Lets take a look at the numbers there for you. The dow is currently off by 266 points. The s p is down by 41 and the nasdaq, look at that, a 2. 6 drop, 125 points being shed off the nasdaq. All three are now in correction territory. Lets get more on the trading action on the floor of the stock exchange. Its a pretty ugly day, it really feels like the market is having a lot of difficulty finding its footing. A number of different factors at work. You had the weaker close over in europe. You also had the disappointing Industrial Production or industrial profit numbers out of china today. Add to that the weakness, the continued weakness in the commodity space. Oil is down. Hasnt broken through that 44 level but youre also seeing weakness in zinc and copper, et cetera, and gold today. All of that is keeping pressure on the markets. The s p also breaking below that 1900 level. People were watching that. Right now were watching the russell as well below that 1100 number as well. One of the r
Back to the floor of the Stock Exchange with Nicole Petallides. Stocks posting modest gains with a long way to go to make up losses. Nicole the late losses friday we got 200 points to virtually flat. Yesterday we drop 243 points so clearly we have to make enough on wall street. If you are able out there with some up arrows earnings were better today than we have seen over the last three trading days and that was something that contributed to the selling. Dow jones industrials up 30 points. The gain is 1 4 . And again like the s p 500. Three 2 dow components, first in boeing, First Quarter profit, the profit is something to watch, down at 6 and hurt by higher pension costs. They did raise their full year diet and that was good news but they miss the analyst estimates. It is now 3 4 . Third quarter revenue missing the estimate there. The other thing at t to note, this name is coming. Lori oil extending loss of trading down for fifth straight day. Phil flynn with the future of the cme, th
The u. S. Takes more action in that country, and then the fears subsided, and a bad jobs report interpreted as good news for stocks, because investors think perhaps it will mean the fed wont taper later this month. But is that the right bet . Well hit all of the important questions from all sides. So just how bad was that jobs report . We are going to be talking with the former top economic aide to the white house, christina roma with us, and the battle for the Federal Reserve seat is heating up. Well talk with her. She worked with Larry Summers in the early days of the obama administration. Why are so many people dead set against it . And the president is set to address the nation prime time on tuesday, making the case for military action on syria. Well get reaction from William Cohen. In the markets right now, lets look at where we stand. Theres a good rally under way. As you can see, we are off of the worst levels of the day, which happened at the hope. Were now showing you a gain o
Imus in the morning. Diane there is serious money being made in stocks, that is good. A serious slowdown in the economy, that is bad. That is how we start today, the good and the bad. Good morning, everyone. The news we are just not growing. Our economy is contracting. The economy is shrinking. What a way to start the second term and the president will take the heat with four years into a socalled recovery and failing to uncover real prosperity. Now the good, good news on stocks. Most people have a piece of a stock market. Her money has been on a tear. With housing up as well, maybe Middle America will get a wealth effect. Varney co. About to begin. Money. Which would be fine if bob were a vampire. But hes not. Hes an architect with two kids and a mortgage. Luckily, he found someone who gave him a fresh perspective on hisortfolio. And with some planning and effort, hopefully bob can retire at a more appropriate age. Its not rocket science. Its just common sense. From td ameritde. Stuar
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