Stocks (^DJI, ^GSPC, ^IXIC) are building on recent gains, with the S&P 500 and Dow Industrial Average soaring to new all-time highs. Financials (XLF) are leading after a JPMorgan (JPM) earnings beat, with utilities (XLU) the only sector in the red. Alan Valdes, director of floor operations at Silverbear, 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’s Rick Newman and Dan Roberts.
Apple goes to Hollywood
Apple is going to Hollywood. The gadget giant just released new details about its recently announced TV show, “Planet of the Apps.” It’s going to be an unscripted “Shark Tank”-style show featuring 100 of the world’s top app developers. Filming begins in October and will feature Product Hunt founder, Ryan Hoover, among others.
NFL lawyer comments on legalized betting
Online sports betting is big business. But the top leagues have historically had a love-hate relationship with it. In recent years, Major League baseball has partnered with online sports betting sites, FanDuel and DraftKings. While NFL commissioner Adam Silver wrote an op-ed in support of legalized betting, the NFL itself has been quiet on the issue.
Student loans a problem for aspiring nuns
Student loans have forced people to take up a second job … and even hold off on starting a family. But now it’s causing problems in a biblical manner. A young woman was told she couldn’t become a nun until her student loan was paid off. Alida Taylor owed 18 thousand dollars for her college education.