lately, the nasdaq 100, wow! i think they've killed it, right? e the s&p has managed to steadily climb hire hitting a brand new high today, but here's the thing, when garner looks at the chars she doesn't necessarily believe these two averages can keep moving in opposite directions. she's at odds with my view. check out this daily chart going back to october which shows the nasdaq 100 in red and the s&p in blue. the volatile boom and bust nature of the nas means it can be used as a leading indicator for less volatile like the s&p. her reasoning? she says overactive selling in the nasdaq has a trend enzi to drag down the s&p and the exuberance can pull the s&p higher eventually. for example, when the nasdaq 500 outperformed the s&p back in february that led to a terrific rally in the s&p over the next couple of months. s&p, blue, nasdaq, red. nasdaq soars and the s&p soars. of course, with the decline back in april the selling in the nasdaq 100 was a lot more severe, all right? look the at that, right some than in the s&p 500. i've told you my reas

i mean, take a look at dow and the nasdaq. the industrial average up over 100 points, has been for much of this day. the nasdaq is actually well off its low of the session. it was down 59 points at the low, so they are going in two different directions here, which is sort of it's not unprecedented but it is rare. >> we'll ask people about that. the industrials bounce back today and what appears to be a de-escalation in japan, letting putin claim he's pulling troops back from the border and is calling for a dialogue on the crisis. is the market reading this one correctly? and we've got jim brent coming up in the 4:00 hour. he's some of the guys that gmo have been saying if you want to wade into an area that's incredibly cheap albeit risky it's russia and gas prom. that trade paying off well today. we'll talk to him about that. >> the russian market up 6% today after mr. putin made those comments. another big day for the earnings. after the bell, stand by for tesla. they lead the pack of my profile stocks and among them momentum

liz: not so much for the nasdaq. let's go to nicole petroleum. floor of the new york stock exchange. nicole, a fall from grace for the social media names and that is sort of the big theme on the market from that end. >> we're looking at zynga, twitter, "candy crush," we had twitter lockup expiration, big move. 20% lower for groupon and king digital down 13%. david: we have another negative move. whole foods, we saw it coming yesterday after the bell, it was down 13%. it was much lower today. >> down 19%. we're talking about competitive situation and margins weaker. tesla is down 2 1/2%. we're waiting for that after the bell. liz: a quick note as we get close to the closing bell. the s&p 500 now hit its high of the session, slightly off of it for the moment. >> that is a great one to look at. [closing bell ringing] sectors, eight of the 10 were higher. let's not forget aol, down 20%. that's tough. david: getting killed. liz: bells ringing on wall street. some of us have whiplash seeing up and downs. dow jones industrials having a very nice day cons

if that were the equivalent on the dow, nasdaq leading the way. what's driving the action. >> been a solid day at nasdaq. steadily climbing higher. as soon as we were able to hold above the levels, the bulls were coming in. take a look at the apple stock, on fire today, trading at a 52-week high and above that all important $600 a share mark, the level that a lot of people look at and it is leading the nasdaq the most. economically want to mention the biotech stocks, talking about this group so much but if you take a look at what's happening, today biotechs are bouncing back, up 1.5%, we might be at the bottom of the biotech buzz so certainly something to keep your eye on. >> nasdaq may be in positive territory but legendary technical analyst ralph acampora has a sick feeling, got everybody's attention that you have a sick feeling about what's ahead for the stock market. >> ralph joins us now. >> do you feel the same today? >> today was a nice day, hope it's not a one-day wonder, had very nice days and what i need to see, kelly, bill, i need to se

and specifically to the nasdaq? , you know, if you look at the first nine months of last year, we were gaap profitable. so, you know, again, we deliberately made the choice to reinvest and making sure we capture the market share and the tremendous growth opportunities. >> but listing here in the u.s. and listing at the nasdaq specifically, do you think other chinese companies should make the same decision? >> well, definitely, it will raise the visibility of jd.com globally and certainly will also domestically in china. >> well, we wish you the best of luck, sidney. i know you guys have about 30 people from jd here in new york city throughout the weekend. so have fun celebrating, and thanks for joining us. >> thank you very much. sidney huang, the cfo of jd.com. back to you. >> all right, kayla, thank you so much. >>> when we come back, what does it look like to have a tennis ball coming at your face at 90 miles an hour? seeing through the eyes of roger federer thanks to google glass. >>> plus, a little throwback act

