally in both yesterday. that means people cannot look at bonds any more as a risk asset and insurance protection for stocks. they need more compensation for bonds so the true natural risk-free rate can go up. they were a perfect hedge to stocks. now we think 4% may be a more natural number. fed fund rate down 3.5% and ten-year rate at 4%. >> agree in principle. i know you are looking for opportunities in small caps in the market right now. why is right now the time in your mind to get into the small

caps? >> you look at the s&p 20 times earnings with 5% earnings yield. big tech is 28 times earnings. dividends are growing hnicely. dividends up 4% on the russell 2000. we look at one of the small cap quality at 11 times earnings versus 27 for big tech. we think the fed is taking that risk off the table. they are benefitting the most from lower recession risk and lower cost of financing with lower rates. we like small caps. >> jeremy schwartz of wisdom tree, thank you. >> thanks, frank. more to come on "worldwide exchange," and the one word that investors have to know today. first, warren buffett's love for one oil driller showing no signs of easing up. shares of adobe are sliding, but you should still stick with

the stock. and the federal reserve is not the only central bank in town. we get said for super thursday in europe. we have a very busy hour still ahead when "worldwide exchange" returns.

time for the check of the top corporate stories with silvana henao. silvana. >> good morning, frank. berkshire buying more shares of

occidental this week. the s.e.c. filing shows berkshire purchased more than 10 million shares over the past three days. it paid an average price of $56 a share. berkshire now owns a 27% stake in occidental or more than 238 million shares worth $13.6 billion. medtronic says the fda approves the pump system for two heart conditions. the technology can now be used for two versions of an irregular and rapid heart beat. medtronic says the system will be available for commercial use early next year. general motors robotaxi unit dismissed nine key leaders in the wake of several safety investigations. those were sparked by a crash in

october in san francisco which injured a pedestrian in california and it suspended the license to operate in the state. among those being dismissed, the heads of cruise's legal government affairs and commercial operations and safety and systems departments and cruise co-founder who resigned last month. >> a rocky road to autonomous driving. fits and starts. it will come one day. >> it will. i don't know when, but it is still a scary thought. >> silvana, thank you. turning attention to one of your big money movers. adobe. shares looking to extend yesterday's losses after the company issued a better than expected forecast for 2024. it is is looking at spending and focused on closing the $20 billion acquisition of figma. despite the move lower, adobe

grew 12% and net income 32%. the ceo stated that was all over optimism over artificial intelligence while speaking with jim cramer last night. >> i think the a.i. is the profound impact to enable people to be more productive. i believe people who use a.i. will replace people who don't use a.i. as opposed to computers replacing a.i. i'm not one who believes in that. >> let's talk more about this with brian schwartz, managing director at oppenheimer. brian, thank you for being here. >> good morning, frank. >> adobe shares lower in the pre-market on the weaker than expected guidance. what did you see in the report yesterday and what is your price target and rating? >> frank, there are results and there is investor expectations. sometimes, you get very strong

results, but they just don't meet the investor expectation. that is what happened with adobe last night. you had a business here where they beat the bookings guidance by 8% and all of last year, they beat by 11%. investors were looking for a key metric which is net new digital arr of $2 million. instead, adobe management died guided to 1.9 illion. it made the pull case harder to defend. you need 21% of upside to reach the $2.3 billion number where last year the offset was 16%. there is the 5%. that's why that stock is retreating this morning. >> quickly, your price target on

rating? >> we have a buy rating on it. $660. we think that can achieve that over the next 12 months. >> you are bullish than the street. i want to focus on the net new digital aar. the guidance was down 1% year over year. i want to ask you that you said results over the aar is lower as adobe is in the subscription base model. people are not renewing subscriptions or not growing subscriptions? >> that's a good question, frank. there was a lot of noise in the number last night. in the year ago period, q4, adobe instituted two price increases in the middle of last year. this year, they had not instituted a price increase. they just instituted one with one month left in the quarter. when you net out the impact of

