gain in shares of jpmorgan chase though the committee has taken aim at the multibillion dollar trading loss holding a hearing all day today. here s what the trading has looked like today. dow up 50 points now at 12,554. the nasdaq, yesterday s huge leader led higher by apple, today a lagger. up just a fraction, a four-point gain at 2,851. the s&p 500 up half a percent at 1,322. facebook s downward spiral, continuing with shares down another 5% today. very heavy volume. facebook shares are now down about 20% from the company s ipo price of $38 a share. facebook taking more heat today. this time on reports that an analyst at facebook s lead underwriter, morgan stanley, unexpectedly cut his revenue expectations ahead of the ipo, after the company issued an amended prospectus. now the question is, who did he tell, who knew, and when did they know it, bill? exactly. that is a very big question we want to get into. all of this involving facebook, is highly unusual, prompting ma
needed if inflation remains too low for too long. steve liesman will be here to discuss the economic outlook. meanwhile, the fed concerned about the housing market. we re going to focus on another interesting phenomena. we ll show you why some big name investors are swarming into the housing market and scooping up hundreds of homes in one fell swoop with a buying opportunity. maria? the market bass down about 40 minutes when the minutes first came out. a decline of a better than 100 points. first, take a look at where we stand as which and proech this final stretch. dow jones industrial average, down 112 points. last trade on the dow. nasdaq also weaker and accelerating the losses after the minutes were released. sharp down draft just 2:15. down 17 points. and the nasdaq and s&p dropping 115 points. the fed minutes is getting the most attention at this hour. in short, we saw stocks fall, oil fall, and the policy makers are less keen to see them moving. one trader telling me
stocks. and chinese industrial profits fell more than 5%. first sustained drop indicator since 2009. you re watching worldwide exchange. we are getting of course some communique coming out from the north korean summit. world leaders pledging strong action to combat the threat of nuclear terrorism including minimizing the use of highly enriched uranium that can be used to make bombs. apparently it s a planned nuclear summit communique, seeks a safer world. uninspiring are what some people are calling it. of course world leaders are gathered for the two day nuclear summit, reaffirming the immediate to work harder to ensure a safer world for all. it also made a joint call to secure all vulnerable nuclear material in four years and back the international atomic energy agency and facilitating international communication. we will head out to seoul for the latest details and analysis in about 30 minutes. meanwhile draghi says the liquidity operation will not have an inflationa