the nasdaq they have been holding up well. the important thing is the nasdaq is holding up well. mentioned alibaba. they are going to try to push through a few names. through may international the largest retail of beauty products. they are going to price thursday night for trading friday. you have new and used car with santa monica. th that will be thursday night. we'll keep an eye on that. the $1.8 billion offering for them. the nasdaq has been under perform performs he noted that there were 15 times in the past. three months later when that had happened, the s&p was up 4.4%. the russell out performed three months later and it did six months later in these periods where the s&p has not. this is not an indication but it is a good sign. let's move on and talk about oversees and what is happening there. chinese stocks. look at shanghai up 2%. we had the final day of voting yesterday. and those are opinion polls. take a look here in the united states. roughly $36.02 we see pinnacle up 15%. kellogg's up and right now the dow is at the high for the day. the nasdaq out performing. guys

see you in a little bit. >>> almost a 1.5% gain for the nasdaq. right now up about 57, almost 58 points on the trading session. seema mody is uptown, following the movers. >> good afternoon, sue. markets are in rally mode. the nasdaq is the clear outperformer, up about 57 points on the day. this has skeptics continue to stay on bubble watch. three specific sectors pushing the nasdaq higher. first internet stocks, bob was mentioning those as well. some of those large-cap names, google, yahoo, ebay, which have been under pressure, rebounding today, biotech also a sort of strepgt, though jpmorgan wrote that sentiment across the sector remains quite fragile, and an underwhelming first quarter earnings season. social media also a bright spot. twitter which has been under pressure as of late. its recent lockup expiration, today suntrust upgraded the stock to buy from neutral. also skm upgraded pandora. lastly, keep an eye on u.s. listed indian stocks. all higher across the board. we've been seeing a rally in indians stocks on the past couple months resul

liz: business leaders at the nasdaq. g at nasdaq with a nice day up 3/4 of 1%. nice gain for the russell 2000. let's get ready for the holiday weekend of the "after the bell" starts right now. david: time to break down all of this week's big market action. we have lance roberts,sga wealth management chief strategist. he will tell what the market needs to break out of the

>>> let's go to the nasdaq. owing the big movers for us on the nasdaq. >> good afternoon, sue. yeah, a big day for tech. we were talking about the s&p tech index at a 13.5-year high. that's one of the reasons the nasdaq is up on the day, up about 30 points. 0.7% on the day. pretty incredible just to see that snapback, given the volatility that we have seen in the tech index. now, in terms of where we're seeing the green, broadbased gains across the tech i decks. netapp is one to keep an eye on. it beat earnings estimates by 5 cents with fiscal fourth quarter profit of 84 cents per share, excluding certain items. another winner outside of tech is dollar tree. in fact, the best performing stock on the nasdaq 100. dollar tree, the discount store, first quarter profit rose 3.6%. and according to management, seasonal merchandise in candy among the leading categories. and lastly, a quick check on chinese e-commerce from jd.com which, of course, went public here on the nasdaq. ticker symbol jd. off of its highs, yet sti

we'll take a look across the nasdaq, the s&p 500 as well as the nasdaq off 1.4%, shedding 57 points, he lows, the s&p 500 off 16 points, 1867 is the level there. let's get straight to it with today's panel. joining me now is kathleen pelly from queen's ann gate capital manager, "shark tank" investor kevin ollie, sharon epperson and kate kelly and will grasso will join us in an hour or two when he's finished trading on the floor. kathleen, welcome. macro, geopolitics, going out on the lows of the session tid? what's responsible here for the jitters, do you think? >> when you look at some of the other macro assets, you didn't get the same kind of response you think you should have in a big selloff in stocks. gold was actually down on the day. treasury yields didn't move much, so it looked like it was something equity specific moving markets. >> hasn't raised your hackles too much. >> doesn't look like it's geopolitical? >> kate? >> isn't there a disconnect. i was just at the conference yesterday listening to a whole bunch of money managers including those who you know very well, and jon

the nasdaq's at its low of the day. the market's fading. what have they told you?ve been applying for a correction for quite some time and i still think especially looking at the nasdaq composite, we're looking at a topping pattern. it's going a little bit longer than seems likely. i still think that we're going see the dow and the s&p follow the nasdaq and russell 2,000 down. as long as i've been on stocks, i've been right on bonds. i think smart investors arealing to invest a return. >> it's safety in the mattress, so to speak you. 're leashing your money with the men who run the game. but if you had nerve enough, you had a 25% return on your apple position and double digit returns on sandisk and the like. so since january 1st it's become a bond of the stock not the stock bond market. >> back to you. >> near the day's low. right now it's down about 25 points. >>> next from the american dream of earning a college degree to the reality of finding a job in today's economy. what's in store for the class of 2014? we're going to talk to three people who are helping tod

