Aigail, it felt like broadbased selloff within the s p 500 all the way down to tech stocks. Abigail it was a broad selloff. A far more concentrated as you were just mentioning with the mega cap tech stocks. There was weakness for tech. The dow had been higher. That tells you the degree, the dow closing sharply as well. The closing pressure came for tech stocks. The worst day since march. The faang index down. Tesla down 9 . The stocks and chips also down 5. 7 . And you were mentioning that this was the correction folks were looking for. Tesla up out of the march low. Plus the stocks split for tesla and apple. People wondering when the hangover would come. Today seems to be the case. Perhaps a little bit too far, too fast. We also have bearish action. Broadcom put up a beat, but it was narrow. Beating sales by less than 1 . One of the tech fires that was really not that great. And doc you sign after a really bearish day. This stock up 227 on the year, 4. 6 bearish. Another case of too f
Territory. The week has had news of ashares cell a share sell. China puts money on chips to counter rising pressure from washington. It has the same level of backing as the Atomic Program enjoyed years ago. Sophie lets get a check on the set up in asia. Some much awaited pullback on wall street. Asian stocks look set to fall. 1930still Holding Around levels and the yen above 106. But when it comes to stocks in china and hong kong, a drop is productive at least 1 . Softbank is said to be considering a bid for tiktok. In the Semi Conductor space, news that china is planning to support the domestic industry, which launched a billiondollar route in u. S. Chip stocks. Also in south korea, watching for any details of a potential in thecash handout budget that could be announced this weekend. A snapshot of the u. S. Close, the s p fell the most since march, and it was the biggest sincefor the s p june, the biggest drop for the nasdaq since march, with apples market cap falling below 2 trillio
Were looking at a sharp selloff for the nasdaq, down 271 points right now, the s p and nasdaq snapped a winning streak on friday. The markets are down across the board. Large labor day parties raising concerns about a coronavirus spike. Creating a futuristic Fan Experience at the u. S. Open. Watson using Artificial Intelligence to allow fan interaction, even with empty stands. Mornings with maria is live right now. Global markets this morning are under pressure, take a look at european indices, markets are under pressure as concerns grow over a no deal brexit. The cac is down 63 and the dax is lower by 108. Germany is showing signs of a slow recovery. Exports rising 4. 7 in the month of july, imports were up just over 1 . That was far below prepandemic levels. Checking asian markets this morning, take a look at what happened overnight, green across the board in asia, best performer as you can see japan, nikkei average up three quarters of a percent, same situation with the shanghai com
Thanks so much for joining us, im laura garcia. Im marcus washington. First, we want to start with meteorologist kari hall with a look at the forecast. I was asleep and i heard the wind blowing and the howling of the wind and those winds were gusting in my area in san jose. Yeah, we are seeing some of those gusty winds starting to pick up in spots. During the overnight hours and were looking at a few more clouds moving in but overall were not going to see any major problems today. Just a little bit of a change as we get ready for a slightly cooler day and that cold front coming in means that we will have a comfortable afternoon. Well see those temperatures at noon in the mid 70s. Make some plans to get out and enjoy it. Temperatures in the 80s and look to todays forecast some spots in the mid 80s and some spots coming down compared to what we had recently. Well talk more about this and a hot weekend ahead coming up in a few minutes. Mike, how is it looking in the Early Morning drive .
And just howling and it woke me up. Yeah, were going to have some cooler temperatures today now that were seeing that front blowing in. Gives us a little bit of a break. As we take a live look outside, that wind also mixing out the fog in San Francisco and were seeing a mostly clear start to the day. As we head inland were checking out our temperature trend and step out the door in the mid 50s and see it in the upper 70s by 1 00 today. Well talk about that warmer weekend weather. Mike, how is it looking for the commute . Laura is right, as far as the workweek goes the last work day and tomorrow is the holiday for many. As we look at the roadways, we see fremont where the crash has been a delay north 880 past mowry and final stages of clearing up. Activity on the shoulder and not in the lane. Smooth drive and san jose is already lightening up and well send it back to you. Thank you very much, mike. From the governor on down, the push to wear masks is certainly getting serious now. But t