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J.P. Morgan a Catalyst for the Market’s Rally?

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  • Description

    FBN’s Nicole Petallides breaks down the day in the markets.

  • Duration 2:18
  • Date

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This transcript is automatically generated

She's been talking about it.

All day from the New York Stock Exchange as we said the -- financial firing the market up today is how they looking at the close.

Right now the Dow Jones Industrial Average up a 196.

Points here testing to see what happens and the week possibly but I guess it's only -- -- days for the entire month of July July 3.

And to the -- of the bulls up austerity a lot of -- to watch those commodities like oil and gold jumping today.

I -- how -- -- energy and mining stocks looking in the final minutes of -- here.

All in the green today for and it genes from my hands are free Alfred thanks to you.

It is in the sprint today is a great day -- the people -- -- for a one pays a higher -- is Scott get home thanks and I said today that it was every day like.

Test yet no kidding well listen there are some who loses out there so this may -- trying to make -- -- warning of falling sales today.

And it is certainly dragging down his rivals including -- -- blue chip Dow component Hewlett.

-- Haven't been under significant pressure -- the worst performer year to date on the Dow and Lexmark news about.

We demand out of Europe.

Printers in -- really hits.

A name like Hewlett-Packard -- business hey nick -- just you know considering the fact that here on the at the end of the weekend is Friday were snapping this multi day losing streak.

What are traders saying do they think that this rally's gonna continue when we come back -- the weekend.

Most -- was really about JPMorgan and how -- innocent short term bounce so.

While they see that this is a great little hear -- -- Monday brings the truth of the matter is that today good news and -- got a big picture is giving you some clarity giving you a little bit of an outlook and knowing.

Exactly how much Morgan -- he -- the banks is so -- all the catalysts here was JPMorgan boosted numbers out of China.

So closing are they -- very narrow trading range and out right now would just -- our eyes today and so -- positive that we.

You had you know one of the things yesterday that was notes they've done a call -- the volume actually a nice day.

A lot more buying and selling going on yesterday what have we seen volume wise today.

Pretty good pretty good not -- -- 568.

Million shares changing hands yeah yeah.

Yeah yeah.

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