Another big asian selloff. China losing 8. 5 in overnight trade and the hang seng in hong kong also dropping 3 . Japan a more muted drop but i think you get the picture. Europe falling as well. Germany and france bearing the brunt of the selling and the drop continues through the usa. We are off the lows of the day but as you can see the dow is moving to the downside by 133 points right now. The nasdaq is off by 46 points. The s p down by 11. The russell 2000 is down by nearly 1 folks, or 11 points. My old colleague now joins us with more on why china dropped so far, so fast. Reporter volatility returning with a vengeance to the Mainland China stock markets. Equities plunging more than 8 . The biggest oneday drop in more than eight years on signs beijing might be backing away from supporting the markets. Concerns over Economic Health soured sentiment further. Data show chinas industrial firms dropped 3 from a year earlier reversing a. 6 rise in may. Index heavyweights including china u
There may be one more day left in the month but as far as wall street is concerned the books are closed on a sluggish month of april. The dow did manage to squeeze out its Third Straight month of gains, but the nasdaq was the big drag having its worst month since january, and we all remember how bad that one was. As for today, the stocks fell early and often after some weak Economic Data helped set the tone. But late in the day the market staged a bit of a comeback and ended well off the lows. The dow fell 57 points to 17,773. The nasdaq dropped just about 30. And the s p 500 was off 10. The dow and s p were off more than 1 , but the nasdaq fell more than 2. 5 . And for the month only the nasdaq was lower, down about 2 . Yesterday billionaire investor carl icahn has said he has gotten out of his stake in apple and that sent stocks lower. He also warned of a day of reckoning for the markets. Today Warren Buffett weighed in and said, thats just icahns opinion. There were probably just pr
There may be one more day left in the month but as far as wall street is concerned the books are closed on a sluggish month of april. The dow did manage to squeeze out its Third Straight month of gains, but the nasdaq was the big drag having its worst month since january, and we all remember how bad that one was. As for today, the stocks fell early and often after some weak Economic Data helped set the tone. But late in the day the market staged a bit of a comeback and ended well off the lows. The dow fell 57 points to 17,773. The nasdaq dropped just about 30. And the s p 500 was off 10. The dow and s p were off more than 1 , but the nasdaq fell more than 2. 5 . And for the month only the nasdaq was lower, down about 2 . Yesterday billionaire investor carl icahn has said he has gotten out of his stake in apple and that sent stocks lower. He also warned of a day of reckoning for the markets. Today Warren Buffett weighed in and said, thats just icahns opinion. There were probably just pr
There may be one more day left in the month but as far as wall street is concerned the books are closed on a sluggish month of april. The dow did manage to squeeze out its Third Straight month of gains, but the nasdaq was the big drag having its worst month since january, and we all remember how bad that one was. As for today, the stocks fell early and often after some weak Economic Data helped set the tone. But late in the day the market staged a bit of a comeback and ended well off the lows. The dow fell 57 points to 17,773. The nasdaq dropped just about 30. And the s p 500 was off 10. The dow and s p were off more than 1 , but the nasdaq fell more than 2. 5 . And for the month only the nasdaq was lower, down about 2 . Yesterday billionaire investor carl icahn has said he has gotten out of his stake in apple and that sent stocks lower. He also warned of a day of reckoning for the markets. Today Warren Buffett weighed in and said, thats just icahns opinion. There were probably just pr