The nasdaq is dticking ever so slightly in the green. Down just a tenth of 1 in the s p, 4504 was the last trade there. This is an interesting move only because there might have been folks who believe it could have been the precipitating factor for something much worse, even so today josh, it didnt look like it was going to be massively down but did accelerate into the close. Okay, were down, but whats down the most . It tended to be the stocks up the most on the year he was on with you yesterday and calling it an upsidedown day. Some call it an insideout day it was counter trend you had stocks, the top 20 performers in the market up an average of 23 you also saw a lot of pain in higher yielding stocks, equities, that makes sense a higher yielding bond, long bond i think were probably just catching our breath. I dont think anyone wants to make a big commitment to one side of the market or the other ahead of apple even if its a boring report, it will speak volumes how august progresses
Australia, counting down asias major market opens. Shery the top stories this hour. The u. S. Stock rally hitting a wall following hot jobs data. The s p 500 has its worst day since april, the vix of the most in five months. Haidi u. S. Companies added more jobs in july than expected. Inc. Of america reversing its outlook for a recession. Shery Brazil Central Bank cut its key rate by 50 basis points. U. S. Futures coming online in the asian session, Downside Pressure in the new york session, asher on u. S. Stocks and bonds. This on investors having to digest high job numbers and treasury debt issuance. The day after the Credit Rating downgrade of the u. S. This coming at a time when we continue to see the treasury selloff. We are talking about yields reaching new highs, the 10 year yield at the highest level since november. An upsurge in the yields earnings. It led to more momentum. It is still earnings season, 169 s p 500 Companies Reporting earnings. Qualcomm being the latest. The Do
The ukrainian first lady, waters said extreme nationalists have set their country on the path to a disastrous war. Now on bbc news, our world. Stephen mcdonell travels across china and meets people struggling to stay afloat, with their country showing no signs of abandoning zero covid policy. When it comes to the fight against the coronavirus, one country stands alone. Elsewhere, vaccines have meant learning to live with the virus. Not in china. No income. This is my lowest point and, you know, as a man i cant do anything. Each outbreak is still being met with strict measures to return an area to no new infections. It has held back the death rates and stopped hospitals from being swamped. But its also exhausting the population and hammering the economy. With no clear exit strategy, how long can china keep this up . This is the outskirts of beijing, and when you cross that river you are actually crossing into neighbouring Hubei Province and the town of yanzhou. Now, yanzhou is a popular
The black sea grain jail. The army general who led the military crew and cup on is wanted as transitional president s to army tunnels are arrested in the democratic republic of congo. Following the killing of dozens of demonstrations. The african hands of site gather in nairobi for the continents and local climate. The summit and on far as far with the sports as the reigning womens champion crashes out in the us open world number one, each wind type is defeated by Elaina Austin panko. In the 4th round. The flooded man patience is russia, is open to negotiations to revive the blacks the deals, the training and brian exports. The russian lead has welcome to the turkish president s, the talks, and the results of salt cheap. Its 2 months since russia pulled out of a un broken deal, which guaranteed the safety of ships caring, ukrainian drain in the black sea. The tools follow a russian trying to tack on the port of odessa and the regional gulf nested grind, warehouses and agricultural infr
As long as it tops expectations, they say, nvidia is likely to remain a key tail wind for the overall u. S. Stock market. Theyre going to live up to the hype. Do we really think that one quarterly report, even if they miss is going to motivate investors to remove this company as a core holding and a portfolio . No. This is the anchor. No one is going to say youre going to sell it i dont buy that onebit. Absolutely. I do think, though, if they miss, this stock could go down a lot and the nasdaq could go down 2 so they get the benefit of the doubt if it goes down. Yes, the stock market will go down if theres a miss the bear argument is simple. Forget that they have to beat. They have to beat by how much . They have to beat by an exorbitant amount. Fundamentally, the blackwell chip is coming out later in the y year youve got customers that are going to hold back on spending in anticipation of blackwell the problem is twofold, and the reason why i actually think tonight i wouldnt be surpri