investigation into the ties to russia. a main turning point in the stock market. unrelenting optimism over president trump s policies colliding with the realities of washington. that has caused fear to creep back into the market. sent the dow tumbling 238 points. s&p falling more than 1%. the nasdaq was the biggest loser. look at that tech stock slam. what s next? futures are down this morning. it could be a pause or a slump back over that. the meetings behind the stock market is slowly shifting. this is what we call the fear and greed index. you can check it out on cnn money. right now it s showing modest fear, extreme greed as investors rushed to buy stocks with optimism on tax reform. same from a year ago where the market was charging back to a rough start. a new fund manager from bank of america merrill lynch 34% say
the dow yesterday 238-point drop. investors nervous about the prospects of tax reform. and they re realizing how slowly washington moves. so, this puts a lot of weight on the obamacare repeal bill. and neil gorsuch s supreme court confirmation. and the president s credibility to get these through smoothly. if these do go 13450u7b8gly, perhaps the rally can resume. and today president trump s pick for education secretary, alexander acosta faces lawmakers. he s been through three senate confirmations before under president bush. he is president trump s second pick after andrew puzder withdrew. puzder is stepping down as cka restaurants the companies that runs hardee s and carl s junior. apple new bright red eye phone will be available for a limited time. apple is commemorating the
and the journal editorial says we re not sure. and that s rel something when you think about what this country will face, and that s something one of the reasons why the stock market has been a little bit funky this week. all right. zach, thank you so much. nice to see you bright and early this morning. speaks of stocks, the stock market took a turning point this morning. unrelentil optimism over whether president trump s policies are colliding with realities of washington. sent the dow down 238 points. the s&p 500 shedding more than 1.25%. this markings the first drop in 161 days. nasdaq was the biggest loser down almost 2%. losses driven by techs, some of the hottest names this year suffering from big losses, facebook, amazon, netflix, google. those famed stocks all having big losses. just a dents, though, really in the big gains since the election. the rally could easily get back
judge gorsuch and how far his party is prepared to go if democrats filibuster the supreme court pick. first, we have the cnbc market wrap. hey dee dra. hey than, ty. the post-trump presidency honeymoon looks to be over. stocks have their worst day of the year. dow finished lower by 238 points, s&p off by 29, and the nasdaq down by 107. workers are still worried about their retirement savings. about 60% of those surveyed seem confident that s lower than prerecession levels. the app pinterest expects to make over $500 million this year. that is more than double last year s revenue. the site makes money off of ads and is valued at $11 billion. that s it from cnbc, first in business, worldwide.
position with the american people because we are going to take away the taxes, mandates, and we are going to move 30 million people to have a chance to have fair health care. that is a strong benefit for us because it s the middle class in this country, the exact same people that voted for donald trump. bret: mr. chairman, we will follow it. we will follow your committee hearings tomorrow and the vote on thursday. stocks today see their worst drop since september. dow dropped 238. s&p 500 lost 29. nasdaq slipped 108. what s the reason behind the slip? what s the consensus on the street about the slide? are they worried about the health care debate? i think they are but i think it s a little bit more than that. you talk to wall street investors, the biggest agenda item has been tax reform. when they look at things today and say maybe health care is in trouble, they start to ask