And weigh on an already struggling global economy. It crept into the market yesterday and remained there today, pushing the s p 500 into negative territory for the year. By the close, the Dow Jones Industrial average fell 91 points to 17,435. It had been down nearly 200. The nasdaq was up 26, the s p 500 lost 7. Domenic chu has more on todays slide. A fresh round of worries crept back in the markets as traders continue to digest headlines from the Federal Reserve and key Earnings Reports. The weakness comes a day after the fed left the door open for a possible Interest Rate increase next month and earlier today new york Federal Reserve president bill dudley reiterated the same stance. Im convinced my own forecast is on track. Then i think a tightening in the summer, the june july time frame is a reasonable expectation. It is a question of whether the car cooperates and performs in line with my personal expectations. Interest rate concerns were just part of the picture. You had more unc
And weigh on an already struggling global economy. It crept into the market yesterday and remained there today, pushing the s p 500 into negative territory for the year. By the close, the Dow Jones Industrial average fell 91 points to 17,435. It had been down nearly 200. The nasdaq was up 26, the s p 500 lost 7. Domenic chu has more on todays slide. A fresh round of worries crept back in the markets as traders continue to digest headlines from the Federal Reserve and key Earnings Reports. The weakness comes a day after the fed left the door open for a possible Interest Rate increase next month and earlier today new york Federal Reserve president bill dudley reiterated the same stance. Im convinced my own forecast is on track. Then i think a tightening in the summer, the june july time frame is a reasonable expectation. It is a question of whether the car cooperates and performs in line with my personal expectations. Interest rate concerns were just part of the picture. You had more unc
It trades for whats behind the big move up. 4 on oil. I said my local gas station owner had the ladder out to change the price of the gasoline. Doesnt take long. Donald trump and Hillary Clinton both have been talking about their economic plans today. Well bring you details and get you the plan from a new candidate, independent Evan Mcmullin will join us live to talk about what he would do to create jobs in this economy. Handle regulations, deal with National Security issues. Well talk the gamut of the policy issues of candidates these days. And what the chances areality this point. Check out shares of vail cent hit hard today on reports that the company is under criminal investigation. Well have the details for you and the potential fallout for this troubled pharma stock. Lets start with the encouraging earnings of the retail industry. Courtney regan has it. Earnings bettering expectations by decent margin with better than expected results on the top line, as well. While comparable sa
Nearly 3 hitting 48 a barrel again, first time in two weeks. Well debate whether you should buy oil stocks on this crude comeback. Justice department announcing plans to end the use of private prisons and shares of the two largest private prison operators just getting crushed today on the news understandably. We have the latest details on that story and whether that industry can survive. I mean, the shares down almost 40 . Theyre losing almost half their market value on news just out this afternoon. Exactly. Tesla model s in flames in the test drive in france. Nobody was hurt. Pretty amazing images there. But the news is raising a new round of questions about the cars safety. Well tell you what tesla is saying and impacting the stock. Starting with walmarts earnings. An eye opening beat. Courtney reagan, wow quarter for the Worlds Largest retailer. Yes . Yes. Investors werent sure what to expect from the Worlds Largest retailer and walmart did beat on earnings. Walmarts revenues beat,
On what were seeing on major heat waves. Well be exploring the markets all afternoon for the next two hours and beyond. Lets get more now on todays slide from bob pisani on the floor of the New York Stock Exchange. Bob . Hello, tyler, and what were seeing is a little bit of a reversal of some trading trends, specifically around the dollar and also to a trading around the dollar. Modest rally. Look at the dollar index moving down all throughout the quarter here. The lows recently. Thats reversed a little bit today and some people are debating. The dollar may have bottomed and that may have factored. Energy financial materials were weak today. You know what the market leaders are. Energy financials and materials this quarter and a very specific reap. Those are cyclical stocks. Very specific reasons why cyclicals have done well this quarter. Let me show you the q2 trade, the trade everybody is doing. You have the weaker dollar and combine it with a stable china and you combine that with o