despite the concerns over china s growth we are still very close to record highs. the dow just 2.5% away from the record. the nasdaq and s&p less than that. wall street is looking ahead to a big week of earnings. we will hear from ibm and morgan stanley later today. earnings are expected to fall 3% this quarter. the first profit decline since 2009. wall street is readjusting expectations for profit earnings. anything more than that 3% drop however, will probably analysts are saying cause a selloff. cristina, thank you. hundreds protesting the death of a man severely injured while being arrested apparently. the community demands to know what happened. we will show you the video next. everywhere, every time. and 2% back at the grocery store. even before she got 3% back on gas
above all with today s and yesterday s reduction in foreign currency will be maintained and possibly the further reduction in oil prices will reduce further inference the national currency. we will get through this period. it s not easy, of course. but we will strengthen our position within the world economy. well, if oil prices in russia don t recover soon, officials expect the russian economy could shrink by almost 5% next year. well, u.s. stock markets are riding high. [ closing bell ] the dow jones industrial average soared for a second straight day thursday, gaining 421 points to close at 17,778. that is the dow s best one-day gain in three years. the nasdaq and s&p were also up
stephanie, thank you so much. in money and power tonight, something relevant to every single one of us. stocks plunge today. the worst week for your pension and retirement and 401(k). the nasdaq and s&p also tanked. here so explain why is peter kanni. that is a 4% drop if a week and stocks are up for the year but the question is will they keep following and is it time to sell or hold on? well, bottom line is, the fact that oil is trading so much so much lower and so quickly, has lost so much steam in such a short period of time is what is driving the stocks lower and not just the united states, but globally. it is a risk off trade that has driven prices so lowner a short period of time. and that would make me think, and i m going to play devil s advocate, it is a time to buy. there are some companies that make oil and that is bad for
economy. pointing slightly higher after the dow sliding thursday. the nasdaq and s&p also suffering sharp declines. we re going to return to the search for flight 370, but we want to get you the weather today. indra? we still have a lot of cold air in place, but the big story is going to be these morning temperatures that are really freezing out there. a little clipper is going to be making its way through the north. maybe a little bit of a chance of snow, most likely rainover night. it s going to keep the old air around just for another day or so. freeze warnings all the way down to the south where many places are seeing temperatures in the 20s and 30s and it is march, guys. just 37 d.c. new york city waking up at 23. a hint of good news is on the
right now, another 85 points is what the futures gauges here. that s after the dow industrials fell 176 points yesterday, coming out to about 1.1%. it s a five-week low. the nasdaq and s&p also closing lower. berman, i like to look at the whole year for perspective. last year was awesome. this year has not been. the dow is down just about 2.3%. the nasdaq is up. tech stocks have done better. this is for the year, the yearly numbers. the s&p down about 1%. it s been a slow start to the year. it s got a lot of people asking this question, hey, wait a minute, we did so well last year, is that over? is the bull market over? this bull market is already one year longer than your average bull for the past, i think 60 or 70 years. so, a lot of people questioning whether it s got some good mojo here. i m not too worried about it yet. it s only you know, we showed you those numbers it s only 1% lower for the s&p, so don t get too worried. can i force you to give people one bit of good news