That is insane. Back to the selloff. Stocks tumbling into the close. All but two of the dow 30 into the read. Worst performers, home depot, microsoft, cocacola. Not the same story for energy. We have you covered on both fronts. With phil flynn price futures group. We will tell you close off worst levels of session, but were still down 182 points on the dow. Dow and s p are down four out of last five trading sessions. Nasdaq composite index for its part was down as well. Looks like a fiveweek, biggest drop in five weeks for the nasdaq. I believe for s p as well. There are the stats. Volume was 12 below average one month. Yesterdays rally, volume even weaker. Cant look for call on conviction. Tone was set first thing this morning with the Consumer Price index. Coming out showing fastest monthly increase in three years. Inflation perhaps. That is supportive of case of fed Interest Rate hike. That followed by a parade of fed speak today, with most fed officials voting and nonvoting essenti
We have new shocking details on the size and the scope of the lists that were used by the irs to go after conservative groups. Wait until you see who else was targeted. Melissa back to the markets, the dow hitting 18,000 today, but not enough momentum to finish there. Phil flynn, Price Futures Group is a fox business contributor. He is watching action on oil and gold from the cme. Lori rothman on the floor of the new york stock exchange. Lori, we couldnt hang on to it. What was driving it and why couldnt we hold it . Reporter health care was the drag. Crude oil settled above 50 bucks a barrel today. As far as the dow hitting 18,000 but paring those gains, s p 500 closing still at the best level since last summer basically. Energy, telecom, industrials are among the best performing industries but health care sold off, especially late in the session. That started by valeant once again, the usual suspect. Valeant touching a new low today basically slashing guidance. New yorkbased investor
Charles ortell, the financial whistleblower who found major gaps in the Clinton Global Initiative record says there is cause for concern. He will explain. Stocks tumbling again today. Certainly closing off the lows of the session, but take a look at things in the dow 30 there. Am among the big losers. Phil flynn watching all the action such as it was in chicago. Oil and gold. Well talk to phil about them both at cme in a moment. Lori rothman on the floor of the new york stock exchange. We fought back towards the end, right, lori . Reporter we did, we did close off the lows of the session, connell. Whats telling is the vix, the volatility index, the market gauge of fear. It has been up six consecutive sessions, the vick slipped back half a point. A level at 20. If we had closed on the vix at highest levels weve seen today, the vix would have been at highest level since february 24th. That date is important, two days after the recent market low. Continued fear, continued uncertainty, you
Happened during the defend 12 benghazi attack. Details and reaction from ambassador john bolton. Nike out with Fourth Quarter earnings in a moment. How the Sporting Goods giant navigating major hurdles, both here and abroad. David we have a lot of issues including breaking news. Market signs of life after Global Markets lost a record 3 trillion during the last two trading days. The dow ending in the green at session highs. Phil flynn, Price Futures Group and fox news contributor. Watching action in oil and gold at the cme. Not a good day for gold. And lori rothman, on floor of the new york stock exchange. What is driving the nyse . It is a firesale. People were snapping upbeatenup shares. Banks had tremendous day. I will get to other stocks with significant losses friday, monday but rebounded nicely today. Dow jones industrials setting tone. Closing best levels. Session. As you pointed out not nearly enough to make up losses from friday and mondays brexit inspired selloff if you will.
Tonight. Melissa back to the markets, the dow and the s p ending longest winning streak since march as the dow finishes off of session lows. Phil flynn of Price Futures Group and fox business contributor, lori rothman on the floor of the new york stock exchange. Tell me about the selloff . Brexit jitters came back, a typical risk off day, off the worst levels, down 150 at the worst point, and oil down about 5 . So the dow, the s p closes off 7 10 , similar story for the nasdaq composite index. You had bonds receiving all the money flowing out of stocks today. You had a record low for the tenyear yield which sent all the money to stocks into the higher dividend paying indices like telecoms and utilities. Harleydavidson, there is all this buzz that harley was going to get a bid from private equity firm kkr, that didnt happen today. That was way down. And blackberry, theyre going to toss the classic hand held device. So thats kind of an historic announcement for blackberry. Back to you gu