Employees . A live report with the latest. Im melissa lee at the nasdaq. We start off tonight with the dows big breakdown. The index dropping nearly 390 points today, closing below its 200day moving average for the First Time Since late may. The s p and nasdaq seeing bigger losses on a percentage basis amazon dropping more than 4 , apple down over 2 the moves come lower as treasury yields continue to trek higher the tenyear touching a fresh 16year high, 4. 6 during the session. And then theres this warning from the nations top banker right now, it feels good that fiscal stimulation was extraordinary. That was a global phenomenal more in the United States than elsewhere. But thats a little bit of a sugar high and thats a little bit going to go away. All the other things im putting myself in the quite cautious category. Jamie dimon also saying the fed could still raise its target rate sharply from here so, as we look to close out the third quarter, are we in for more trouble ahead guy .
Strongest print in nearly three years. Busiest days of earnings the ceos of dow chemicals and ceos are with us higher in the big market. We have more clarity on media nma as it reports to via come. Futures in the green following a day where they all posted record closing highs. So again, it is the busiest day for earnings this season, two tech joints were keeping an eye on, twitter. Users were flat quarter on quarter. Facebook beat the streak last night. Boosted by greater advertising revenue for the mobile app twitters down 10 this morning in the premarket, jim. Im not one to take the other side of the trade. Stock was running for heaven knows what reason. Because i think the daily average users were pretty good, and i think it might be an inflection point, the revenues been going lets say, well call it the second derivative, theyve been going down less and the pramting is looking up i see advertisers coming towards it the new programming is doing well they have burn off on the others
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