It was down by 100 points more than where it stands right now put it all in financial stocks when Elizabeth Warren was the nasdaq was off about 2. 5 Vice President i have been sceptical of the the shanghai composite rose more market as it is. Nonetheless, we have other news than 3 . Though to bring you this morning. We should probably get to it Central Banks held Interest Rates steady a transaction to talk about. Over the weekend regulators raised the limit on how much they can invest in Equity Assets in an effort to break longterm funds into the market and it i should say its according certainly worked at least for to the wall street journal today. Lets take a look at the it says the deal could be announced as soon as today treasury market back here in the United States. Right now i think the yield is the ebay unit similar to just around 0. 6 for the ten craigslist operates primarily and a lot of us dont know about year i dont know if you saw that story over the weekend it primarily i
Today. Tech stocks continue to lag. Lets get to bob for more on todays Market Action. Bob. Hello, melissa. Were near the highs for the day but have not been able to get into positive territory. Sec cyclicals tend to lead banks are having a pretty good week strong trading revenues. Jpmorgan, same thing there important thing here is banks tend to drop in the week of their first earnings report. Thats when jpmorgan reports this week not so bank of america strong you saw there kbe, theres a bank index almost up 5 for the week banks have been terrible under performers megacap, theyre down this week. Some of them are down. Amazon is down about 6 for the week apple is flattish. Most of the others are down 2, 3, 4 . How about netflix, which is a faang name out there its been all over the place 500 to 570 back down to 500 the important thing here Social Security moved in a 5 range today. Lot of volume. Three times normal volume. Thats typical for netflix well get the earnings soon here finally
Resee recovery in retail sales dow down 271 session lows 59 minutes left of trade the nasdaq has been the underperformer is actually off its lows were kind of moving around, as we speak, in the final hour. All the major indexes are lows ahead on todays show, well speak to mike sievert. Well get an upgraciointergrac sprint and the president of the university of arizona will outline his plan for the fall semester as cases and hospitalizations rise in that state. Well focus on the big stories were watching at this hour Steve Liesman with details on todays jobless claims will is digging into Big Bank Earnings and meg has details on johnson and johnsons results. But, steve, start us off with the jobs picture. You know, were getting two different stories from the jobless claims one of improvement and one where the improvement has kind of flat lined. Well take a look at the numbers. Claiming coming in at 1. 3 million. Above expectations dow just 10,000 on the weekly jobless claims thats kind
Exchange right here on cnbc good morning, im dominic chu. Your stock of the morning, a name you probably all know and even use, amazon. Com climbing to a new record high of above 3,000 per share you can see here in the early trade, 3046 is the last trade for amazon were off about one third of 1 in the premarket. That is just one stock that you need to watch today. But in a bit well go over more. But we start with how you and your money and the Global Markets are setting their day up stock futures indicating with a should be a lower open at in stage right now. If the futures moves holds, the dow jones would be down about 247 and the nasdaq down about 40 but remember, we had strong gains in yesterdays session and that saw the dow jump over 450 points and the s p post its fifth straight positive session. And the nasdaqs run continues jumping more than 2 to hit another alltime high this has been a strong trade throughout the course of the year especially since the covid19 market lows that
Contracting by 5 this year and within the s p headlines like those punishing reopening trades, punishing pretty much everything as you can see behind me particularly the likes of norwegian cruises, winn resorts, banks, airlines sliding significantly. Some of those names down as much as 10 sara. Weve got a huge lineup of guests to help make sense of this selloff today for you air yell investments john rogers saw a onceinalifetime buying opportunity. His take and where we stand now. Plus well discuss the new tristate travel order what it means for the entire leisure landscape for ceo of booking holdings, a perfect day to get thoughts on what travel will look like well speak to the ceo of slack about working and new product today. Full Team Coverage of this pullback and final hour of trade. Mike santoli tracking Market Action the most concerning covid outbreaks with the new numbers and Brian Sullivan watching the drop for energy sector, the worst performer. First lets get to josh lipton w