Afternoon, stocks bouncing off the lows, but we have had so much volatility, so much bouncing around of the major averages. Right now, it looks like oil and stocks are tracking relatively closely together. Take a look. This is the intraday basis, and oil and the s p 500, so if you take the bloomberg apparently, we cannot do that, so i can just tell you we have got a Technical Glitch here. We are seeing oil, which has been trending lower. Right now, it is down about 5 on the day. We had the International Energy agency come out today and say essentially that supply remains ample, and, in fact, even more ample than their earlier projections, and then we had the Energy Information administration here in the United States saying that Shale Companies continue to pump more oil than anticipated, so and ite on oil prices, also affected stocks. Now, in terms of the sectors that this is effecting, we are seeing energy stocks, as you might imagine, the clyde. I natural stocks feeling pain followin
Yahoo is now reconsidering a sale of its main business, rather than a spinoff. Its main web business, that is. We will be getting more details im sure throughout the hour with this scoop again by our reporting team. You can see shares spiking by more than 3 . Broadening out to the major averages today, weve seen quite a bit of bouncing around right now. All three major averages are very little changed, even after that jobs report. Somethings counterbalancing include continued worries over whats going on in china and volatility in the markets there. If you look at the s p, speaking of volatility, over the course of the session theres been quite a lot of bouncing around. The s p get a little more decidedly negative in midmorning before recovering. Just been bumping along a little changed for the rest of the day. Some of the winners during the session include some of the natural gas related stocks, were seeing natural gas higher today. Consol energys, viacom also participating in buying i
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