Right now down as much as 5 this week, down 20 since july. What low Oil Prices Mean for the economy, for consumers like you and for retailers. And get ready. A ton of earnings next week. The names you should be watching and how to trade them ahead of the results. Sue is here today. Cnbc headquarters. I am. And wow tgif. It has been a wild week for stocks. They are near session highs roith now. We will see whether that holds going into the close. Right now the Dow Jones Industrial average traded up 54 points. The s p in the green by about two. The nasdaq is the troubled child for the market today down 33 points, the chip stocks getting decimated. The russell 2000 is on the upside but just about by two points. The transports which were down close to triple digits at one point have dramatically paired their losses. The three major down about 2 . The nasdaq down more than 3 . The dow transports we mentioned were having a tough week down more than 6 for the week. In terms of the oil market
Points. At 1969. Bouncing off of some pretty strong support according to some traders today. The nasdaq has done well. Up 54 points right now. At 4484. Lets show you the russell. Thats been the laggard lately and it is again today and 1 gain. You cant quibble with that. Trading at 1107. Just a little context there, perspective. I think that the s p and the dow about 2 away from the record highs. Right . So, you know, keep on watching until the close because these markets are absolutely soaring today. After that better than expected payroll number this morning so the move coming two days, though, after 200point drop. Remember that move telling you about . We want the know what you think and whether or not you think the selling in this market is overfover for now and let us know what you think. Showing you that vote as you can see discussing things. Yes. We call it i pow wow. Yes, we do. Joining us now on the closing bell exchange, sunny, rob morgan, doug gordo and of course our very own
The russell 2000 is now in correction territory down 10 from the july high down about 1. 1 on the trading session. That sent money down in the bond market but it is significant to note the yield is 2. 41 . Transportation average down almost 200 points to the down side. A bit of a bounce in the crude market perhaps not a surprise how it was crushed yesterday. Up about half a percent on brent. And if you were ahead of the drop today and you bought inverse etfs you are doing pretty darn well. Lets take a look at that board. Psq is inverse of the nasdaq 100 and shorting mid caps you buy myy. It sounds like morse code. It is another language for a lot of investors. When you talk about the inverse etfs these outperform because they give positive returns when the market goes down. It is a vehicle for traders. When you talk about right now if you look at the overall picture for stocks those etfs are on the upside. This trade today you noted about the dow industrials. We are at session lows dow
New york stock exchange. We get to the markets in a moment. The ebola patient being treated in dallas has passed away marking this the first person with ebola to die here in the United States. As tyler mentioned there are a lot of questions. Meg terrell is live at a major Infectious Disease meeting in philadelphia perhaps with answers for us. Over to you, meg. Thats right. Thomas eric duncan, the only u. S. Patient to be diagnosed with ebola here in the u. S. Passed away this morning. The cdc has clear guidelines on how to handle remains of ebola patients. They say only Trained Personnel should be involved. They should wear full protective gear. Very, very clear protection and that handling of remains should be kept to a minimum and discourage autopsies and say the cdc should be consulted and remains should be cremated promptly. It is also important to note that 48 contacts have been monitored none are showing symptoms of ebola. We expect to hear more from the cdc later today. It is im
And new data on how bad the breach was at jp morgan. It was a computer hacking thing. It is a very, very large number. First to sue. We have a very large number on the Dow Jones Industrial average based on the stronger than expected jobs report which is fuelling todays big rally. Just to recap the u. S. Economy adding 248,000 jobs in september ahead of expectations. Also, the prior two months were also revised higher. The surge in hiring driving down the Unemployment Rate to 5. 9 , the lowest since july of 08. Despite todays big rally the major averages facing a second egweek of losses. The s p 500 is up 22, almost 23 points on the session. The nasdaq is up 53. The transports up 162 points on the session and the russell is up 12. Lt oil, though, continuing to plunge. It is on the down side by better than 1 . 1. 25 on brent crude. West texas off. The gold market down 22 almost 2 there. And the year on the ten year up to 2. 45 . More on the trading action. Morgan brennan is at the nasdaq