julie: you see all three major tool, the quote, and play to influence oil prices. using it for 35 averages are little changed after falling as much as half a percent. years. so that is one strike against them. they will say that they are if you look at the s&p 500, it unified in the believe that the is just shy of 2100. that has been a tough level for market is ok taking care of itself with oil prices racing. the s&p. oil prices rising. 2100 is sort of the upward bound have been bickering about of what we have seen from the who will be the index. secretary-general for the past it has had trouble staying above that level for any extended four years. the current secretary-general, his term is mandated expired period of time. many, many years ago and he wants to retire. they finally chose a new secretary-general. health care shares are on the rise. so some say at least they can you is still energy in the decide something. losing spot here. so they can kick the can down the r
also, we have had a strong run of gains for the major averages. five straight weeks of gains. so now we are sort of hovering. there is a positive momentum as the s&p and dow gained slightly. the nasdaq down very slightly. if you look at the s&p 500 over the past week, it is not just today that we have seen this. there has not been that much of a change. down about 10 about 7/10 of a percent. even take a look at volume again today. if you look at the bloomberg, volume versus the 20 day average for all of the groups in the s&p 500. all of these bars are down particularly energy. more than 40% drop in volume. utilities, financials and health care seeing a 40% drop worse is the 20 day average. it is across the board. it is not it does not just feel like, it is lower than typical trading activity. alyx: is there a flight to safety in this light trading day or light across the board? julie: there is. you would think with little activity in stocks there would be little activity
of banker andrew casperson, he appeared to have it all. now he is accused of a $25 million fraud. how his employers and clients missed the warning signs. what a story that is but let s head to the market desk with julie hyman. we will take a look at the latest numbers. julie: consumer confidence for march is rising. this is the confidence number. the 94 which above was the earlier revision. read and it doesn t tend to move the markets march but it adds to the general picture of the u.s. economy. if you take a look at what stocks are doing today, as people await janet yellen speaking, let s take a look and we are seeing a pullback but not much. the nasdaq is lower as we go into the meeting. i want to take a look at other meetings to see what they are anticipating janet yellen saying. remember in the most recent statement that janet yellen set a dovish tone that since then, we have heard from other fed officials, who appear to be more hawkish. who say even april is on the table
is all about chair yellen. tom: with lunch yesterday, you would not have known it, that there was a dovish tone, but i will tell you, the markets moved more than i thought after the nonevent. really the questions got a response. the harvard will join us dean harvard will join us. francine: i think you put a perfect. when you look at market movements, there is more investors saying she is chasing the markets, not a good place to be. this is one of our main discussion points. let s get to the first word news. vonnie: thank you. the airport in brussels will remain closed to passenger flights again. it has been out of operations since the terrorist attack. once the airport doors reopen, arriving passengers will be sent to the hangers to collect their bags. the departure holds will only be able to have 1/5 of normal passengers. the un security council is being pushed to fight back against iran fourth nuclear missile tests. the stabilizing and provocative; they say they launched
dom chu is here with perspective. i don t know is the bottom line. i do know i m not getting paid twice as much anyway, so but let s look at this. if you look at the s&p 500, we screamed those member companies for stocks that have not participated in the rally but could be trending a little bit higher here. remember, these are all stocks that have been big down movers over the course of the past year plus. 500 s&p members, we looked at those ones within 10% of their recent lows, just hovering right around their recent lows, 52 week or otherwise, within 10% of their 50-day average price, just to give you an idea of trend, and still below their long-term average price trend line. again, still below the long-term trend, but going a little bit higher, maybe dead cat bounces, maybe not. but only 27 stocks in the s&p fit that bill here. among some of the highlights, most of them, the vast majority of those 27 are in the health care sector, whether or not it is pharmaceuticals o