the nasdaq is off by .5%. the typical correlations having been falling into place. >> a lousy 30-year auction today which sent yields skyrocketing. the 10 and 30. but that took its toll early on. we got to figure this out what this selling is about. >>> we are tracking two stocks that are nowhere near their all-time highs. tesla getting crushed today off almost 11% off earnings that were reported giving investors a reason to hit the brakes on this momentum stock. stabilizing a little bit today, it is up .5%. remember it lost 20% of its market cap yesterday. someone coming up on the program who says whole foods is still an incredible brand and the stock is a buy right now. >> bull and bear time on whole foods coming up. >>> break-up, breserkshire hathaway. warren buffett says no way. but it would unlock billions of dollars in shareholder value and release an avalanche of dividends. things we all love in this market right now. he will make the case that some shareholders in omaha were making to warren buffett him

the dow ended in the green up 32 points, while the nasdaq lost 17 and the s&p 2. gold and oil were nearly flat on the day. in earnings after hours: symantec reported a 14% jump as it cut costs. however, revenue dropped 7%. the stock inched up slightly after the close. grub hub profits more than tripled. the online delivery service recently went public. that stock rallied 1% after the bell. and, the federal government had a budget surplus in april of $114 billion. according to the congressional budget office. the biggest april gain since the financial meltdown. what's in store for the stock market on this friday? we turn to trader mark sebastian of the swan wealth advisers for some answers. mark lots of trouble in tech land right now. would you be a buyer of any of these stocks? > > i-- probably not. i think the tech sector and small cap got way ahead of itself in the back half of 2013 and early 14 and i still don't like a lot of what i'm seeing and if you look at the rvx and the vxn which is the vix of the russell and the vix of the nasdaq, they are still sky high

if you look at the nasdaq -- >> they were original valued. social media stocks in particular. >> kbre, but what's happened is some individual stocks here and there have been hammered to are fair enough reasons, valuations got carried away. the whole sector got dragged down with that. i think actually that story has gone too far. i think we can expect a rebound. if you look at the nasdaq sort of net overall positioning, it's down to minus 1.1 standard deviation. this is right down at the bottom end of the long-term range. i think that story has been kbrofr play overplayed. we've had a decent story from some of the giants. i think that can drive a strong rebound in the tech sector which has been oversold in the last couple of months. >> stay there. i have some other corporate stories we're following. the firm was issued a profit warning late wednesday, says it's going to raise 170 million pounds in emergency cash after slashing its operating profit forecast for the year. the new ceo has taken the helm. this news comes just days after that. >>> t

closing just shy of the 17 hub mark and the nasdaq up. make of it all, let's get right to it with our panel. joining me is our very own dominic chu, nathan bacharach and steve grasso will join us off the trading floor. dom, did traders think this was coming? >> it's interesting because we talk about all the geopolitical risks with the referendums and the ukraine and the tensions with russia and everything else. the economic data has been maybe questionable. you couldn't figure out what was going on. what's interesting about today's rally is that there has been so much skepticism overall about what's been happening with the market and all of a sudden you have a bit of a base, at least building with some of these stocks, the momentum names, the netflix and amazons. maybe there are buyers, not fundamental -- i'm not saying that there's a fundamental case to boy the stocks what. i'm hearing from traders is if you find a solid base for some of these names that have been beaten down so hard over the past few weeks that it might provide a little

the s&p over 3.5 points and the nasdaq up over 7. the ten-year note, the yield has picked up as prices come down. yield is sitting at 2.641%. and andrew,

these are the stocks that help take the nasdaq higher. certainly helping to pull it down lower as well. >> sheila, thank you for that. as you've been speaking, the dow is down a full 201 points and the s&p is down almost 26. we're back in just a minute. i always wanted to design a bike that honored those who serve our country. and geico gave me that opportunity. now naturally, we wanted it to be powerful, innovative and we built this bike as a tribute to those who are serving, those who have served and their families. and i think we nailed it. geico. proudly serving the military for over 75 years. when folks think about wthey think salmon and energy. but the energy bp produces up here creates something else as well: jobs all over america. engineering and innovation jobs. advanced safety systems & technology. shipping and manufacturing. across the united states, bp supports more than a quarter million jobs. when we set up operation in one part of the country, people in other parts go to work. that's not a coincidence. it's one more part of

that's right, an ugly day for the nasdaq. the primary catalyst become tech. and yaw hoar is in fact on the top of that list. shares moving lower after ali baba. filed for an ip on in the u.s. cog any zen things to increase tech sending in europe. elsewhere convince again a mix of internet and high growth names, tesla shares lower ahead of its earnings report. priceline also getting set to report, shares lower on the day, though traders say that upbeat earnings could reset the way these stocks are perceived. lastly whole foods getting hit on disappointing earnings. bmo, sterne agee, jeffries all downgrading shares of whole food, the main concerns being strong competition and how that will impact future profitability. >> down almost 20%. thank you very much, seema. >>> let's get a market flash with sheila. >> seema just mentioned whole foods, but check out the ripple effect it is having, so three our retail grocers are down in simply. take a look at sprouts farmers, fresh market and fairway, all getting hit. by the way, don't forget that sprouts is out with ear

