Record territory. Its the Third Straight day that those two indexes, arguably, the most recognizable market gauges in the world, finished at records. Here are the final numbers. The blue chip dow added to 19,083. The nasdaq took a breather and fell 5, but the s p 500 tacked on a penny, 1. 78 to be exact. We reported on the sectors and stocks that propelled the market to new highs. Tonight dominic chu looks at the turkeys, the ones the rally left behind, as family and friends gather around the dinner table, some investors are talking a different kind of turkey and thats the stocks that have gone foul in their portfolios. Yes, that bad pun was intended. Around 30 stocks have lost 20 or more of their value in 2016 and among the big names, drugstore and pharmacy benefits company, cvs, down 24 , also under armour down 27 and solar paw power companies, first solar. There are also other types of turkeys in the market, as well. Stocks that have gone little in the way of Capital Appreciation an
With the nasdaq losing almost 1 . The s p 500, we see it holding at a threeweek low, falling as low as 2050. Now recouping some of the losses and coming back down. Map functionat the i on the bloomberg, you will see what sectors are losing the most. We are seen Energy Stocks falling the most right now because oil has now fallen for six consecutive days. Now, another thing we are looking at right now is leasing companies. United rentals look at that fall of more than 6 right there. We are hearing data for may fractionallyld up on the year, rekindling concerns about equipment supply. We have other Listing Companies losing ground today. Look at the airline sector. They are another sector that are badly hit. A now see them falling for fourth in five days. American airlines now more than 4 . They have been just cut to to underperform from neutral by a banker from bank of America Merrill lynch. A say Airline Companies are very vulnerable to shortterm shocks. Seems like a lot of red on the bo
Economy which the organization for Economic Cooperation and development says is vulnerable to another deep down turn and warns that urgent Government Action is needed. Those Global Growth concerns were evident in the latest data out of china, the worlds second largest economy reported weakness in the Manufacturing Sector and here in the u. S. While things are better the economy isnt firing on all i l sillen ders. Reporter business malgrowth is set to continue this year and next unless governments stop relying on Central Banks and low Interest Rates and rely on themselves. That was the latest report today from a global group. In the latest forecast they said Global Growth will remain 3 this year or the same as 2015 and rise only to 3. 3 in 2017. Growth is seen weakening in the u. S. And there was a little change for europe and japan. The oecb slashed its forecast for china to 6. 5 . It calls it a low growth trap. The reason why were in a trap is because theres insignificant demand. In o
Think its about to get a lot worse next week. The action begins now. Very superstitious lets get right to it. While everyone was focused on apple and twitter, another tech giant took it on the chin. Is this your best chance at getting facebook . Lets get in the money and find out. What do you say . I thought the stocks reaction was pretty, you know, okay. Robust. It was very muted, right . It was. You know, to use the term maybe inflated, maybe, you know, inflating the situation there a little bit too, but, you know, to have a metric off like that that is so important to this big shift in advertising for as long as they did, its troubling. It may make you thing what is this growth built on . The Revenue Growth has been 50 , 60 , 70 . Theyre expected to do 27 billion in sales. It took google eight years to get to 27 billion in sales. Theyre doing it in the last three years. Theres something going on there. Probably some legs. Thats exactly the point, right . The elephant in the room whe
Closed relatively flat. Nikkei was down by about 0. 3 . In europe, it looks like things are modestly weaker. The dax is down by about 0. 3 . The ftse looks flat. Lets get you through some of the top stories this morning. We have citigroup expected to report at 8 00 a. M. Eastern time. Analysts looking for the bank to post earnings of 1. 03 per share on revenues of 17. 5 billion. Citi has already said Investment Banking fell during the quarter. Worth watching. The bank could give us a better snapshot of the Global Economy than some of its peers. More than half of citis revenues coming from outside the u. S. Citi was the only bank to make it through the living will process. Probably questions on that Conference Call about that as well. Were also watching oil prices ahead of this weeks highly anticipated producer meeting in doha. Ministers from the biggest opec and nonopec countries debate the next steps in a production freeze. But russias finance minister telling cnbc it wouldnt have tha