Now in bear market territory. Those stocks are down at least 20 in some cases, more than that. All the major averages deeply in the red today. Its i shaping up to be the worst week in the dow, s p and nasdaq in nearly four years. This is serious selling. Lets look at the price of oil breaking below 40 a mark today. Weve been watching this one for some time. Its now down about 20 . Thats a bear market. Thats just this month. Finally, take a look at volatility index. Surging today. Its doubled this month. Its above 25. This is the one we are watching. It was dormant all summer. Today its up above 25. This is the best month it had. All sorts of benchmarks are being set. Exactly. Dow jones industrial average is close to breaking below 16,600, which it did do briefly earlier. We started the week with the vix around 12 and were at 25 now. We have bob doll to break down where he is telling his clients to put their money now. Tech and social stocks getting crushed in this market. Apple one of
Good morning a warm welcome to Worldwide Exchange on cnbc. Im wilfred frost. Sara eisen is off today. A quick check in on the futures market they are pointing higher, albeit only slightly by 20 points or so for the dow. The nasdaq and the s p fractionally positive. This comes off a day when we had a trifecta of record closes. The gains were small the dow up 2 , the s p and nasdaq up 0. 1 fair to say markets pausing for breath a bit ahead of that fed decision much more on the markets in a moment first breaking news out of mexico the death toll continues to rise following the 7. 1 earthquake more than 200 people are dead, including 22 children who were killed when an Elementary School collapsed. Mexicos president says more than half of the Nations Capital is without power this comes less than two weeks after a magnitude 8. 1 quake hit the country killing 100 people well follow this story and bring you the latest when we get it the other big story this morning, Hurricane Maria is holding
Im seema mody in for sara eisen. Im mike santoli in for wilfred frost. Good to see you great to see you. World is a busy place already when you see it this morning record day. We didnt close goabove 23,000, but we did hit it. It looks like the open we might get there. Lets check on the Global Markets. Look at the u. S. Equity futures. They were leeaning slightly to the upside the dow indicated up almost 50 points that would put it above the 23,000 mark if we stayed around there. The s p 500 just modestly above the s p hit an alltime high yesterday. The slow, steady grind continues higher nasdaq also pointed slightly higher seems like the action for the dow, most likely ibm that had the stock popping lets look at the rest of the markets. Tenyear note, we see modest upside to the yield. Back above 2. 3 on the tenyear. Its been kind of compressed people have been talking about how weve not been able to liv state t levitate the tenyear note yield. As the do you tries to exceed 23,000 once
Good morning warm welcome to Worldwide Exchange on cnbc. Im wilfred frost. Im court couney reagan in f sara pleasure to have you with us. We did see declines yesterday of about a half percent across all three of the major averages. Today we are bouncing back a bit. The dow up by 20 points or so. Worth noting that all 11 sectors of the s p were lower yesterday. A broad selloff. Telcos taking the brunt, down more than 2 tenyear treasury note above 2. 4 this week if we have a look at it this morning, its still year yields slipped a bit 2. 44 yesterday 2. 42 today. Looking at whats going on overseas asian equities mixed overnight we saw mixed market in china south korea down a half percent. Shanghai up about a third of a percent. And we saw in japan the nikkei led by financials and automakers the messaging service line up 17 on earnings. That was one i wanted to point out. We also got data out of south korea where the gdp grew 1. 4 in the Third Quarter. Thats the fastest pace in seven year
Im sara eisen im mike in for bill friend frost. We are starting friday with a song from taylor swifts new album. It was released at midnight. Featuring ed sheeran i will hear a lot of it around the house. Wilfred took the day off because it was such a big day and releasing the album. He needed to take it all in lets get a check on the Global Markets after a sell off on wall street wasnt as bad as it got during session lows, but the s p and dow had their worst day in two weeks. The pressure continue this is morning. We are set to break an eightweek win streak when it comes to u. S. Stocks, which are pointed lower for the week less than 2 of a decline if you add up the week. Dow down 65, nasdaq down 24. It has been the nasdaq thats been under the most pressure thats also been the biggest winner russell 2000 is down more than a percent. Treasury note yield. Lower yields back to the bottom of the range 237. Although, getting a pop today. Well see where that goes. Selling of treasuries this