Sara eisen is joining me once again. Hi there, sara. Good to see you, mandy. Triple digit rally for the dow be up with over 300 points at this hour. Still have a long way to go to make up for yesterdays losses. Bob pisani jones me here on the floor. Youve been looking at historical rebounds. Were due for a rebound, getting it right in line with a historical pattern. Let me show you the s p. We flat lined at the open, up 300 points on the dow, 37 points on the s p and we sort of have been right there throughout the day. A little bit of rise after europe closed once again. Saras right, once we had a correction, 3 down with the s p 500 two days in a row, that has been a rare occurrence. This only happened eight times since 1980, five in 2008 and each time, two sessions in a row, one day later, the s p has been up 75 of the time, averaging 2. 3 . Sara, guess what, were up 2. 2 on the s p. Thats today. Not bad. Its happening exactly in line with expectations. One week later, its up 86 . The
That one. Well talk about that a little bit later. Weve been sitting back pouring back through the documents, the s. E. C. Findings of what happened, now this criminal complaint singling one individual. The more information we get, the more impossible it is to believe he could have caused this. We have a ton of earnings on tap. You just saw some of the biggies. All of that will get into full swing next hour. Also the outlook for oil prices an exclusive with bps ceo bob dudley coming up in a little while, also well see how the industry has changed in the five years since bps tragic oil spill. The dow, the major indexes have been under pressure today. A lot of that for the dow has been travelers. Concerns about their earnings power. 71 points lower, back below 18,000 for a decline of 0. 4 . The s p just barely in negative territory, actually down about 1 point, just sitting below the 2100 level. Look at the nasdaq though it is up 0. 5 bill. So much focus today on the biotech, the pharma