the nasdaq has come back here. ining us is jeremy hill, i mean, what is your version of -- how sensitive do you think the stock market is to talk about the fed raising rates sooner rather than later, no matter who says it? >> i definitely think that's the biggest risk in the market. not so much a risk that the fed makes a mistake, that's low probability, the bigger risk is there's a mismatch between market expectations and what the fed is saying. plosser came out and said something very opaque, rates rising sooner rather than later and said something very bullish, 3% growth this year, gdp which is a great opportunity to take advantage of some risk assets. >> that applause, that you can hear, while we appreciate jeremy is here, it's the medal of honor recipient heading to the closing bell platform where we'll be ringing the closing bell here at 4:00. traders give a huge rounds of applause. >> traders on the floor love it when guys like this come to the floor, and they love meeting the traders on the flor, especially

the nasdaq and russell 2000 trading down today. nt fighting all month in a heated battle over which market has it right. stocks or bonds on the economy. i know more than a few of the debates happened right here on "closing bell." >> yes, they did. >> and they will continue. takes it back from the phrase to help clear the air. the bulls and pairs are both sitting around scratching their heads trying to fight out what they are doing. we'll call it the land of confusion. the bad news bears we'll call them say there's no reason for things to be as good as some believe. there's no reason to be as bullish on the economy as everyone wants to be because all that data has been mixed at best looking at jobs, manufacturing, anything else. the s&p is at record highs like you just said and the nasdaq is at 13.5-year highs, so the stock market volatility picture, the lowest in over a year. that just mean things are all good for the market and for the bulls. but no matter your pegs, next week is going to be clairesy or calami calamity. and there's

, pandora, twitter being the most high-profile. nasdaqk, that is why the dollar figure is the biggest for the nasdaq, but as we know that did not go so well, so that has given at least more recently a bit of an edge to the nyse. it is difficult to say how this one will go. >> julie, thank you so much. alibaba may become the most valuable internet company after google, but its fortunes are intertwined with another major player, yahoo!. they will likely sell a portion, giving it a hefty cash windfall. what will they do with all that money? christina g has been looking into this. people have been buying into it because of yahoo!, they have gotten those properties for free in that whole paradigm. what happened after the ipo? >> yahoo! will likely sell 40% of its stake. depending on the valuation you something between $10 billion and $50 billion. we will see how much they pay out in taxes. but i think that early on a lot of shareholders really expected that money back from ali baba. of course, that is not too much fun for a ceo to do. wants to

seema mody is at the nasdaq. o you see now in. >> the pain continues for high-valuation names. companies that despite the recent sell-off over the past couple of months are still seen as expensive. let's break down the sell-off in tech. first, it's the internet names -- google, yahoo! after alibaba filed for its u.s. ipo, amazon now down about 20% over the past three months. priceline under pressure ahead of its earnings report tomorrow, and netflix, despite beating expectations, shares are selling off. you know, strategists i speak to, scott, telling me this isn't a specific sell-off. investors are simply taking money off the table, and that's resulting in shares moving lower. now, social media sector, focal point for investors after twitter's lockup expiration, twitter losing about $4 billion in market cap due to yesterday's move. so while about 70% of stocks on the nasdaq 100 are trading lower, scott, there are specific sectors that are really feeling the pain. i just want to point out apple, which has been a b

and the nasdaq is around 14 points below it. pean equities also lower this morning off two-thirds. the ftse is down 2.5%. look at the sectors this morning, and you see health care is down dragged by astrazeneca. then banks are down 1.6%. deutsche bank down also spreading to financial weakness in italy as well. >>> we will get into banks and hear from anshu jain after this break. cars are driven by people. they're why we innovate. they're who we protect. they're why we make life less complicated. it's about people. we are volvo of sweden. on car insurance. everybody knows that. well, did you know that game show hosts should only host game shows? samantha, do you take kevin as your lawfully wedded husband... or would you rather have a new caaaaaar!!!! say hello to the season's hottest convertible... ohhh....and say goodbye to samantha. [ male announcer ] geico. 15 minutes could save you 15% or more. >>> a recap of the headline. astra rejects a bid from pfizer. the stock heads lower. and at&t set to buy directv for $48.5 billion in

