Swapping out pfizer for amgen. Raytheon youll hear later today. The largest oil and gas company with one software play dropping a respected drug company for a descent biotech . Kicking a defense contractor to the curb for an industrial if it makes you scratch your head, youre not alone these changes had enormous impact the dow dipping 60 points and the s p dipped and nasdaq gained 6. 7 in all honesty, these moves made a lot of sense they bring the dow closer to the reality of the new cone economyt the memory of the old. Before i delve into each trade, there is an aspect of the dow like the king to the s p 500 Prime Minister same t simultaneously more prestigious. Only included the dow because i had old investors regarded as the most important benchmark we live in the efts of trillions of dollars and whatever name gets swapped in, there is a gigantic wave of buying and selling. The dow has little money invested in etfs its a big deal if you work for them because this is an exclusive clu
Sector is red hot, social media but can the group keep trending in the eyes of investors. Turmoil in egypt. Big American Companies halting operations in cairo, and as the violence escalates, its putting a major defense firms multibilliondollar deal in jeopardy. That and more tonight for friday, august 16th. Another milestone on wall street today but not good. The dow posted the worst weekly decline for 2013 and not only the blue chip struggling, a lousy week. They closed in the red for the second week in a row. What continues to nag investors is conflicting reports about the economy, like todays news. A closely watched Consumer Sentiment survey fell sharply, but there were strong numbers from housing, and well have more in just a moment. So investors played it safe and sold stocks. The dow lost 30 points. The nasdaq slipped three, and the s p off 5. 5 points. Look the at the week, the dow and s p tumbled 2 . In the barn market the yield on the tenyear treasury spiked. With stocks takin
Multibilliondollar deal in jeopardy. That and more tonight for friday, august 16th. Another milestone on wall street today but not good. The dow posted the worst weekly decline for 2013 and not only the blue chip struggling, a lousy week. They closed in the red for the second week in a row. What continues to nag investors is conflicting reports about the economy, like todays news. A closely watched Consumer Sentiment survey fell sharply, but there were strong numbers from housing, and well have more in just a moment. So investors played it safe and sold stocks. The dow lost 30 points. The nasdaq slipped three, and the s p off 5. 5 points. Look the at the week, the dow and s p tumbled 2 . In the barn market the yield on the tenyear treasury spiked. With stocks taking a tumble after shooting higher since the start of the year, the big question is this the full fledged correction so many on wall street were predicting . Jackie dela jack jackie deorange looks. Reporter this trend raising s
Multibilliondollar deal in jeopardy. That and more tonight for friday, august 16th. Another milestone on wall street today but not good. The dow posted the worst weekly decline for 2013 and not only the blue chip struggling, a lousy week. They closed in the red for the second week in a row. What continues to nag investors is conflicting reports about the economy, like todays news. A closely watched Consumer Sentiment survey fell sharply, but there were strong numbers from housing, and well have more in just a moment. So investors played it safe and sold stocks. The dow lost 30 points. The nasdaq slipped three, and the s p off 5. 5 points. Look the at the week, the dow and s p tumbled 2 . In the barn market the yield on the tenyear treasury spiked. With stocks taking a tumble after shooting higher since the start of the year, the big question is this the full fledged correction so many on wall street were predicting . Jackie dela jack jackie deorange looks. Reporter this trend raising s
Turmoil in egypt. Big American Companies halting operations in cairo, and as the violence escalates, its putting a major defense firms multibilliondollar deal in jeopardy. That and more tonight for friday, august 16th. Another milestone on wall street today but not good. The dow posted the worst weekly decline for 2013 and not only the blue chip struggling, a lousy week. They closed in the red for the second week in a row. What continues to nag investors is conflicting reports about the economy, like todays news. A closely watched Consumer Sentiment survey fell sharply, but there were strong numbers from housing, and well have more in just a moment. So investors played it safe and sold stocks. The dow lost 30 points. The nasdaq slipped three, and the s p off 5. 5 points. Look the at the week, the dow and s p tumbled 2 . In the barn market the yield on the tenyear treasury spiked. With stocks taking a tumble after shooting higher since the start of the year, the big question is this the