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Transcripts For KQED Nightly Business Report 20140408

They arent expected to grow much when First Quarter profit reports start coming out tomorrow. Send small children out of the room, we warn you as we show you these numbers. The dow down 166 points. The nasdaq completing its worst threeday slide since november of 2011. It was off another 48 points today. Falling to a twomonth low. And the s p 500, it hit an alltime high just a week ago but today down another 20 points, capping its worst threeday slietd in two months. We have two reports on todays selloff. Bob pisani at the New York Stock Exchange but we begin with sheila at the hardhit nasdaq. Despite the overall losses, some traders were encouraged by todays action. Pointing to pockets of strength from sectors that were recently under pressure. Biotech, for example, which has been a weak sector, did see a bounceback today. The nasdaq biotech index hosted a gain in companies ended the session on an up note. Also socalled momentum stocks that consistently move in a direction regardless o

Transcripts For KQEH Nightly Business Report 20140408

So do earnings. They arent expected to grow much when First Quarter profit reports start coming out tomorrow. Send small children out of the room, we warn you as we show you these numbers. The dow down 166 points. The nasdaq completing its worst threeday slide since november of 2011. It was off another 48 points today. Falling to a twomonth low. And the s p 500, it hit an alltime high just a week ago but today down another 20 points, capping its worst threeday slietd in two months. We have two reports on todays selloff. Bob pisani at the New York Stock Exchange but we begin with sheila at the hardhit nasdaq. Despite the overall losses, some traders were encouraged by todays action. Pointing to pockets of strength from sectors that were recently under pressure. Biotech, for example, which has been a weak sector, did see a bounceback today. The nasdaq biotech index hosted a gain in companies ended the session on an up note. Also socalled momentum stocks that consistently move in a direct

Transcripts For KQED Nightly Business Report 20140408

Pros worried. So do earnings. They arent expected to grow much when First Quarter profit reports start coming out tomorrow. Send small children out of the room, we warn you as we show you these numbers. The dow down 166 points. The nasdaq completing its worst threeday slide since november of 2011. It was off another 48 points today. Falling to a twomonth low. And the s p 500, it hit an alltime high just a week ago but today down another 20 points, capping its worst threeday slietd in two months. We have two reports on todays selloff. Bob pisani at the New York Stock Exchange but we begin with sheila at the hardhit nasdaq. Despite the overall losses, some traders were encouraged by todays action. Pointing to pockets of strength from sectors that were recently under pressure. Biotech, for example, which has been a weak sector, did see a bounceback today. The nasdaq biotech index hosted a gain in companies ended the session on an up note. Also socalled momentum stocks that consistently mo

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