again, we had a divergence between the dow and the nasdaq, yesterday, the dow up 0.2%, the nasdaq downing, the nasdaq is 9 points below fair value and 3 points below fair value for the s&p and 18 points lower for the dow. similar losses for the xetra dax, the cac, off 0.6%. about the same for ftse mib. >>> apple is reportedly close to a deal to buy beats electronics for 3.2 billion in what would be the company's biggest ever acquisition. although analysts have been questioning whether beats valued at $1 billion during its last round of funding is actually worth the price. the question is, what exactly is beats and why does apple potentially want it? this is a firm which was founded by the record producer jimmy ivan and the rapper dr. dre, d-r-e, is probably best known as a headphonemaker. beats controlling 27% of the headphone market. beats also owns beats music, using algorithms to personalize your music collection and make recommendations. reports say apple has been looking for this type of model to complement its i-radio ad-base offering which launched last year. joining us with his

sheila at the nasdaq. ck at the chicago mechshauchi and more guys are talking about how this is forcing them to go bearish. >> a lot of this is what i've been talking with rick santelli over the past couple months. bond market sending signals to the stock market. the question is whether they're true or false signals. regardless at why bond are at 2.5%, bottom line is when we look at the market we have to understand that valuations are still intact. leon hooperman said it best when we look at a multiple of 16 on the s&p 500, this is not that market that's overbought. >> i look at three days of disappointing economic data. put the bond market aside, disappointing retail sales, disappointing industrial production, disappointing nehb numbers tomorrow. if we get notably disappointing housing numbers tomorrow, don't you think that's a serious sign -- forget what the bond market is saying. we're supposed to see accelerating growth. so far it's barely even modest at this point. >> i agree with that. i would say if

is the nasdaq fall getting close to the bottom? we're talking about the divergence and how one is telling us one y. >> 15 s&p poi time high. everything is fine. i would prefer to look at the russell. that to me is struggling. dan and i were talking about this. valuations,ic look at the russell and nasdaq and say i get why we're selling these things off. 65 times. s&p, 16 times. i think there is a real argument into rotation into stuff that has a more sustained model. what's going on with the nasdaq and tesla, it's not been a surprise to me for a long time. >> i don't disagree with anything you said. i would say the longer -- if you want to call it a rotation goes on, it has the potential to snowball. to me, as long as i have been in this business since the late '90s, i have never seen this sort of damage done. you want to talk value. there's no value still here. what's changed is investors psychology and the change may come to the s&p that's trading 16 times forward. >> this divergence will be solved in terms of something like the

what you're not seeing is a follow dawe through in the rally for the nasdaq or the russell 2000. now we're pulling back. down 14 points back to 2129, and even the russell 2000 which has been the lag-yard recently, hovering towards correction territory, down 10% from its recent highs, it rallied yesterday, but today down 1% at 11:22. bag with aaron gibbs and scott. what do you make of the pullback of the secondaries? do you think this that's a sector that's ripe for picking right now. >> not quite. not seeing the earnings estimates go up as high as we would like to see and there were extreme valuations inside the small caps. the biotech firms in the s&p 500 are trading at about 174 times. they are trading at 17 times in the s&p 500. >> so much more expensive. >> and so we think that they could come down a little farther. >> are more inclined to go with what's growing, or do you think about the stocks that are being beaten down so much? >> a lot of investors are chaying growth and are excited about growth and something i bring up in class all the time. equity is pretty much a growt

let's look at a name on the nasdaq, netflix making good on its promise to raise prices. ing service hiking its monthly subscription price by $1 to $9, and this is new customers. remember a couple of weeks ago netflix came out and said current customers would be spared the price hike? guess what? for the first time since announcing this price hike at least compared to the last time they announced a price hike a couple of years ago and the stock got hammered, that stock is jumping by 1.75%. netflix right now $326.72. still not as high as yesterday. apple reportedly on the verge of making its biggest acquisition ever. and wait until you hear the price, because it's surprising that a $3 billion deal would be its biggest acquisition, but apple doesn't really acquire things. it organically creates things. on your screen, beats. it's in talk to buy beats electronic, the music subscription service, for $3.2 billion. so far the deal drawing mixed reaction. jo ling kent has it for us, it was just a month ago apple announced they would come out with smart headphones, clearly they ha

what i want to do is kind of press the weakness in the nasdaq. ve if we continue to see the price we saw this week, it's going to spill over to the big caps and looking out to july. >> our time expired. for more "options action" check out optionsaction.cnbc.com. see you next friday. >> announcer: the following is a paid presentation for the nuwave oven pro, brought to you by the makers of the nuwave precision induction cooktop. [♪...] professional chefs create great-tasting meals from years of experience and by using professional equipment. and now you can too, with the nuwave oven pro, the number-one countertop oven in america! no more defrosting or preheating that giant oven-- the nuwave cooks all your meals faster, better, healthier and easier, guaranteed. the nuwave oven is not a microwave oven,

