al of them souring for the investing public. it was widespread internet, health care, nasdaq, taking its biggest hit in two and a half years, dow hit, s&p, all the major exchanges. so, before you step back and want to say, it s the end of the world, we re flat. that where we are. we have scott, and francis, melissa. why is everybody scared use, the fed bounce, and since then everything has been i m trying to tech names, biotech, and all the things inflated we have questioned. that is where you re seeing a lot of the bleeding. interestingly enough, money goes out of one place into
i m sue hererra with your cnbc market wrap. stocks following the headlines run again today, ending with a late surge. the dow gained 180 points. the s&p 500 added 24 and the nasdaq jumped 42. but stocks started out with a slump on a report showing the producer price index rising more than expected, but started turning it around on another report showing home builder sentiment climbing to its highest level in a year and a half. and things really took off in the final hour of trading on a report that france and georgia may have agreed to boost the eurozone s own bailout fund, but by how much is still a little unclear. and we are in the thick of earnings season. bank of america posted a profit in a very tough quarter. goldman sachs gained, despite delivering a larger than expected quarterly loss. and three big tech names reporting after the closing bell. yahoo! and intel s results came in better than expected, but apple missed top and bottom-line estimates and they did it in a big way. sh
hey, fredericka. the losses are holding steady. the dow down about 436 points. they re off their lows of this session where we saw the dow down as much as 500 points. this is coming after morgan stanley kind of set off an alarm bell saying that the u.s. and europe are looking like they re getting close to going into a recession. morgan stanley also downgrading its growth forecast globally for this year and next. also not helping we got a bunch of economic reports here in the u.s. one on jobless claims showing a rise in jobless claims, the jobs area something that this economy really wants and needs at this point and not seeing. we also got a very weak regional manufacturing report showing contraction and a weak housing report showing sales declined about 3.5%. see what you do when you olympic all that together you get a big sell-off and that is what we re seeing right now. frederic fredericka? that as it looks for the dow. let s check out what the nasdaq issing looking ou
reporter: we are up about 40 minutes, that s the good news ending on a positive note. for the month we ve been under serious pressure. when you look at august the dow is down nearly 4%. the nasdaq deposit even worse down nearly 6%. some of those tech names within the dow jones industrial average, intel, cisco are down more than 10% for the month of august. this has been a tough one as the economic uncertainty weighs on this market. a lot of traders have high hopes for the midterm elections certainly. we have a couple of pieces of news that we re following here on wall street today. the first is that staples will beginning offering amazon s kindal in the fall. before you were only able to get it at target or on the internet. saks fifth avenue s stock is soaring up more than 20% today. there is some news brewing but there is some talk that there may be a buyout underway. we are watching saks fifth avenue very closely. the big picture is really the
but david, that wasn t enough to quell those fears on wall street. facebook fell today, as well as a number of other tech names. rebecca jarvis with us tonight. rebecca, thank you. we turn now to the chilling video from las vegas. in the days leading up to that massacre. at the time, there were so many questions, how did the gunman get that arsenal up to the 32nd floor hotel room? well, tonight, the video shows how. here s abc s senior national correspondent matt gutman, back in las vegas. reporter: the man who turned his luxury hotel suite into a sniper s den moved through the mandalay bay like any other guest. the newly released surveillance video shows stephen paddock checking in on september 25th, walking up to the v.i.p. counter a full six days before the massacre. alone, he sits down at the sushi bar. lebron james on the screen above. it s only hours later that he begins to bring in his arsenal. paddock pulling his car around. a bellhop brings over a cart. and together, the