the lowest we have been is 385 points. we have to peep a close eye on bank of america today. it s down over 16% right now. it s a dow component, the number one looser on the dow. aig suing bank of america today in a $10 billion suit alleging massive fraud for mortgages. so many of the bank stocks are hitting 52 heuf week grows. morgan sacks, citigroup. morgan stanley just to name a few. gold right now 1713 a troy ounce. jf morgan is looking at $2,500 a troy ounce by year-end. so we ve seen gold moving higher and that s been the one area that s been soaring. the safe-haven you could say along with treasuries. no one really knows exactly where to put their money so they are running over to quit erring gold. oil is pulling back on the thoughts of a week economy and we see oil at $83.
moments ago. standard & poors following up with the downgrade of our debt with a downgrade of our mortgage giants fanny mae and freddie mac, not necessarily unexpected but another dynamic to this story. sandra smith is live on wall street with more. sandra tell us a little bit about the market reaction thus far to this news. reporter: jenna, jon it s not good. the markets are royaling right now in light of the credit rating being stripped. they had a chance to adjust to it over the weekend. now a new blow to the markets. fanny mae and freddie mac, their aaa rating has been stripped by s&p. the dow has been plunging triple digits. a 360 point drop we ve seen in the dow today. the nasdaq, the s&p 500 dropping even more. more than 3% drops across the board and it s not just the stock market, an even weaker sign about not just the economy but the global economy, oil prices are plunging today. we are now looking at low prices for oil in the $83 range. it s now nearly $3. jenna a
jenna: one of the other parts of this story happened just a few moments ago. standard & poors following up with the downgrade of our debt with a downgrade of our mortgage giants fanny mae and freddie mac, not necessarily unexpected but another dynamic to this story. sandra smith is live on wall street with more. sandra tell us a little bit about the market reaction thus far to this news. reporter: jenna, jon it s not good. the markets are royaling right now in light of the credit rating being stripped. they had a chance to adjust to it over the weekend. now a new blow to the markets. fanny mae and freddie mac, their aaa rating has been stripped by s&p. the dow has been plunging triple digits. a 360 point drop we ve seen in the dow today. the nasdaq, the s&p 500 dropping even more. more than 3% drops across the board and it s not just the stock market, an even weaker sign about not just the economy but the global economy, oil prices are plunging today. we are now looking at
cowboys stadium, after four inches fell. it started coming down around midnight. causing cars to slide all over the highway. others the just got stuck. lals love field, home dallas love field, home to southwest airline, is back open. it was closed for part of the day, as crews tried to clear the runway. i ve been trying to fly back to tennessee for the last three days. reporter: airlines canceled more than 100 flights at dal fort dallas-ft. worth international airport. last year, for the all-star game, it was like this. so i m thinking, here s the super bowl and it s like this again. reporter: mother nature has been battering north texas all week. causing schools to close and forcing roibles. the snow is putting a damper on sales. although some say it feels like home. reminds me of being in detroit, when we won super bowl 40. the sun is expected to shine. not that it matters. the game itself is being played indoors at cowboys stadium. reporter: kendis gibson
good morning. it s thursday, april 15th. i m patrice harris. it s tax day. you got to get out there and get those returns mailed off if you haven t done so already. you will have good weather to do it in. meteorologist steve fertig is here with a look at the forecast. and tax time always makes things feel better. i roller bladed to the post office. you would do that? it s going to be a nice day. take the bicycle. it s going to be a nice day. take a look at where we start with the temperatures in the lower 40s. it s on the cool side but not compared to where we should be for this time of year. a little cooler yesterday with the exception of salisbury. and we re headed for the 70s by the way. clear skies. that s the way things start, and that s the way things should finish today with high pressure, bringing a southwesterly flow that will warm us into the low 70s and upper 70s by tomorrow before the next front pushes through later tomorrow and brings us some showers, with