Not quite as thrilling after day as we had yesterday. Ashley connell it, would be hard to repeat. S p and nasdaq dropping because of a covid 19 vaccine fading a little bit. Investors pull out money from the tech companies, that benefited most from the pandemic. Look at the dow and s p and nasdaq down. I want to get tech stocks red across the screen. Microsoft, facebook, nvidia, Big Semiconductor conductor down 6 . Adobe systems down 4 . A lot of the stocks higher on the year but a victim of the rotation of money out of tech. If it is coming out of big tech where is it going . Lets take a look. Consumer defensive names. Companies likes walmart, costco, target, proctor gamble. There they all are. Weve gone from a red skeen to a green screen. Target, all the others also higher. Industrial stocks giving boost from a csx railroad gaining more than 3 as did ge, right around 3 . Raytheon up 4 1 2 . We should mention boeing, gaining more than, well, see in the final analysis 5. 2 . It was up m
Administration looks at the reopening of longshuttered trade routes mean for u. S. Business, not just israel and of course these other nations, but u. S. Business and could saudi arabia and maybe even iran be next to step up . The president s director of trade and Manufacturing Policy, Peter Navarro, will join us live on what this relationship might just do to boost trade in americas struggling covid economy. Rivalry on the baseball diamond still in full swing. Game three of the world series set for tonight. The Major League Baseball organization is going high tech to help you light up your social media with grand slam videos of your own. Find out how the mlb film room is taking a place in the google cloud. Narrow tech trading in play as the prospect of a stimulus deal remains on mothballs on capitol hill. Dow jones industrials down 61 but the s p just popped up to positive territory, better by three. The nasdaq up nearly down nearly five points. All of the major indices appear to be h
Market up 12 points, the nasdaq up 42 but the dow down 27 and it was wound and turned down to stocks, intel as well as american express, dont miss on earnings, revenue from intel datacenter, customers disappointed, what are the issues plaguing the company and mainly only intel, rival imd closing 3 higher, it mistreats estimates for capital one arrival card issuer, not that one, rally today, we have encouraging news on the coronavirus, not only gilead remdesivir with the first fda approval, but astrazeneca will resume the vaccine trial right here in the u. S. , it was good news but not good enough to raise the losses for the week, lets take a look the dow and s p 500 down for the first time in four weeks, the nasdaq down in five weeks, each off about 1 . Apple, not helping out, even though the iphone 12 is on sale, the cameras, faster chips, some of the models will start shipping today, i dont know if you have any interest, investors did not seem to buy apple today. Jackie thank you so
Volatility in the markets today, it could had into it during the election next week. Speaker nancy pelosi had a conversation with treasury secretary Steve Mnuchin late this afternoon. Well have more on what we know about that conversation here as we bring in our reporters. Fox Business Team coverage. Blake burman at the white house for us. Today were starting with Ashley Webster on the market selloff. Ashley . Ashley what a day it has been, connell. All sorts of skittishness and fear on wall street. Fear of a second wave in covid as weir seeing in europe. Fear of the unknown when it comes to the election just eight days away. Fear congress will be unable to finally agree on a stimulus bill. You put it all into the hat. This is what you get as a result. The dow off 650 points at the close. But was way down more than that. 950 at one stage. The s p down nearly 2 . The nasdaq also down about 1 1 2 . All 11 sectors on the s p 500 finishing down on the day led by energy, tech and industrial
Most to them and their families. Well look at one of the crucial demographics for President Trumps chances of reelection. Stay tune, we have fox Business Team coverage, Jackie Deangelis in our new york newsroom, blake burman standing by at the white house which is where we begin. Blake. Reporter connell there was another phone call between treasury secretary Steve Mnuchin and speaker of the house nancy pelosi to go over at least the hopes of trying to put together another covid relief package. We can tell you it lasted about an hour. They exchanged language on proposals. Were told there is expected to be another phone call tomorrow. This is the readout afterward at least from the side of the speaker of the house that they continue to say there are big gaps that remain. Deputy chief of staff for nancy pelosi tweeting the following saying, quote, one major area of disagreement continues to be that the white house lacks an understanding of the need for a National Strategic testing plan. T