The bond market flashesing a warning sign for the u. S. Economy. Germany and china both painting a negative picture, and energy financials, semiconductors are leading the declines, which are severe the dow at the low of the session down 782 were down 750 points as we speak. Chris, a crazy day for the markets. Lesss focus on the s p 500. What have been the key levels we have gone through and what are you watching from here i think its striking today feels worse than last week, but the s p trades above, so 2822 was the low, im going to guess theres probably more work to do on the down side. From the lows from may i think we need to put this into some context we need to remember that the s p is up 14 year to date weve entered this period from a position of strength thats different from the summer of 15 or the fall of 18. So i think the temptation is not to get too bearish just yet. If this is the start of a topping process, that will play out over time. Where to see those strengths . We l
The Group Reiterates it fouryear guide answer despite higher cost from the continued grounding of the boeing 373 max. And hong kong has another day of protests at the airport carrie lamm warns the city is on a path of no return. Good morning its been a risk heavy 24 hours for equity markets you can see behind me in europe theres a lot of red on the screen but let me take you back to the price action in wall street yesterday the majors closed near the lose of the day. Dow, s. A. P. , nasdaq closing below. Respectively down 1. 5 , 1. 2 you can see the redness in negativity is picking up and that continued into the Asian Session overnight. There are a couple things that the market is dealing with here. Number one, growth concerns. At no end in site to the trade narrative between china and the u. S. But yesterday we had an additional element to think about. That was the temporary shutdown of hong kong airport that sent shockwaves throughout the region and into the european session as well
Those are the two worstperforming sectors over the past five days. Investors are watching apple and nvidia ahead of its critical Earnings Report next week. The many pressure points for stocks, rates, earnings, china. Of course the fed too. So whats an investor to do . Lets ask dan greenhouse. Chief strategist here with me at post nine. Its a growing list of pressure points, right . It is. Fixated on the apple selloff. The rates have backed up. At least today theyre backing off which is maybe why the market is kind of hanging in. How do you see things here . Listen, technically obviously weve sliced through the 50day moving average on a number of indices, if not all the indices. In terms of apple, apple and those types, they were up 60, 70 , meta and nvidia are up 300, 400 off their lows. In the context of whats happening from rates, when rates bottomed earlier this year, the tenyear is up 100 basis points and the nasdaq is up the whole time, the s p is up the whole time. I think ultima
Eastern. Sunday night, you can see the new feature documentary commitment to life. It takes a look back at the fight against hiv aids in los angeles and the community that changed the course of the epidemic. That is not 00 p. M. Eastern here on msnbc, also streaming on peacock. That is tonight last word. The 11th hour with Stephanie Ruhle starts right now. Tonight, new witnesses in Donald Trumps new york trial. Trumps longtime Personal Assistant and Michael Cohen baker take the stand as the first week of testimony comes to an end. Protests over the war in gaza spreading across Americas College campuses. With the growing unrest could mean for president bidens reelection campaign. Plus, from books online to ecommerce giant, how amazon became the retailer with everything, everywhere, all at once as the 11th hour gets underway on this friday night. Good evening, im Jonathan Capehart in for Stephanie Ruhle. We are 193 days away from the election. Today, attorneys for president ial candidate
The issues that have powered so much of this years rally. Today the Dow Jones Industrial e advan 187 points to 23,458. Nasdaq up 87 points to close at a record. And the s p 500 added 21. Our bob pisani has more on what took stocks higher. Reporter stocks rallied big time today, reversing six straight down days. What happened . First, washington did something. The house passed its version of a tax reform version. The senate still has to act but any progress on tax reform say cause to celebrate. Walmart and cisco had big earnings beats. Procter gamble moved up because nelson peltz finally appears to have won a seat on the board. High yield bonds turned around. The high yields markets often considered a proxy for investor willingness to take risks. That market has been weak for a couple of weeks now. The weakness has been in Telecom Companies which have faced difficult times. Once they stopped dropping, high yield markets started to stabilize. Im bob pisani at the networks for nightly bus