more on the sudden drop to the markets and we're focusing on the nasdaq. coming up next. with all the opinions about stocks out there, how do you know which ones to follow? the equity summary score consolidates the ratings of up to 10 independent research providers into a single score that's weighted based on how accurate they've been in the past. i'm howard spielberg of fidelity investments. the equity summary score is one more innovative reason serious investors are choosing fidelity. call or click to open your fidelity account today. carsthey're why we innovate. they're who we protect. they're why we make life less complicated. it's about people. we are volvo of sweden. >>> welcome back to "power lunch." s&p hitting session lows right now, down about 163 points, but let's look at some of the winners in today's trade. those stocks actually bucking the down trend. home depot is one of them, check out oneoak, and devon energy. there's an energy theme there. all safely in the green. anywhere from a person up to 2.5%, so, sue, a nice day for some of the stocks s. >> thank yo

the dow closed at an all-time high, the s&p putting on three and a half points to 19,023, but the nasdaq fell five months, for the months the nasdaq was the best, gaining 3%, the dow up 1%, the s&p rose almost 2%. >>> and despite the strong gains this month many smart investors are confused. stocks are up, and so are bonds, not just before the federal reserve is buying them. what is going on? dominic chu has more on why people are so confused. >> the bulls and bears are both sitting around scratching their heads. they're trying to figure out what to do in the current land of confusion. the bad news bears say there is no reason for things to be as good as some would believe. if so why are investors flooding into the safety of treasury bonds and there is no reason to be bullish on the economy. some of the data coming out has been pretty much mixed at best. them if you're on the bulls side of the equation you are also puzzled by what happened. after all, the s&p is at record highs, the nasdaq around 13 and a half year highs and stock market volatility is the lowest it has been in over a yea

and an eight-week high, too, for the nasdaq. a look at what's on today's agenda in the united states. no major economic data today. attention will turn to a few earnings reports. we have michael kors. we just had toll brothers and palo alto networks, chico's and dsw all coming up later. some people are looking for a bigger correction. one person, on the other hand, believes we're in the best position we've been all year to see a long, strong equity run. we are joined by brian from rosenblatt securities. tell us why. >> we've had basically a correction for the last five months. it's been more of a correction in time rather than price. and typically, in the credit boom, once we have a correction, we good on that long, strong run. that's fueled by three things. it's fueled by short covering. it's fueled by increased buybacks caused by borrowing in the corporate bond market and now we have a third leg of the stool. we have increased mergers and acquisitions activity, helping to boost stock prices. >> every time we've seen the s&p ma

we closed above that for the first time last week. nasdaqf 1.1%, but the bigger gainer once again, as seema mody was pointing out, the russell 2000 as it bounced off that level of a couple weeks ago when it was down 10% from its most recent highs in correction territory, as we say. up 1.3% today. how about the ten-year you ask. well, it's bumped up a little bit in terms of the yield. we're at 2.51% but today we learn that mortgage rates had the 30 years fixed mortgage now is below 4% for the first time since last october, so we're still watching the housing market and the home price data was pretty good today, so housing is showing some signs of recovery here, but we've still got a lot of houses under water. >> we do. >> we go back a year. all everybody talked about was how house prices were accelerating at such a point that they would become unaffordable again and we'd be in a bubble and we've seen a little bit slower growth in that sector. maybe that's a good thing. when you take into account the fact that banks really are still not lend,

quite a comeback for the nasdaq up about 3% for the month. seen on the s&p 500 as well as the dow jones industrial average. q1 earnings helping confirm the bullish thesis for the momentum stocks which were under pressure in march and april. now in terms of the biggest winners on the nasdaq 100 in the month of may, netflix on the top of the list, better than expected earnings. talk about growth overseas. that seemed to get wall street excited. trip adviser, green mountain coffee and ill human na all up double digits in the month of may and contributing to the nasdaq's turnaround. apple a source of strength for the nasdaq 100 which hit a 14.5 year high this morning. apple's earnings, ex panneded capital allocation program and excitement ahead of the iphone 6 launch driving shares higher. apple now approaching $640 a share. back over to you, sara. >> let's split it apart next week, see ma. let's send it over to dom chu for a market flash. >> how about another nice gainer for today. check out what's happened with madison square garden stock. the

over on the nasdaq. >> quick follow-up. i hope that screaming in the background was for, by the way. but i'm wondering how much higher you think the market might be if it wasn't for ukraine. we saw a move to the down side. on the s&p 500 that can you clearly attribute to the ukraine. right now that's 80, 90 points on the dow, i would say overall. that's what i would say for today. >> bob, thanks very much, buddy. you have a great weekend. >> you too. >>> let's go uptown from where bob is, to the nasdaq. sheila? >> we are also losing steam here at the nasdaq. i think bob has it exactly right. ukraine was the surprise that came up. they can understand, put their arms around. when you look at what's happening in the biotechs, now down more than 1.5%. we did see some rebound. also and tesla, though, is slightly hanging on. we quickly want to mention in earning, sba communications, a tower company, had a great quarter with both profits and sales estimates beating estimates. a different story for expedia. it actually did post doub

