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in the next three to six months from opec s new secretary-general to the potential for more supply disruptions. we will look into the major market drivers for crude. in two hours.g stocks are down. reversing those gains we saw the last couple of days. my: right now, we are paring most losses that we saw out of the payroll jobs number that we saw earlier this morning. let s take a look at the snapshot of where we stand. the nasdaq is down the most, .7%. the dow, .3% there. the s&p intraday, we can see right out of the gate after the payrolls came out way worse than expected, we saw the big drop in big drops plunge and this plunge at 10:00. we are paring some of that and off the session lows, but still down about .4%. i want to show you what s been happening in terms of the sectors for the s&p in terms of volume. the falls we ve been seeing throughout the day have been coming mostly from this blue bar chart. this is the financial sector. 65% in terms of the volume again ....
seesaw this morning and now here session highs. still in the red but for the dow, it had been in positive territory for a brief and hot second there. 53% to 47%shows favor the brexit. that reflected in the dow jones industrial average. we can see popping into the green and going above the flat line for an hour or so, just under the flat line. we did see the dow down as much as 168 points. i want to show you what s happening with the s&p s 10 sectors. negative territory with energy leading the declines. up the most,tions utilities had been the biggest leader. usually as it stands with lower interest rates, that does help utilities because of their load. let s look at what is happening with oil with energy falling as the biggest sector laggard. this is its lowest in a month, now six days down and on pace for its longest losing streak since february. the fear is global growth is slowing down everywhere. we did hear janet yellen saying 2016 growth for 2016 is supposed to be ....
on the bloomberg. the reason you do not see a dot beyond on the right-hand side, he is saying that is outside of a poor castable four castable forecastable period. this is fascinating. when the summary of economic projections came out and we look at that straight up right at the bottom, the answer is there now. jim bullard. david: when you read the statement he s just issued, he s saying a lot of things people the fed is about projecting out into the future well beyond what it can no. know.s what it can some people think their models are run. alix: how do you forecast a fed that is data dependent? after the dots were released, there was chatter in the market with alie evans statement of a shift in how you view the economy and where you actually think rates should be. of the f1 all members see are in agreement about the approach to this question. agreement. in the question is whether other people come to jim bullard s side. david: we will have a bloomberg exclusive ....
remy: stocks are up, and the pound is also up. u.k. bans as from talking further about the referendum, that this is a snapshot of what the markets look like. .9% of for the dow, as well as the s&p 500. the nasdaq up the most, 1.1%. let s look at what is happening with the s&p over the course of the day so far. we are basically trading within a fairly narrow band, about 20 points or so. 2103 right here, about 27 points away from a record high, basically flying high. let s look in my bloomberg with the s&p 10 sectors. again, a very broad rally across the board some from utilities, which are down .3%. up 1.6%.s are materials up by 1.4%. energy up 1% because of oil and natural gas wells rising. a deeper dive into what is happening with the financials. names arell, the big up. citibank up by 3.8%, its highest in about the past two weeks or so. jpmorgan at its highest in about the past 10 days, up 2%. wells fargo of more than 1.5%. materials are gaining, the top percent gaine ....
welcome to squawk alley for a wednesday morning. i m carl kwinquintanilla. after a rocky start, donald trump named the republican nominee for the 2016 presidential race along with running mate indiana governor mike pence. governor pence, the headline speaker tonight along with harold hamm of continental resources. eric trump, speaker gingrich and others. a lot of unity coming together. the republicans argue as we had some members of trump s family speak last night. one thing to watch out for tonight, senator ted cruz and whether he has a full-throated endorsement of trump. primetime coverage on cnbc at 10:00 p.m. eastern time on what s already a busy market day, too. yes, indeed. thank you, carl. taking a look at the market. the dow is up about 44 points. s&p up nearly 10 and microsoft certainly leading the dow, kayla, up 6.3%. cisco right behind it. worth noting, the fact we re currently set for nine straight days of gains on the dow. the nasdaq hit its record hi ....