Around 1840 on the s p 500. Nobody was particularly talking about that as a technical level but we did see suddenly a raft of sell programs come in a little after 11 00 as we hit that 1840 level and the markets just dropped lower. There is two reasons why the dow is underperforming the s p 500. The first is that there are three dow components out with earnings and all of them are trading to the down side, not because they were necessarily terrible earnings, but investors sold right on the news. Johnson johnson beat but the outlook was disappointing. Travelers had a very good beat, good numbers, but their commercial lines have been slowing down. The other reason the market is weak, the dow is underperforming, is high priced stocks, stocks over 100, are weighing on the dow and having a disproportionate effect. We have had a lot of high priced stocks in the dow recently. There are now seven over 100 and four of them are now having a negative effect on the dow. Back to you. Bob, thank you
Third quarter Earnings Call is starting. Were on it. Well bring you every detail. Gouging calfornians at the gas pump. Stringent environmental regulations could be costing drivers big bucks here in the golden state. California governor gray davis is here with his take in a fox business exclusive. Even when they say its not it is always about money melissa first, take a look at the days market headlines. The bulls in full retreat. A wave of poor earnings reports trigger ad widespread selloff. The dow dove 243 points, its worse loss since june. All 10 s p 500 sectors closed in negative territory. The nasdaq fell below 3,000 for the First Time Since august 6th. Not good. They missed Third Quarter independent estimates and lowered full year outlook. Dupont announced a Restructuring Plan that would lay off 1500 employees. Yahoo was one of the markets few bright spots. Its shares lept 5 . Yahoo was stablized with higher revenue. Here is my plan for the next four years, education and training
Is starting. Were on it. Well bring you every detail. Gouging calfornians at the gas pump. Stringt environmental regulatis could be costing drivers big bucks here in the golden state. California governor gray davis is here with his take in a f fox business exclusive. Even when they say its not its always abou money melissa first, take look at the days market headlines. The bulls in full rreat. A wave of poor earnings reports trigger ad widespread selloff. The d dove 243 points, its worse loss since june. L 10 s p 500 sectors closed in negative territor the nasdaq fell below 3,000 for the First Time Since august 6th. Not good. They missed Third Quarter independent estimates and lowered full year outlook. Dupont announced a Restructuring Plan that would lay off 1500 employs. Yahoo was one of the markets few bright spots. Its shares lept 5 . Yahoo was stablized with higher revenue. Here is m plan for the next four years, education and training a national priority. Boostings americanmade e
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