pricing and also currency, that number the actually grew organically. that headwind will start to fade over the next couple quarters. there weas a lot of noise and te street got ahead of themselves in modelling that number. >> adobe said it is focused on closing the figma deal. shares are up since the an annou announcement. now people seem to be on board. .us that deal have the same significant following the emerge us of a.i.? it was supposed to help maximize products. is what that a.i. is going to do? >> it's a good question. it probably has less of an importance because you have the new growth lever for the business with a.i. figma is going after a different category for adobe. figma is the best in class product for in-product document design and geared toward

enterprise and a.i. i.t. develo. adobe is geared to the individual user and small business. this was a new category. it is an opportunity for adobe to sign up new users. to your question, yes, there is a little less necessity of figma out there. investors would love for them to not close the deal. >> it is also being looked at by regulators. brian schwartz, thank you for being here. >> thanks, frank. coming up on "worldwide exchange," we check on the rate i freight and we will hear how a.i.s reshaping how they do business. stay with us. ♪

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welcome back to "worldwide exchange." we're less than two weeks away from christmas and what is set to be a record holiday shopping season. the retail federation forecast a

3% to 4% increase in november. the nrf adds online shopping is the biggest shift in consumer behavior since the pandemic. ecommerce sales are expected to rise 7% to 9%. joining when is adam baker who is with amazon. adam, you are in the facility with the vest on and everything. >> thank you. >> we gave everybody your title. you help us get your packages. give us a sense. what do you see with this holiday season? how does it differ from the pandemic? >> this has been a record-breaking holiday season for us. the 11 days leading up to and including cyber monday, we sold over 1 billion units worldwide. on black friday alone, we sold 1,000 items a second in the u.s. none of that is possible without the employes we have doing

amazing work throughout the facilities. to prepare for this, we hired 250,000 employees who work in our facilities worldwide to ensure we deliver smiles for our customers. >> i want to talk about one thing. a.i. with logistics and package delivery. amazon and u.p.s. has used it for years. is it different in the way you use it? >> we use a.i. in our delivery units, but inside our fulfillment centers and sort centers to make the systems work well together. a.i. in the delivery specifics, we take all of the orders throughout the night and throughout the time our driver goes out to the road and we group all those packages into logical routing which splitting or combining as needed. our a.i. kicks in when we have

the delivery routes active. they run into weather or a traffic jam, a.i. systems in the background are rerouting the driver and providing them an alternate way to deliver the packages on time and adjusting the final package. >> you are hitting us with science. this holiday season, can we continue to expect to get prime two-day or same-day as we do during the rest of the year? what is the cut off? we had courteney speak about that. >> we provide one day and in the case of this facility, three-to-five hours. you are shop through the holiday season, including the deliveries on christmas eve, a sunday. this is a great opportunity for all customers to be able to, even if you are last minute, you can get packages on sunday for delivery on the 24th. >> i can get same-day on sunday

or do i order on saturday for the sunday delivery? >> same-day if the product is available if a facility like this and it will arrive in three-to-five hours. >> for you procrastinators, you can go to amazon until up to two days before christmas. adam, thank you. >> thank you for having me. coming up on "worldwide exchange," the fed may be forecasting three rate cuts in the year ahead, but goldman sachs is taking it one step further. we'll be right back with much more. meet gold bond daily healing. a powerhouse lotion that moisturizes, heals, and smooths dry skin. with 7 moisturizers & 3 vitamins. and... new gold bond healing sensitive. clinically shown to heal & moisturize dry, sensitive skin.

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i'm a little anxious, i'm a little excited. i'm gonna be emotional, she's gonna be emotional, but it's gonna be so worth it. i love that i can give back to one of our customers. i hope you enjoy these amazing gifts. oh my goodness. oh, you guys. i know you like wrestling, so we got you some vip tickets. you have made an impact. so have you. for you guys to be out here doing something like this, it restores a lot of faith in humanity.

it's 5:30 a.m. in the new york city area. there is more ahead here on "worldwide exchange." here's what's on deck, setting the stage for rate cuts. the federal reserve is giving the biggest signal yet that the policy tightening is over. the pivot by the central bank causing a rally on wall street. it is not just the fed as we he await policy decisions from central banks on this super thursday. it is thursday, december 14th, 2023. you are watching "worldwide exchange" on cnbc.

