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Transcripts For CNBC Closing Bell 20140731

For a while it looked like we might outperform, bill. Now the dow is off 1. 6 . 267 points. We needed to add 50 if we wanted to be positive on the month. The dow is down 1. 6 . The russell is down 2. 3 . The small cap stocks are taking a big hit today. Another recent leader in this market to the up side, the transportation stocks, down sharply as well today, down 115 points. A lot of breadth across the selloffs, it is pretty indiscriminate. If you are a value investor, that should mean opportunity. But the vix popping by about three points today, at 16. 5. We havent seen a move like that in that index in quite some time. Heres how we stand right now. The dow off 263 points. 16,616 is where we are trading now. Nasdaq off 1. 9 , shedding just about 83 points on the session. 4,380 or so is the level. The s p 500 over 33, down all the way below 1,940 down to 1,937 at the moment. Lets get to it. Cnbc Heather Hughes from the sun america funds, doug walford forecommercial wealth advisors. Jo

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