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Transcripts For FBC After The Bell 20180202

Nicole, what is fueling the selloff . We were down almost 700 points. Biggest selloff for stocks weve seen for stocks since 2016. Traders are taking this one in stride. Tough to stomach a 2 1 2 selloff on washington. That being said, the dow is weighed down by many energy names, exxon, chevron, that missed on their profits. All 30 dow stocks going into the closing bell are down. Energy taking a break. Were still up 37 since the election. Traders are okay with a little bit of a pullback. Apple is an interesting one. It is now in correction territory, closing at 160. 37. That means 10 off its recent highs. So the january 18 close of 179. 26. Were more than 10 beneath that. Netflix is in pullback territory. Not quite correction territory. What is happening . Great jobs report, 200,000 added. 4. 1 number. This is all great, with wage growth and treasury yields on the rise, 2. 842 as the bond. Equities are selling it off and were seeing inverse relationship all week long. So this is the wor

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