Twoyear option, we are looking at next trading action and the dow is down 3 10 of 1 . The s p and the nasdaq is higher , the nasdaq is off 7 10 of 1 . We wereare look looking at steep declines for the doubt but that seems to have slipped a little bit after mixed trading action. After weeks of a volatility we are looking at two big names, amazon walmart. Amazon shares are up nearly two and a half percent and one reason could be walmart down 9 . The company missed its earning estimates and behind that to some degree, weakness for the companys online business. Growth the celebrated and came 50 . 23 , down from and on this, the 2018 your view is disappointing and we can see that amazon seems to be benefiting to some degree from this. Other movers on the day, we are looking at the chip space. Look at the Philadelphia Semiconductor index, up 2 and outperforming major averages. We have annexed the semiconductors up sharply, up 60 on news the qualcomm has up its bid on the company. That dealt
Is not often the way we end. On thursday and friday you werent here thursday and friday no. It continued. The bill murray bottom, which we were up 300 points on that friday, suddenly up 1200 points. We made back about twothirds of the losses. If we were to close down over 200 today, the dow would fall under 25,000 so were back to 25,200 again. The art cashin has the from a month ago where people were like, oh, my god it needs to be kept in perspective. 291 on the tenyear. Youll look at that later. That 2. 6 or 3. 0. What did he say he said thats the question 3. 0 is more likely. In asia, some markets are still out now. They have been closed because of the Lunar New Year the nikkei down by 1 . The hang seng down by 0. 78 . In europe, many of the markets are mixed. The dax is flat. Cac is up 0. 2 the ftse down by a quarter percentage point if you get to treasury yields, the tenyear is what weve been watching just below 2. 91. Home depot just out with quarterly numbers. Retailer reporting
Woodruff those are some of the stories were covering on tonights pbs newshour. Major funding for the pbs newshour has been provided by moving our economy for 160 years. Bnsf, the engine that connects us. Supported by the john d. And catherine t. Macarthur foundation. Committed to building a more just, verdant and peaceful world. More information at macfound. Org and with the ongoing support of these institutions and. This program was made possible by the corporation for public broadcasting. And by contributions to your pbs station from viewers like you. Thank you. Woodruff wall street battled bad news all day and ended with sizeable losses. A computer glitch that stopped trading for hours. The Dow Jones Industrial average lost more than 260 points to close back near 17,500. The nasdaq fell nearly 90 points and the s p 500 fell 35. Ifill microsoft announced today its cutting another 7,800 jobs, or about 6 of its global work force. The cuts affect the companys struggling phone business.
Woodruff those are some of the stories were covering on tonights pbs newshour. Major funding for the pbs newshour has been provided by moving our economy for 160 years. Bnsf, the engine that connects us. Supported by the john d. And catherine t. Macarthur foundation. Committed to building a more just, verdant and peaceful world. More information at macfound. Org and with the ongoing support of these institutions and. This program was made possible by the corporation for public broadcasting. And by contributions to your pbs station from viewers like you. Thank you. Woodruff wall street battled bad news all day and ended with sizeable losses. A computer glitch that stopped trading for hours. The Dow Jones Industrial average lost more than 260 points to close back near 17,500. The nasdaq fell nearly 90 points and the s p 500 fell 35. Ifill microsoft announced today its cutting another 7,800 jobs, or about 6 of its global work force. The cuts affect the companys struggling phone business.
Flat. The ftse is down by 0. 1 in italy. Crude was the big story yesterday. Wpi this morning is up once again by 1. 6 . Gain of 77 cents to 48. 10. This comes after it looks like additional countries from opec are standing with saudi arabia saying those production cuts need to be expanded and also we saw a surprise decline in the supplies here in the United States. Now lets talk about todays corporate story. Shares of snap plunging after the Company Released its first report since going public. Snap missed on the top and bottom lines. The company struggled to keep up with user growth validating a lot of concerns about its ability to take on facebooks insta fwram and tgram and the s feature. Heres what evan spiegel had to say about competition on that call. People will copy your product if you make great stuff. When google came along, everybody felt they need a search strategy. When facebook came along, everybody felt they needed a social strategy. With snap, we believe everybody will d