Robert Hum is the Markets Producer at CNBC.
Robert Hum is the Markets Producer at CNBC.
Despite the ongoing rise in crude oil prices and the overall concerns of a weaker economy, the Dow Jones Transportation Average hit new all-time highs today. It passed its previous intraday high of 5,487.05 that it had set last July. If it closes over 5,446.49 today, it will set a new all-time closing high.
The news on HP's acquisition of EDS has the stocks trading at enormous volumes.
GM shares are up over 12 percent today after posting a smaller than expected quarterly loss.
Pfizer's slide continues. The stock has now fallen below $20 for the first time since 1997.