For the s p 500 in the last week, and then there was a lot of selling. The nasdaq was briefly in the green before fading back down. Seems as though the concerns last week about higher Interest Rates and the feedback loop into the u. S. Economy are persisting. As well as the sense that the market was overdue for a correction, even as we get some investors saying that it is no cause for alarm. We have seen the point swing increase in the averages. The s p and the nasdaq, with a trading range in the s p 500, swung back to the market. They really hadnt been there in the past year. You see a clear up trend in the average in terms of the swings in the points in the s p 500. This as we watch the vix today go to its highest since november 4 of 2016. The worst performing group today, speaking of a return to volatility, the s p 500 volatility index. We are definitely seeing a risk off scenario that has to do with whats going on with the earnings from these companies. Hass becomes the latest to r
Matt we are nearing the Halfway Point at the trading day. Lets go to the markets were Abigail Doolittle has the latest. Abigail great to be here. Good to see you in person. We do have a nice rally going on here for u. S. Stocks, the dow s p 500 and nasdaq are all nicely hired. We see the bullish activity accelerating for the day. Nice exemplified the dow having its best day since august 5. We pull up a chart in the bloomberg, beautiful rally. This is where we started. We are now nicely higher on the best day for the dow since august 5. Of the s p 500, it is a bit a different story. We have the s p 500 languishing to some degree in a range interestingly unchanged over the last 10 days despite some of the choppiness in the range. Individual movers, lets look at stocks moving on music news, starting with amazon and pandora. Up nicely on the news out of a report from the Financial Times that the company could want a streaming Music Service very soon. Perhaps as soon as next month. Pandora
Tremendous this is the third maw and ice storm this month. More than 10,00 10,000 flights e been canceled this week, 1,000 today alone and as Terrell Brown reports, the timing of this storm couldnt be any worse for retailers among a short shopping season that has been underwhelming. Reporter in the middle of a dusty snowstorm on a 19degree day in mohegan lake new york, nicki couldnt resist going to shop. We are in a snowstorm. Yes. And you are shopping. Yes. Why . Because it is still christmas, and things still need to get done and there are gifts to buy. Reporter a snow day for retailers during the Holiday Shopping season could be the difference between a profit or loss. So many so many stores stayed open and were counting on shoppers like audra aggin. The stores are throwing some good sales, to, so you have to get out when they have the sales. Reporter in upstate new york, clearing the snow has been a week long marathon. Just ask ron bacon. I get out with a blower and blow it out and
. jason zuma made it at midnight. they come together and praise nelson mandela. welcome back to this cnn newsroom from the white house to buckingham palace. the former south african president and peace prize laureat died at his home on thursday following a long illness, he was 95-years-old. queen elizabeth said she was deeply saddened to learn of the death of nelson mandela last night. he worked hire it isly and his legacy is the peaceful south africa we see today. they say, inpart, mr. mandela