August meltdown, ending the session down 2 . This comes after a rally that put the benchmark within a striking distance of its all time highs. Technology stocks, the gauges most influential group, took the brunt of the decline. The Nasdaq Index closed down by 3 , while the Dowjones Index slipped by 1. 5 . One of the biggest losers on the day was nvidia, The High Flying Artificial Intelligence darling, which raised more than 240 Billion in market value. The Chip Maker shares closed down over 9 . 0ther Semiconductor stocks, including micron, intel and advanced micro devices, fell in sympathy. The market also took a leg lower after manufacturing Production Data shrank for a fifth month in august. The institute for Supply Management Manufacturing gauge edged up to 47. 2. A reading below 50 indicates contraction. The data reignited concerns around slowing growth within the us economy, which helped drive a Sell Off early last month. The action comes ahead of us governments augustjobs report,
Certainly i will. Certainly i will. And you know that. Howie when reuters correspondent jeff mason kept pressing him about the Electoral College, the president punched back. Look, between you people dont talk to me that way. Youre just a lightweight. Dont talk to me that im the president of the united states. Dont ever talk to the president that way. Howie the media largely celebrating President Trumps decision to cooperate with a joe biden election without concession. The 2020 president ial election was not fair. No honest person would claim that it was fair. They rigged the election in front of all of us. And nobody did anything about it. Unless the legal situation changes in a dramatic and frankly unlikely manner, joe biden will be inaugurated on january 20th. To say this constitutes living in reality. And if i offered you a false reality, if i told you there was an excellent phenomenal chance that the Supreme Court was going to step in and deliver a victory to President Trump, id b
Across the dallas area as a line of powerful storms tear through causing major damage and that system is now on the move, threatening the Holiday Plans of millions the very latest and als forecast straight ahead. Meeting the moment president elect biden rolls out his National Security and Foreign Policy teams its a team that will keep our country and our people safe and secure and sit down with nbc news for his first postelection interview, talking about the pandemic, the transition and what to expect from the new white house. In is not a third obama term. We face a totally different world than we face in the Obama Biden Administration his message to the country with the inauguration just 56 days away. Deeply personal Meghan Markle says she suffered a miscarriage this year. And changes being made to keep you safe while you shop as the Holiday Season kicks into high gear. Those stories, plus the adorable owl released back into the wild after her unforgettable adventure in the big city,
Im very excited to tell my daughter all about it. For those of you who have not followed, through the artimus, the American Government will send astronauts to the service of the moon, another man and woman to the moon, which is very exciting. Conduct new science, prepare for future trips to mars. Today only 12 humans have walked on the moon. That was half a century ago. The artimus provides the opportunity to add numbers to that, of course. Lunar exploration has brought the most recently detailed in fy21 omnibus spending bill, and certainly we support this effort and endeavor. Why dont we go to you first, darlene. Reporter thank you. Can you update us on the president s thinking on forgiving Student Loan Debt . There are groups who are pushing for the president to forgive all Student Loan Debt. Where does he stand on all that . Sure. The president has and continues to support cancelling 10,000 of federal Student Loan Debt per person as a response to the covid crisis. Hes calling on con
The bull side. The biggest 50 day in the s p 500 every and Lpl Financial says if you look at rallies like this, stocks were higher 100 of the time both six and 12 months later, josh. One of the funniest things is i talk to bulls and i talk to bears. They are both saying the same thing. We want to pull back someone pointed out 97 of the s p 500 is now above the 50day which i think is as of bought as you have seen in the history of markets. The rally has broadened out as a style box being absolutely on fire all week but even with intact lets take a look at triple qs made a new all time high this morning yet not one of the fang stocks is making the new high. Thats interesting then you look at qqew. Remember, thats the et if that tracks the triple qs as though every component were the same exact waiting. The equal wait qs. Thats up 15 in the last month versus the vanilla qs ths that e only up 11 all you could say is were over bought but if thats your biggest complaint now, its not really t