welcome back to "worldwide exchange." i'm hollafrank holland. we start with the fed fuel rally that pushed the dow to an all-time high. the dpow would open up at a new high. the s&p and nasdaq hitting their highs of the morning. we are also seeing a rally overseas under way in europe. joumanna bercetche mentioned earlier that the stoxx 600 hit a new record high. across the board, we are seeing indices higher. ftse 100 is up 2.25% right now. all this market action after chairman jay powell and the fmoc decided to hold the fed funds rate study at a 22-year high and signaling it could begin easing policy next year. more on that in a moment. let's check the bond mooarket. the two-year coming off the biggest single day drop since the svb in march.

it fell 40 basis points. we have to look at the benchmark ten-year yield. a drop of 30 basis points. the long bond is lower. let's check the oil market. look here at the rally. wti is $7.75 a barrel. brent crude is up 2%. similar story for both of the benchmarks with oil. that is the money set up. let's get back to the fed and its decision to hold rates steady for the third meeting in a row and the start of a pif on t the pivot. powell did not rule out any cuts. >> we are near the peak rate.

>> this signals what jeff gundlach said yesterday on cnbc. >> it is dovish. the word of the day is any. the last word was careful. he said that multiple times last meeting. the market likes that. it respected the fact the curve is inverted and economy slowed down. that word "any" did not have to be invseinserted. the fed inserted that because i believe it believes it's done. >> a new note from goldman sachs this morning is taking that outlook a step further. forecasting three straight rate cuts starting in march and one cut with the quarter ending with the target rate of 3.25% and 3.5%. joining me now is the chief economics correspondent at "the wall street journal." thank you for joining us, nick. >> thank you, frank. >> you were in the room.

you asked jay powell one of the most poignant questions. he was thoughtful about his answer. i want your reaction. you asked if he was comfortable if the market was believing the fed fund rate would be 1% lower next year. what did you think? >> i thought it was important for him to have a chance to push back against what happened in the markets. he did not take the opportunity much to push back against the cuts which have been priced in. you see more cuts priced in this morning. i think the big development yesterday was he really at 8:30 with the pce inflation report for november which came out of the cpi and ppi. you get six-minute annual inflation rate at 2% or below 2%. they picked up on that notably.

if you are running six-month annualized inflation at 2% and your policy rate is $ 5.38%, its possible you have gone too far and you have to correct. i think we saw that yesterday. >> in the statement and dot plot and everything else, are we pivoting? jay powell tried to hold out a sense they would be quote/unquote data driven. are we officially in a pivot? >> this was the beginning of the pivot. i don't think you could say they are going to hike again although they held on to a weak tig tightening statement. it felt stale as soon as the conference charted. the chair came out and said they begun preliminary discussions

around rate cuts. he did not push the idea over the debate of whether or not to hike again. they clearly wanted to retain that option. they don't want to have something happen and a shock hit the economy and they have to come in and say we never promised we are done. when you are talking about rate cuts and putting them in the s&p and talking aboutconference, th is a cut. >> you are mentioning a shock to the economy. something to threaten a soft landing that we're on pace for. i want to ask about super thursday. central banks in europe making the decisions. does that factor into the fed decision going forward as they look at next year's meetings? >> i don't think what other central banks are doing is going to factor into what the fed is doing. i think what is happening with inflation in other countries is certainly something you will

take note of. you look at core hicp in europe, it has come down notably in the last three months. this is not just a u.s. story where you had the so-called immaculate disinflation. the fed has expected for a long time that inflation would come down without a huge increase in the unemployment rate. i refer to that six-month annualized inflation rate for november pce of 2%. the last few times jay powell has spoken, he referenced six-month annualized inflation rates. that's because so much of the progress of the decline in inflation has come over the last six months. it is interesting to me he did not do that yesterday. he noted they think they will be 3.1% on the pce on the 12-month basis. he did not mention the six-month annualized rate. that is because it made such striking progress.

