In todays first look the market in crisis mode over syria. The volitility index raced up 12 . As fear and anxiety strike stocks. The dow plunged in a triple digit fall. The nasdaq had its worst point drop of the year. And the s p broke through technical support. Gold futures pushed up 23 and oil spiked close to 109 dollars per barrel. Jcp posted a record trading day with near 100million shares changing hands. It follows a report activist investor bill ackman sold his entire stake the retailer. The stock closed down 18 cents around 13. 00. And walgreen is accused of overcharging customers and using false advertising. The lawsuit was filed yesteray by the attornery general of missouri. Walgreen will fight the charges. For more on the Market Reaction to syria, larry shover of sfg alternatives joins us. Good morning larry. What is the market telling us about the situation. The market is saying they dont know whats going to happen. Yesterday the news reports really didnt change that much. 2
Charges swirl. Countdown to the closing bell starts right now. Liz good afternoon, everybody. Im liz clamman. The heat is turned up on sac capital, and just a few hours ago, yet another arrest in the investigation into Insider Trading at the fund run ceo steve cohen. A former analyst in the cross hairs now charged today with, yes, Insider Trading, like the rest of him. Who is he . Aggarwal is a guy who worked in an unidentified firm, passing information about a strategic deal between microsoft and yahoo. He was acuesed of passing that to sac capital and one other unnamed hedge fund. The heat is also on a unit of Jpmorgan Chase today. It would fine 410 million for allegeddedly manipulating markets related to california and mid western electric markets. The jpmorgan Ventures Energy corporation did not admit or deny any of the market violations. Flipping over to the stock, jpmorgan moves lawyer by a percent of 55 cents. The stories about all kinds of issues and crime and punishment and wa
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