the nasdaq making a run again, up 0.8 at 4221. and high on our radar today, dividend-paying stocks, you know, as the market keeps rising, is this a good place to go? they have been hot, nothing more so than utilities. and the situation in ukraine taking a very new and deadly turn. ukrainian troops fighting it out with russian separatists, dozens reportedly killed, the locus of the action an airport in do nesk. there's a lot to tell you about. >>> let's check in on this record-setting day so far. hi, sue. we have very good story lines and a lot on our plate happening right now at the nasdaq and on the floor here. seema mody is uptown in times square. first, though, as you can see, bob is standing right next to millennium. we're starting this trading week off with a bet of a bang. >> i did a story last week saying that the traders have been complaining about getting chopped up, they haven't made any money this year. since that, look at the s&p 500. we put together four up days in a row. we haven't had four up days since going back to

the biotech names, the nasdaq, internet index, a lot of shorting going on in that space when this kind of move happens, 2.5, 3%, you get short covering going on. there's been concerns about cajun spreading from the russell 2000, a lot of bears are saying barons are down, home builders are down. s&p is up over 1%, but the retailers have suffered. that is true. that's a sort of concern, but today that's not happening, either. banks and home builders, retailers, all on the up side. that sector is up today, 1.5,

the nasdaq up 2. that's after yesterday. nd three weeks. >>> the focus right now on tesla, it posted a first quarter net loss on surging costs from expanding its vehicle lineup and customer service operations as well as launching a huge new battery factory or a giga factory as they call it. tesla's outlook has some investors -- with the stock falling after hours. in german trading as well, the stock is down 6%. fi phil lebeau has been taking a closer look. >> here in the u.s., shares of tesla moving lower after hours, despite the company beating the street on both the top and bottom line. tesla earned 12 cents a share, 2 cents a share better than expected. revenue came in at $713 million, a little better than expected. so why were shares moving lower? primarily because tesla did not deliver as many vehicles as the most optimistic of estimates that were thrown out on wall street. overall, tesla delivered 6,457 model s vehicles in the first quarter and tesla says it's on track to deliver 35,000 vehicles this year. on the compan

the nasdaq, we're off of the lows but still the nasdaq is underperforming the major indexes.e seeing in shares of whole foods. whole foods, the worst performing stock on the nasdaq 100. shares under pressure after its earnings and outlook disappointed the street. jeffries, bmo, all downgrading whole foods this morning. analysts i spoke to said they had underestimated the competitive environment that whole foods is playing in. yahoo! the second worst performing stock on the nasdaq 100 after alibaba filed for its ipo, focal point for investors, after twitter lockup expiration, losing about $4 billion in market cap. social media stocks trading lower today and underperforming the major indexes. lastly, a look at the high growth momentum names, because when we see a sell-off in the nasdaq, these are the stocks that generally get hit, and that seems to be the case today. online travel player priceline in focus ahead of its earnings report tomorrow. tesla also trading lower ahead of its earnings report after the bell. back over to you. >> in addition, zillow and fox and green mounta

cory johnson is still with me and the ceo and founder is with us now from the nasdaq. e stock is up 17% since the open. why did you decide to go out now versus waiting a little while? >> obviously, it's a choppy market. the decision to go public is premised on where we are at in terms of building the brand, awareness, and the size of the company. we've gotten really good at predict ng and forecasting the business at this point. we have a lot of confidence that we do prioritize profitability along with growth and we have the ability to balance those factors out. it was definitely a tough process getting out and we are really glad to be public. we are looking forward to driving great returns for our shareholders. >> scott, as a read about your likeess, it looks data-driven, lead generation for the car sales business. is that fair? >> we're different family generation. we are not really focused on getting leads to dealers. we are focusing on helping people buy cars in a different way. we provide a no upfront cost, no lead cost him a no impression-based cost or advertising

the ipo gained 10% in its debut on the nasdaq. the $1.8 billion offering is one of the largest of the year... but anticipation is growing on wall street for the ipo of alibaba. a chiinese e-commerce company that opens for trade later this year. next week will be a quiet one for the ipo market-- with no stocks expected to debut.. fear of a severe stock market sell-off has some investors choosing bonds or cash... a survey from the investment company institute shows average investors-- pulled more than 8 billion from u.s. long- term equity mutual funds in may. "in general i would say that clients remain skeptical of the equity market and have an abundance of cash. i think investors should be invested rather than waiting for a correction that may not occur." brian rehling, who is a fixed income coordinator at wells fargo calls the recent move out of the stock market by investors "modest". he believes they will put money back into equities as the economy strenghtens. aside from damage to the environment from severe weather -- economic c