it would have been dovish to say we may have been undershooting our inflation target on the six-month basis. >> nick is agreeing with the consensus. nick, great to you have here. thank you for your time. >> thanks for having me. as we mentioned, it is not just the fed. several key central banks in europe handing down policy decisions today on what is called super thursday. joumanna bercetche is back with more. joumanna. >> frank, you said it. super thursday for central banks in europe. we have already had two rate decisions this morning. starting off with norway's central bank which surprised. they hiked by 25 basis points. a surprise to the market there. of course, you are seeing the reaction in the norwegian krona. another central bank that made a decision is the swiss national bank. they held rates steady and slashed the inflation forecast.

i spoke to the chairman to talk through the decision and why they kept rates steady. coming up next is the bank of england. they are expected to keep the rates on hold as the focus turns to easing next year. traders are pricing in 120 basis points of cuts by the end of 2024. frank, we had disappointing gdp data, but still sitting at 7.2%. still firm from the inflation back drop. the big one, ecb watchers are looking for when that central bank will cut in the new year. deutsche bank puts expectations for rates at 2.5% by the end of 2024. that is lower than the current 4%. it indicates the ecb headline inflation print came in at 2.4%. there is a lot of cover for them to sound dovish if they want to sound dovish. that is a big question for

investors when the meeting does happen in a couple of hours time. a busy day here in europe. >> busy day in europe. rally here in the u.s. we will continue to watch. joumanna bercetche in the london news room. thank you very much. coming up here on "worldwide exchange," berkshire hathaway is making a big bet on an oil drill er. first, the trending stories. elon musk is planning to create a university in austin. it will feature hands-on learning and pay studies and design projects and labs. vodvodka, doughnuts and a s of fries. those are the most ordered food items on doordash. fries took first place, but other popular pairings include hot sauce and cinnamon twists and fries and chili. s also, the sticky part of

inflation may be coming down. the median rent in manhattan falling 2% in november. the new report by miller is showing it is down from 495 as demand for new york city apartments fades. more "worldwide exchange" coming up after this.

welcome back to "worldwide exchange." we start with the cal sheet with bank of america raising the call sheet to 435 per share. shares of microsoft are up a quarter of a percent in the pre-market. stifel calling the uggs to hold. those shares unchanged. morgan stanley moving livenation to overweight. citing the under performance by the stock. shares of livenation are flat right now. it is time for the global

briefing. we start with china scra scrambling fighter jets which is raising the tensions on the peninsula. the move is a routine activity and adding in line with the international law. temu filing a lawsuit against shein of infringing on the intellectual property rights and other moves to halt temu's growth in the u.s. tesla is reportedly looking for a government affairs specialist over spreading strikes in nordic countries. a company job posting is looking for a proven track record of getting regulatory changes made in that region. coming up on "worldwide exchange," one word every investor needs to know today and the central bank's mindset and

what it means for" the new yea if you miss us on "worldwide exchange," you can check us out on your favorite podcast apps. more "wex" coming up after this. things will go wrong for your customers. but your business can make it right, with watsonx assistant. ai that can help resolve problems by understanding your customer requests with 90 percent accuracy. let's create customer service in service of customers, with watsonx assistant. ibm. let's create.

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swing by to see one more customer... [audience cheering] and really get down to business. go national. go like a pro. welcome back to "worldwide exchange." time for the "wex wrap-up." warren buffett buying shares of occidental petroleum raising it's stake to $25 billion. and adobe reporting a revenue growth of 10%. general motors letting go of

key employees following an accident in october. new leadership is necessary to regain the trust of the customers. and the iea says growth oil demand slowed in the fourth quarter by 400,000 barrels a day. it adds countries outside opec plus have enough supply to meet consumption growth. fda reports that medtronic gets approval for the heart de device. the system is set to begin early next year. and fresh off "barbie," paramount is working for the "american girl" film. and here are things to watch for the day. we get earnings from costco and lennar and we have more policy

