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Transcripts For CNBC Closing Bell With Maria Bartiromo 20130816

S p 500 down 5. 50 at 1,655. The dow clocking its worst weekly drop of the year. We want to get into it with bob pisani who has the damage ass s assessment. What a week, bob. Reporter yeah. And it was not a beautiful close at all. But i guess better than it was earlier in the day. Put up the Dow Jones Industrials average. We were much lower today. We had a modest little rally in consumer names like cocacola, just around 3 00. But it did end in the red. Put up the s p 500. I want to point out in addition to the Interest Rate rise that was the real pressure on the stock market, the s p also broke through its 50day moving average. That was about 1,657. Around 1 00 eastern time. And you see the decline there. I think technicals played a role in the drop that we saw today. Other than that, put that 10year yield up. Theres the star of the week here influencing the stock market. In a way like nothing else did. Twoyear high in the 10year. Still no sign of imminent top in that particular intere

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