Again. So youre not looking at a bounce back. At least not in the early trade. After you have such rough seas like that its not unusual to see it the next morning. But right now at least it looks like the dow is indicated to open down another 77 points. Yesterday closing below 17,000 for the First Time Since october. The s p 500 is down another 8 points after closing down by 2 yesterday. Check this out, though, the dow negative on the year. S p is negative on the year as well. This is decline of 2 yesterday for the dow. 16990 is where it closed at the end. Its at risk of the annual winning streak for six years in a row. We should point out the five dow components hitting 52 week lows yesterday includes utx, conoco, exxon and Procter Gamble an intel. Japan was down by 3 as well. Shanghai composite down and hang seng composite down by 1. 5. Chinas august flash factor pmi. Thats a key Manufacturing Index. It dropped to a 77 month low. Do the math on that, thats more than six years. Domest
Lets head to the markets where julie hyman has the latest. Julie the direction is downward. , wer the threeday rally saw them gain more than 5 . It is not down for the dow, bouncing around between gains and losses, slightly higher. The nasdaq is the underperformer of the day. Some of those stocks are notably selling off. If you look at the s p over the course of the day, it has in a it has been for all major averages. 1 10dow, right down of 1 . There has been little bit of ounce the around. We have got the sectors on the move to the Interest Rate groups are doing better today. Telecom, the groups that tend to rise when Interest Rates are going down. Energy shares are the worst financials selloff. If the last three days were a flipflop of the script we had seen this year thus far, we are now flipping back to what were where we have been for most of the year. And the impression on energy stocks, it is still positive. Big downward. Inventories actually trading at the highest for the inven
Gainers giving up some momentum. In the markets, but a pause. Joe the dows smallest move in six days. The first day the s p did not move a percent in either direction. So a pause is a good way to describe the day. At no point did it ever get a that exciting. Except maybe for ibm. Ibm added 47. 2 the dow. The idea that whatever kind of support we did was just buy one company. Walmart selling off, so there were interesting stories on the individual level. Alix i did want to point out where we came from in just one week. We saw that low and the huge , nonetheless seen climbing higher. It was such a stark reversal from just seven days ago. Really an unbelievable comeback. Joe one interesting thing is despite the egg rally we have seen since thursday, still not much signs of life in the Interest Rate market. Hitting their lowest since february 11. Not seeing much of a bounce back in yields. Alix which is interesting. Another interesting thing on the currency front the british pound seeing a
Concession is a source of grave concern. It leaves iran with a vast nuclear infrastructure, and relies on inspectors to prevent the breakup. That concession creates a real danger that iran could get to the bomb by violating the deal. In the past, and yahoo has threatened netanyahu has threatened airstrikes. The State Government says Hillary Clinton used a personal email account to conduct official business rather than a government account. The state department which doubt asked reached out and asked for records. The state of art found 300 emails the state apartment found 300 emails. Clinton spokesperson said there was nothing improper about the use of personal email, and that all official records were preserved. More video has been released of the lapds fatally shooting a homeless man on skid row this week. The police chief says the video shows the man reaching towards an officers waistband, and the officer cries out that the man grabbed his gun. Three officers opened fire. The shootin
procter & gamble is lowering full-year earnings forecast, citing softness in developed markets. we re hearing the same thing on pepsi. an agreement to form a coalition government in greece could come within the next 24 hours, according to the head of the democratic left party. the new democracy party and socialist pasok party. apple facing off with google in a chicago courtroom today and the ongoing patent dispute between the two, a judge will would be a request barring sales of motorola s unit. do not apologize. love means never having to say you re sorry. do you remember what that s from? love story. i ll try to remember that. traders are waiting to hear if there s more easing on the way to help boost the economy. that announcement second around 12:30 eastern. we of course will bring you that. joining us to give you a quick preview of what people are thinking, peter, what s baked into the cake? what will disappoint and what will give us the up side here? pretty mch