decisions from the central bank with the ecb decision out at 8:15 a.m. and followed by the press aconference from lagchris lag lagarde. let's get the latest on the market. the dow is hitting the highs of the morning up 111 points in the pre-market. for more, let's bring in bill veruth. good morning. great to see you. >> great to be with you. great to join you. >> after the dow hit a new record closing above 37,000, how do you see this day shaping up? what is the wex word of the day? >> we are getting a breakout record in the dow. i'm a futures trader as you know with the equity portfolios, but the interesting thing this week

is the quadruple move which is higher which is a premium to the price. it has the nasdaq futures breaking out to new record highs today. the s&p futures are within 1% of record highs today. it is a big day. this could feed on itself. i don't see a reason for the market to fall off. there has been post-fed reaction which reversed. a lot of data is coming today from the central banks. you have to stay nimble. this looks pretty good in the christmas rally which may have just begun because of the word of the day which is pivot. this is the actual pivot from the fed. what we saw from fed chair powell marks the beginning of the pivot. >> you got us there. wex word of the day is pivot. with that in mind, we see the bond mark wiet with a rally.

the two-year yield down 40 basis points from yesterday. the lower yields, does that change your view? bonds were giving stocks a lot of competition. >> it doesn't change my view. i have been a bull in the stock market all year long. one thing we put out and to all our clients heading into the third quarter was the editorial called economic wisdom of change. calling for the data to slow down from november to december and may drag into january. you know, we have shifted as a country. we don't go to the mall and spend. the holiday season is different from a decade or two. we hunker down. we are starting to see less spending. there are other tailwinds bringing down inflation. this really is opening the door for the fed to pivot. when it comes to rates, in that article we wrote in qq3, the

curve is able to steepen. that is what i look for in the new year. can the curve steepen? that is something that will start to mark. what worries me is the data slowing heading into january, but the curve steepens. >> i want to focus on the day ahead, bill. as we he look at the day ahead, the dow is set to open at a new record high. where do you put money to work today? >> it's tough to say. one thing that my theme is for next year is we have been overweight in the equity portfolio. 50% in tech. my goal has been to shift out of some of the tech and start to move into healthcare and banks and industrials. there are really great buys out there. i've been noting bank of america

that i want to add now we are seeing more strength. i won't have a chance to buy lower. there are really great industrials. we concentrated our industrial exposure to caterpillar and westinghouse. i think there is a big tailwind there. caterpillar is a name everybody knows. one on my buy list is pwr. i'm looking at increasing e exposure to healthcare. abbvie. these are not things we are looking to do today, but into quarter four. on the other side, commodities with future dollar weakness with rates coming down. retail gold after the blowout record highs a week ago. gold and silver with strength. copper and platinum.

we continue to hesee the dollar weaken. that is something that we need to keep a close eye on. >> one thing we had a guest talk about earlier today is small caps looking attractive. you are looking at a weaker dollar. how does that form your view? do you believe they are more attractive? >> i believe small caps are more attractive. quantitative services is not quite a small cap. there is a ticker symbol f-i-x which is a small-cap sdindustri. that is the name that looks terrific. i think the small caps are something you have to keep on your radar. in our portfolio, we have a passive bucket. we are overweight on the s&p small caps. >> bill, we have to leave the conversation there. mega cap tech and industrials.

thank you very much for being here. thank you for watching. agn,heoweto ent ai t d s top aa record high. "squawk box" is coming up next.

good morning. the dow topping 37,000 for the first time. this after the fed pencilled in several rate cuts for next year and relatively explicit about it. we will have analysis straight ahead. attention turning to the bank of england and ecb. both set to announce rate decisions this morning. we'll talk about it and bring you the news. adobe shares are dropping after the company's guidance saying the boost from a.i. may take longer than expected. it is thursday, december

14th, 2023. "squawk box" begins right now. good morning. welcome to "squawk box" here on cnbc. we are live from the nasdaq market site in times square. i'm bertha coom i'm becky quick along with andrew ross sorkin and mike santoli. joe is out today. let's look at what is happening with the u.s. equities at this hour. you will see the dow is indicated up by triple digits. a gain of 105 after all of the gains yesterday. s&p indicate up 13. nasdaq indicated up by 67. that comes after the dow jumped to the record in yesterday's session. up 512 points for a gain of 1.4%. s&