As a matter of fact. As it closes it is closing lower, dragged down by renewed weakness today in the big tech stocks. Also energy was weak. So all of that, we will have in detail for you. The dow down about 400 points. Welcome to the show, everybody, im connell mcshane. Melissa wow. That was quite a press conference there. Im Melissa Francis and this is after the bell. The dow and the s p 500 closing down more than 1 after the biggest rally in at least two months. The tech selloff pushing the nasdaq deeper into the red after its largest gain since april. We have a lot of news to get to today. Fox Business Team coverage to cover it. Lauren simonetti following the markets. Blake burman is live at the white house. Hillary vaughn has latest on covid relief package. Kick it off with you, blake where all the action is now. Reporter we saw President Trump here as the closing bell hit and the topic again was tapes and conversations that the president had, 18 conversations, nine hours worth wit
The Reagan National and washington but we talk about the airlines with edward and we start with you. Reporter yet, friday rally. Not seeing two days of gains a row and we not seen that and wrote while but they come back in today and closing near the highs of the session for all three major averages with the exception of energy all of the sectors were in the green, led by technology and the tech trader regained its momentum today. Lets take a look at apple shares up around 4 today all of these names, higher on the week with the exception of google just fractionally lower in the nasdaq higher this week but the Broader Market down or weeks in a row and is the longest losing streak since last august, augus. As you can see, the dow down one and three quarters of the week. S p down. 6 but the nasdaq certainly higher. In fact we have one dow stock that actually notched a record high today, that was a nike on a solid blowout earning report and their revenue is just about where it was last year
Calling the platinum plan to encourage black economic empowerment. We will take you there as soon as it begins. It comes as the latest tiktok deadline has come and gone. We just have breaking news out of washington, d. C. The Justice Department has filed an opposition to a judge, district federal judge regarding a request from the Parent Company of the Popular Video app to delay its u. S. Blacklist late sunday. 11 59 p. M. Sunday night, this thing goes dark on app stores. Charlie gasparino has latebreaking details. And theres a new riverboat gambler on the scene, looking to bring yet another Online Gambling app to you through a spac. The spac is really getting cleaned here. The brainchild behind Kim Kardashians game is here. Less than an hour to the closing bell, lets start the claman countdown. Liz breaking news. We will get you that news out of d. C. Regarding tiktok but auto makers are hitting a red light right now after true car forecasts total new vehicle sales will drop 12 year o
We were up 259 earlier. S p 500, as you can see, it is up more than. 5 . We just came off the best sixmonth performance for the s p actually since 2009. Youve got the nasdaq higher right now, up 1. 5 . All of this, were watching. Were watching washington. House speaker nancy pelosi, treasury secretary Steven Mnuchin are continuing their discussions over this coronavirus stimulus bill that could pour trillions into the economy and help airlines, Small Business owners and the unemployed. We will have up to the minute details on the state of negotiations as they go on right now in washington. Then the travel industry is desperate for help from congress as a new study says the Hotel Industry might not be able to hold out much longer. One of the nations top hotel owner operators is here to tell us how his company is handling these challenging times. Hes here in a fox business exclusive. Meanwhile, pepsico is popping as people lock down at home during the pandemic, turned to its snacks and d
The markets. Ashley, first to you. Ashley well, guys as we say good riddance to september where all the major indexes posted a loss we embrace a new month but we havent come exactly flying out of the gates although green across the screen. The dow finishing slightly higher as you can see, about 1 10 of a percent after being down more than 100 points. S p up half a percent. But it was nasdaq showed the best performance of the new month up 1 1 2 . Like Charlie Brown with a rain cloud over his head investors are frustrated by congresss inability to agree on a new stimulus bill. With the markets going up and down with each competing headline from nancy pelosi and the treasury secretary and everybody else. As a result we saw stocks move for the most part today sideways in somewhat flat trading but as i mentioned the big tech stocks did manage to give the Broader Market some impetus. Amazon, microsoft, facebook, Alphabet Google all managed to make nice gains today which you can see gave the