Says and the three, count them, stocks he likes. Okay. Well stocks well off their heigs this hour. The dow was up 173 points earlier on in trade. Todays big ipo stumbling out of the gate. Dom chu is on the floor with the juicy details. Mandy, tyler, the big deal here is this ipo here for pure storage at post eight right behind me. It was supposed to be this barometer, if you will, of tech ipos and the appetite for that kind of investment or risk in this marketplace. It priced at 17 bucks a share, right in the midpoint of the range. They sold 25 million shares. So again this company wanted to see their stock go up out of the gate. However, what youre seeing up there on the chart is down 5. 5 , near the lows so far today. Its traded in a range. It went as low as 16, as high as 17 at one point. As you can see on the bottom of the screen, this company is important for a lot of us viewers out there because it was one of the cnbc disrupter 50 companies from 2015. Those companies that were we
Markets go down. The s p, the dow, and the nasdaq all down today. And it unexpected build in inventory, and it is down by about three point 4 . The declines we are seeing in oil today that we have seen recently mean that the twyear performance in oil is particularly notable. You can see a decline of nearly 63 . That is a record twoyear decline for oil prices. Haveow that commodities been one of the big stories of the year, and i mentioned that inventory. If you take a look at the terminal, i show you this throughout the year because it is a remarkable one. Barrel a 100 million gap, so when you talk about supply putting pressure on oil prices, the chart tells the story. And the other thing i went to tell you about is the 10year note. We are seeing it little changed and Goldman Sachs has a yield that climbs to 3 . With the increase in rates from the federal reserve, that is what were going to see happen. Finally, taking a look at the basket ofrsus the currencies, that is about a quarter
Negative and s p is back in the black for 2015. Show you what is happening in europe where you see european stock extending their december losses. European stocks are down 4. 5 for the month. Red arrows across the screen with germany down 1 . Germany is closed tomorrow for the you new year holiday. Treasuries selling off, yields sharply higher in light trading. Big story has been in the two year bond yield where weve seen the highest level since back in 2010. Crude oil under pressure, that is hurting stocks. Wti just back over 37 a barrel. Drench t brent actually trading high. We begin with amazon and google hitting alltime highs. Will the s p be able to close in the green for 2015 . Its another win for carl icahn. Bridge stone says it will not counter his off for pep boys. And apple will settle for failing to pay taxes between you 2008 and 2013. So stocks poised to open lower. Data from American Petroleum institute indicate supplies building in crude supply. Report due out in about 90
Hard. The Dow Jones Industrial average and the nasdaq closed in correction territory, meaning the indexes are now more than 10 off their most recent highs. The reason once again was china. That country suspended trading after just 30 minutes. Its benchmark index falling 7 . More on that in just a moment. But first the closing numbers. The blue chip dow index plummeting 392 points to 16,514. In the last four days the dow has shed 910 points. The nasdaq falling 3 , off 146 points. And the s p 500 lost 47. And as for oil, which continues its slide, it hit a 12year low during todays trading session to close around 33 a barrel. Bob pisani has more on the selloff from the new york stock exchange. Reporter after another down open we pared some losses almost immediately after that as the chinese authorities suspend the Circuit Breakers they had implemented just four days before. Then oil rallied and we actually had a modest rally going in the middle of the day. Well, that all faded when a reut
Yahoo is now reconsidering a sale of its main business, rather than a spinoff. Its main web business, that is. We will be getting more details im sure throughout the hour with this scoop again by our reporting team. You can see shares spiking by more than 3 . Broadening out to the major averages today, weve seen quite a bit of bouncing around right now. All three major averages are very little changed, even after that jobs report. Somethings counterbalancing include continued worries over whats going on in china and volatility in the markets there. If you look at the s p, speaking of volatility, over the course of the session theres been quite a lot of bouncing around. The s p get a little more decidedly negative in midmorning before recovering. Just been bumping along a little changed for the rest of the day. Some of the winners during the session include some of the natural gas related stocks, were seeing natural gas higher today. Consol energys, viacom also participating in buying i