we re following developments from wall street where stocks are basically flat. down 30 as of right now, the final quarter of the year and this third quarter was the worst quarter in four years. cnbc s mandy drury is here with the market rundown. mandy, what s happening? yeah, a really soggy start to the fourth quarter, isn t it, after the worst quarter in four years during which the s&p lost nearly 7%. we saw energy and materials naturally some of the worst performers because of the complete commodity meltdown and also health care, surprisingly, was down double digits for its first negative quarter in nearly three years. i guess we re all trying to work out does the fourth quarter mean? the good news is a lot of strategists are still thinking we ll get a bounceback this quarter. it is a seasonally good time for stocks but there are a lot of hurdles. china s slowing economy, a possibly rocky earnings season, watch for commentary, of course, on how china and the strong dollar are affec
down pretty sharply in this first hour of trading. 220 points the dow jones is down. s&p 500, 26 points. nasdaq down 75. let s go to cnbc s morgan brennan with a market rundown. it is a rough start for stocks today. major indexes giving up monday s gains turning negative for the week and actually turning negative for the month as well. dow is down about 1.3%. the s&p and nasdaq are also down more than 1% a piece. so why is this happening? well, investors are skittish. they re taking profits as a number of factors continue to weigh on the market. there are the ongoing worries about the economic slowdown in had china, this as the chinese president arrives in the states today for a visit. the federal reserve also a factor after it didn t raise rates in september. that hike could now take place as soon as october but theed f has been viewed as hurting stocks by citing worries about the global economy in its decision to wait last week. oil is also pressuring stocks. u.s. crude futures are
following developments for you from wall street, and take a look at the stock market. i mean, it s down, what, 11 points. stocks are basically in a holding pattern as investors wait on this afternoon s big announcement on interest rates from the fed. cnbc s sue herera is here with a market rundown. sue, good morning. what s the thinking out of wall street? good morning. well, the thinking on wall street is that if the fed will hike interest rates, they would do it at this meeting probably by only a quarter of a basis point. the question thousand is whether or not that s baked into the market. a lot of people think it is, which is why we have kind of a steady tone on wall street today, maybe slightly lower. no one really knows, of course, what the fed s going to do. we will know at 2:00 p.m. eastern time. but ahead of that, traders are very hesitant to take big positions in this market. and that s why we have kind of a steady tone, but we ll see when 2:00 comes. be prepared for some v
we re finding developments on wall street where stocks are soaring. we re up 261 points after a rough week last week. cnbc s mandy drury is here with the market rundown. mandy, what s behind this 261-point uptake? you could really look overseas to china last week before this move, jose, because it s a huge week for economic data out of china, and some of it came in weaker than expected overnight. so why do you say we re rallying on a weaker than expected chinese economic data? it s obviously a boost of more stimulus measures there, not that those slowing down would necessarily put us in places like europe and around the world in recession, but we certainly do not need that extra headwind. the u.s., our economy is doing fine, we just can t do all the
they just do it. at sears optical, we re committed to bringing them eyewear that works as hard as they do. right now, buy one pair and get another free. quality eyewear for doers. sears optical it s 31 after the hour. let s take a look at breaking news from wall street. numbers still up. 263 points, the dow and s&p 500 up 35 and the nasdaq is up about 112 points. all in all, so far a pretty good start to the day. oh, how different things were just yesterday and friday and thursday, but cnbc s mandy drury is here with the market rundown. mandy, good morning. let s go to tuesday, shall we, jose? as you can see, we have a nice rebound here on the s&p for