the dow is down 3, the nasdaq is up 2 and the s&p is down a little bit. >>> and the jobless numbers are a little better, back in march it was 8.1. >>> they are set to become the new owner of the red lobster chain. the sale is a cash 2.1 billion dollar cash deal, it comes as its sister restaurant olive garden struggles to retain customers, they say it does not require a shareholder vote however, it does have an effect on that. >>> the runners gathered there to learn the race trail through the town and it will take place there as part of the city's renovation effort. >> we have gone out and partnered with every restauranter and club to make this a very homegrown oakland event. >> the race is set for august 17th and the registration is now open. >>> california chrome has been made the very heavy favorite for tomorrow's preakness. this is video of him working out, and after winning the kentucky derby a few week was go tomorrow means he has a shot at the triple crown and the belmont stakes, already chrome is in a favored position after drawing the number three post which has produced thr

the nasdaq down 14% in those three months. re the compare -- would you take comparisons with that period? >> well, not so much from my point of view in the sense that 1994 was a very quiescent year but the greatest setup for the greatest bull run of all time. no five here year run where the s&p was up 20% or more consecutively and that happened in '94, '95, 'the 6 and '97 and '98. it went nowhere because the fed doubled the cost of money and fed funds went from 3% to 6% and when you do that, all people have to adjust their cap "m" assumptions and so they couldn't handle that until they could which is to say they had to figure out what its meant and took off from there but we obviously don't have that circumstance here. so not sure that analog works but very much do believe that this is not a good period to be putting fresh new money into the market. >> yes, and i mean this is what tempo was saying. he's not going short either. would you short it? >> well, sure, surely. yes, we think that's very much the opportunity here. there

live at the nasdaq market site. time now for the big movers of the day. we have got a pop in the form of semant semantic, guy. >> better day than that. it sold off late. i think this stock goes up to $23.5. >> pop up for aeropostale. >> this is not a name i go running to. a lot of people think this is a zero. >> a zero? >> it's trading like it, yeah. >> speaking of zeros -- >> staples dropping by 2%. dan? >> last week they disappointed and got it down. huge gap, 13%. continuing to go down. you look at the chart and back it out on a five-year basis. i don't think you want to go bottom fishing. just think of amazon and think weather, q1. it doesn't look good. >> we have got a pop with north atlantic dripping. >> we don't know the full details yet but ross net came into their store and said we'll take everything you have. very good day for them. >> as the russians will do. >> china taking on silicon valley, companies like cisco and ibm. our question is whether or not it's just the beginning. let's send it to melissa lee. she has an interview with marc andree

the s&p 500 up for, and the nasdaq up 22 points. ♪ >> you're watching "bloomberg west." one of the godfathers of moderate silicon valley. they have tried to establish themselves in the modern world. making tools for hackers and hobbyists. our editor-at-large, cory johnson, met up with brian krzanich. that word, hobbyist, makes it seem like this is not a big movement. >> it is a big movement. it is packed. when our producer and i were going to this thing, we were stuck in traffic for miles around the event. >> what are they making? >> everything, firebreathing dragons, computers that control trash cans. electric cars, wild stuff. it takes us back to the earliest days of technology. every member making a heat kit. they are making all kinds of things. brian is at the center of it. check this out. >> i was born and raised in silicon valley. in my backyard was a plum orchard. that is absolutely true. that is old silicon valley. this is the future. this is a galileo board. yes. the cork in the center there. it is designed for just this kind of environment. so, that is what we

but it's not all doom and gloom today here at the nasdaq. take a look at applied materials, those stocks are higher. also cisco up for a second day in a row after the blockbuster earnings report. keep an eye on the 3-d printing stocks. there was a bullish now saying they see consumer uptick so perhapsist nots doom and gloom here, we are see some good pockets of green at the nasdaq, sue. >> sheila, thanks solve. yields on the ten-year benchmark note right at the 2.5% level. rick santelli is tracking the action. >> yeah, this is the top of the world, ma. chicago, futures, treasuries, looking at a two-day chart, pretty much says it all. even though we are actually up two basis points for the day, we're -- look at a bunch of month to day charts. everybody is thinking we'll have a 4% handle. look at a -- ten-year note yields. yeah, we can slide down that, let's look at other areas. let's look at the dollar/yen. it's also taking it on the chin. the euro versus the dallas, there's a lot of extremes going on, but one extreme very few are talking abou