Stocks are under pressure and i do mean under pressure down by more than 300 points on the dow on that weak manufacturing. What way to start the Fourth Quarter. The s p and the nasdaq down a percent or more in each case take a look at whats leading us lower. That will be industrials materials, the suppliers to industrials and energy all of those sectors down 2 or more lets get down on the floor of the New York Stock Exchange bob. This is a big miss on the september manufacturing and i think this is a problem for the markets here the s p moved in a 50point range. Almost 1. 6 lower since the ism report came out at 10 00 a. M. Eastern time the s p has moved more than 1 this reaction was probably just sheer size it was not just the big miss it was the lowest reading in ten years. The other reason for the outside reaction is despite the turmoil around global trade, the s p is still only 3 . That leaves a lot of risk to the downside this dropped as you heard from tyler. I would pay very clos
Russell 2000 up by. 78 . West texas at 53. 13 up 1. 48 or nearly 3 . The 10year note theres the yield at 2. 28 . The price is lower, the yield a little bit higher. Mandy drury today on the floor of the nyse with bob pisani. Seems like this has been where all the actions been this week, ty. Seemed like the likely place to come down to. Bob, fantastic job yesterday covering the big event. But in terms of todays action, we opened up with big volume. 249 to the up side. Why are we losing steam here . I think there is some realization that greece is still very iffy and china, the gains yesterday, theres a lot of companies that respect even trading there. Some people are saying we dont know whats going on in china. The bottom line is were keying off of greece and china. We did have very smooth opening at the New York Stock Exchange. The nyse said that outage was caused by a Software Rollout that caused Communications Issues between customers. Talk about that later. But it was a strong open a
Hard. The Dow Jones Industrial average and the nasdaq closed in correction territory, meaning the indexes are now more than 10 off their most recent highs. The reason once again was china. That country suspended trading after just 30 minutes. Its benchmark index falling 7 . More on that in just a moment. But first the closing numbers. The blue chip dow index plummeting 392 points to 16,514. In the last four days the dow has shed 910 points. The nasdaq falling 3 , off 146 points. And the s p 500 lost 47. And as for oil, which continues its slide, it hit a 12year low during todays trading session to close around 33 a barrel. Bob pisani has more on the selloff from the new york stock exchange. Reporter after another down open we pared some losses almost immediately after that as the chinese authorities suspend the Circuit Breakers they had implemented just four days before. Then oil rallied and we actually had a modest rally going in the middle of the day. Well, that all faded when a reut
Hard. The Dow Jones Industrial average and the nasdaq closed in correction territory, meaning the indexes are now more than 10 off their most recent highs. The reason once again was china. That country suspended trading after just 30 minutes. Its benchmark index falling 7 . More on that in just a moment. But first the closing numbers. The blue chip dow index plummeting 392 points to 16,514. In the last four days the dow has shed 910 points. The nasdaq falling 3 , off 146 points. And the s p 500 lost 47. And as for oil, which continues its slide, it hit a 12year low during todays trading session to close around 33 a barrel. Bob pisani has more on the selloff from the new york stock exchange. Reporter after another down open we pared some losses almost immediately after that as the chinese authorities suspend the Circuit Breakers they had implemented just four days before. Then oil rallied and we actually had a modest rally going in the middle of the day. Well, that all faded when a reut
Hard. The Dow Jones Industrial average and the nasdaq closed in correction territory, meaning the indexes are now more than 10 off their most recent highs. The reason once again was china. That country suspended trading after just 30 minutes. Its benchmark index falling 7 . More on that in just a moment. But first the closing numbers. The blue chip dow index plummeting 392 points to 16,514. In the last four days the dow has shed 910 points. The nasdaq falling 3 , off 146 points. And the s p 500 lost 47. And as for oil, which continues its slide, it hit a 12year low during todays trading session to close around 33 a barrel. Bob pisani has more on the selloff from the new york stock exchange. Reporter after another down open we pared some losses almost immediately after that as the chinese authorities suspend the Circuit Breakers they had implemented just four days before. Then oil rallied and we actually had a modest rally going in the middle of the day. Well, that all faded when a reut