this latest coming in the wake of white house in which comey confirmed there is an ongoing investigation into the ties to russia. the stock market at a major turning point. unrelenting optimism over president trump s policies colliding with the realities of washington. that has caused fear to creep into the market. look at this, the dow tumbling 238 points. the s&p 500 shedding 1.25%. that marks the first drop of more than 1% in the last 161 days. there hasn t been a drop of more than 1% going all the way back to early october. so really reversing a trend here. the nasdaq was the biggest loser down 1.8%. those losses driven by tech someplace of the hottest names facing losses. facebook down 1%. amazon down 1.6%. netflix, and wall street just a
investigation into the ties to russia. a main turning point in the stock market. unrelenting optimism over president trump s policies colliding with the realities of washington. that has caused fear to creep back into the market. sent the dow tumbling 238 points. s&p falling more than 1%. the nasdaq was the biggest loser. look at that tech stock slam. what s next? futures are down this morning. it could be a pause or a slump back over that. the meetings behind the stock market is slowly shifting. this is what we call the fear and greed index. you can check it out on cnn money. right now it s showing modest fear, extreme greed as investors rushed to buy stocks with optimism on tax reform. same from a year ago where the market was charging back to a rough start. a new fund manager from bank of america merrill lynch 34% say
closing bell, the dow tumbling once again. we ll get the latest on that as we look ahead to the market closing straight ahead here on msnbc. across america, people like basketball hall of famer
that is significantly changing dynamics in the region. we are in the early days but troubling departure at the stage in yemen. nick paton walsh, thank you. stocks tumbling. i want to bring in alison kosik. it looked ugly yesterday. futures are down. expect red arrows. dow could open 1% lower. the dow tumbling 292 points. erasing all of the gains it made for the year. the s&p 500 fell about 1.5%. we saw technology stocks get hit especially hard. that wound up sending the nasdaq down 2%. far away from the 5,000 level we had been watching for a couple days. they are worried about slow growth. for weeks, the market rallied to keep the fed reserve from raising rates. wall street is no longer cheering that bad news. now that the fed indicated it could raise rates.
conventions now is put an amendment out there for everybody to vote on to put part of the platform that we want to impeach president obama. it s an opportunity is what it is. it s an opportunity for the opposition to ask all of the state leaders in whatever state it happens, such as south dakota over the past weekend. ask john thune, if he is in favor of impeaching president obama? you mean he doesn t stand with his party? i think it s a real political opportunity. how it s going to work out for them? i think it s well documented, the obstruction. stick around, rapid response panel is next. i m bertha coombs with your market wrap. stocks closed lower across the board on worries about iraq. dow tumbling 100 points and s&p 500 off 12 and nasdaq falling 18. consumer confidence to the highest level since the start of