Stocks (^DJI, ^GSPC, ^IXIC) are down modestly at midday, with energy (XLE) leading the way down, while consumer staples (XLP) are in the green. Keith Bliss of Cuttone & Co. joins us live from the New York Stock Exchange.
To discuss the other big stories of the day, Alexis Christoforous is joined by Yahoo Finance editor-in-chief Andy Serwer and Paul Schatz, president & CIO at Heritage Capital.
Stocks and bonds make a U-turn
As investors from around the world pile into US markets for both safety and yield, something curious has developed in the S&P 500 index, where 65% of stocks in the index are yielding more than the 10-Year Treasury note, which itself is paying 1.53% annually. This is opposite the way things usually work, where bonds pay income and stocks provide returns through price gains. Why is this?
Delta is ALMOST back to normal
Delta Airlines is expected to resume operations later today. An outage resulted in over 1,600 cancellations on Monday and Tuesday. The incident knocked Delta’s stock down by over a dollar since Monday. Delta stock has been falling all year—so how much more money do they stand to lose?
Need faster internet?
Netflix is releasing a new tool that tells you how fast the Internet is in your area. Fast.com or the app Fast Speed Test can be used anywhere in the world. Why Netflix working on this project?