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Nevertheless, stocks are rallying, the s p 500 back above 3000. The dollar index almost reached 99. It is still a lot stronger but it is trading at 98. 61 now and that is having an impact on other Asset Classes like crude oil. Gold as well coming off a little bit. Some of the stocks that are moving in the s p 500, Restaurant Brands and Food Companies continuing their outperformance. Kellogg up more than 10 . Also yum brands had better sales. Performers in the s p 500 are performing very poorly, losing almost a quarter of their market capitalization. Analysts saying there is nothing left right now in this company. Problem withhad a its drilling wells. They space them to close together in part of the Permian Basin and they have to get rid of some and that is causing ....
Welcome to power lunch. Im courtney reagan. Lets get a check on the markets this hour. A cautious day on the street stocks trading in a narrow range. The dow managed to hit an intraday high earlier, but now were in the red across the board for the three major averages with the dow down about 21 points, the nasdaq composite leading way lower by half a percent. Oil also tanking this hour secretary of state pompeo says iran is ready to negotiate about its Missile Program. The final trade details are straight ahead brian. Big oil story im sure well get more. Thank you very much. We have a lot to do. Lets kick off this hour from news from washington where else where once again, President Trump sparking new uncertainty about any kind of a trade deal with china that happening in just the last hour Kayla Tausche is following it ....