S p 500 down 5. 50 at 1,655. The dow clocking its worst weekly drop of the year. We want to get into it with bob pisani who has the damage ass s assessment. What a week, bob. Reporter yeah. And it was not a beautiful close at all. But i guess better than it was earlier in the day. Put up the Dow Jones Industrials average. We were much lower today. We had a modest little rally in consumer names like cocacola, just around 3 00. But it did end in the red. Put up the s p 500. I want to point out in addition to the Interest Rate rise that was the real pressure on the stock market, the s p also broke through its 50day moving average. That was about 1,657. Around 1 00 eastern time. And you see the decline there. I think technicals played a role in the drop that we saw today. Other than that, put that 10year yield up. Theres the star of the week here influencing the stock market. In a way like nothing else did. Twoyear high in the 10year. Still no sign of imminent top in that particular intere
Watching apple. Again. The stock has not closed above 500 a share since january. It has a real shot today. Take a look. It is the why the stock that is surging that has our attention. Carl icahns tweet yesterday has so far netted him about 70 billion on his apple investment. So should we expect more of the highly publicized social media announcements . Is that good or fair for the free market . 70 billion, bill he bought a ton of apple, and is making a lot of money right now on that. Also, awaiting another briefing on the air tragedy involving the u. P. S. Cargo plane outside of birmingham, alabama, crashed first thing this morning. Sadly, both crew members died in that accident. And now were awaiting news on why it happened. Well have the very latest on that. Phil is monitoring that for us, coming up in a few minutes here. A tough story there. Lets look at the market as we approach the final hour. As the bell sounds in about an hour. The dow is down 105 point, just shy really of the l
all, right? oh, yes, the second worst week of the year. i m maria bartiromo, along with bill griffeth. another big day of wild swings. investors getting whiplash with the dow swinging back and forth. this is expiration day. you know, we ve lost about 500 points on the dow in the last three days after the fed meeting. and today, in this last hour, we will have expiration of options and futures. so we ll probably get more volatility. we ve already had a lot of volume. look at that volume right now. because of the expiration. now we ll get some volatility as a result of that. and, also, coming up on the program, the dow has had eight consecutive 100-point moves, either up or down in this market. and while that streak is in jeopardy right now, it could all change, of course, in a heartbeat because of the volatility of the trade in the last hour as a result of the expirations. so we ll watch it very carefully. we re up 61 points. it wouldn t take much right now. a pretty
its back on the risky assets, but we are seeing a bit of a bound, let s look at it right now, there it is, smartly we were down 190 on the lows of the day for the dow, now down 84 points at 12,418. we will keep a close eye. 11 points at 2827. the s&p 500, as we said at one time down 8%, with the low point of the day, now smartly off that. talking about phony phony, that stock is bouncing back. the gains today come despite preliminary inquiries into facebook s messy ipo offering, and they were being sued by shareholders as well. right now we want to circle back on this sea of red on wall street, risk aversion back on the street, as political wrangling in europe sends investors here running for the exits. is this a fear-driven sell-off unwarranted necessarily or signs of something worse fundamentally going on. you make the point this is a fear-driven sell-off, but is it wanted? the u.s. economy, we still feel that it s a strong economy. we re still looking at 2.5 to 2% gd
a fair amount of action for a shortened trading session, especially the day before christmas. markets with brian schactman at big board. brian, s&p 1126 about to pun. through what some have called short term resistance here. we don t have brian. here s our special guest. some of best insight he s given us in months. we ve been waiting for that. my son johnny here. welcome. hi. can you read did you read the board there? you see the dow jones up there, johnny? it just changed. 10519. pretty good. hoe likes the nas. he s more had a good time. happy holidays. we ll see you. [ bell ringing ] it is 1:00 on wall street. do you know where your money is hi, everybody, pewelcome to th closing bell. i m maria bartiromo. stocks rally again the fifth day in a row with the major indices hitting new highs for the year. a lot more on all of the market action coming up on this christmas eve holiday. first our team with more on top stories. democrats have achieved