Welcome to power lunch. Im michelle carusocabrera. The major averages are lower kicking off the busiest week for earnings but the s p tracking for its best monthly gain since february the nasdaq was on track right here, yes. Best month since january oil pushing higher, crude prices up more than 1 . We keep show l well get to that. Financials carving out small gains, utilities and health care lagging, j j, home depot, the biggest losers in the dow right now. Some of the big movers pandora higher on news of state pajama makers, maybe not blue apron, we finally get it, soaring on positive comments but hasbro is tanking. A deeper dive on these stocks straight ahead here on power lunch. Thank you, michelle. Im tyler madison. Waiting for Jared Kushner to make a statement at the white house after his session with the Senate Intelligence Committee Earlier today. We are also waiting for the democrats to unveil what they are calling their better deal for the economy and for americans at an event
Market is when you have a reflection point, when youre changing direction. In the high we have in august, were now down about 3 from that high with the moving day average. This is the point that you have to sit up and take notice. Is the market going to continue to move in a negative direction . Thats the question for this hour on parliament. Bob pisanti is with me on the moves we saw today. Weve seen in the last several weeks the dow industrials when the market opened and essentially the dow moved straight to the down side. Here we have a little stability on the day, and thats happened often as well. The decline is when you have two big places like cisco and wall mart. Remember, the stock market we were promised better growth in the second half of the year. The initial indications we see with two Big Companies, thats not happening right now, and thats one of the things other than high Interest Rates that the market is grappling with. Kohls is on the upside here. That happened, i think
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