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Tom and then you see the parsing of debate between ed morse of citigroup and Dennis Gartman of the gartman letter code right now we need to get to our news from our desk. Here is vonnie quinn. Vonnie it is chaos for house republicans. They now have no clear leader and they have to raise the debt ceiling within four weeks. Kevin mccarthy took himself out of the running yesterday. Kevin mccarthy if we are going to unite to be strong, we need a new face to help do that. The conservative caucus did not want him to become speaker. John boehner was planning to leave at the end of the month, but he will stay on as speaker until a successor is chosen. Russian says some missiles are not reaching their targets in syria. Rockets fired from russian ships in the caspian sea hit iran. Insident obama will be oregon today to meet with survivors and relatives of those killed in the campus shooting last week. Not everyone is pleased about the visit ....
It looks like we might get this morning. All three major averages are now down. Weve had a lot of bouncing around in todays session. If you take a look at my bloomberg terminal we have had pretty much consistency at the top and bottom of these lists. Its just a matter of magnitude. Far,y is now the worst by Health Falling off today with consumer staples, utilities, discretionary stocks, mostly on the leaderboard at the top of the list today. Of course, oil is a big market story, once again selling off, down for the sixth straight session. Taking a look at wti today we have a selloff of more than 5 . At thoseld take a look oil prices . Down 5. 6 at the moment, trading 2003. Latest since late taking a look at oil for the year to date as well you will see a sharp decline, 15. 5 . That number is big by itself, but combined with the fact that oil was down last year, 46 the year before, the magnitude of that is pretty remarkable. Huge. ....
Shopping around and ended the day with a little bit of strength. The nasdaq in particular is bouncing back. It had fallen for eight straight sessions, the longest losing streak for the index since 2008. Now it is rising the most of the three major averages. See most of the sectors are in the green with the exception of utilities. Utilities were up yesterday. We have health care leading. Energy is also trading higher. Strength and some of the groups that have been beaten up over the past several days. Technology has been one of those. Big cap tech is coming back. Apple is rising. Analysts saying its recent weakness was not perhaps warranted or at the least it is a good longterm buy. Facebook and microsoft are also coming back in the session. Betty biotech got hammered. Coming back a little bit. Julie biotech and health care. The nasdaq biotech index is up 2. 5 today. Health Insurance Company anthem coming out with earnings that ....
From the close of trade on this monday after a snowy weekend here in new york. I want to bring in remy innocency of, who has the latest. Take a look at where we do stand right now. He s p 500, 1891 right now the dow is down just at the 100 point mark. This had been as low as 120 points and we are headed back in that direction. The nasdaq right now contract for its worst monthly fall since 2008. The big reason, of course, is with oil. Lets go into my bloomberg terminal. I want to show you something really interesting. This is the movement with oil, as well as the s p intraday, just today. The yellow line here, you can see, is the price of oil. You can see that basically for the most part they are moving in tandem. When oil rises, so does the s p. You can see that this is where we are right now. The 3 00 p. M. Market session lows, barely ticking higher right now. Thats just intraday. Lets take a look at whats happening year to date. Right now you can see basically that it is fairly simil ....