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Lets take a look at the numbers there for you. The dow is currently off by 266 points. The s p is down by 41 and the nasdaq, look at that, a 2. 6 drop, 125 points being shed off the nasdaq. All three are now in correction territory. Lets get more on the trading action on the floor of the stock exchange. Its a pretty ugly day, it really feels like the market is having a lot of difficulty finding its footing. A number of different factors at work. You had the weaker close over in europe. You also had the disappointing Industrial Production or industrial profit numbers out of china today. Add to that the weakness, the continued weakness in the commodity space. Oil is down. Hasnt broken through that 44 level but youre also seeing weakness in zinc and copper, et cetera, and gold today. All of that is keeping pressure on the markets. The s p also breaking below that 1900 level. People were watching that. Right now were watching t ....
And im tyler mathisen. Welcome from me as well. This is the week, folks, that wall street has been waiting for and waiting for and agonizing over. This is the week when the Federal Reserve is expected to raise its benchmark Interest Rate for the first time in nearly a decade. Fed chair janet yellen and her open Market Committee have laid the groundwork, signaled that barring some unforeseen change of heart it is ready to raise. And one key thing many will be looking at is what effect will rising rates have on the housing market. Diana olick explains. Reporter Wendy Johnson hasnt found the perfect home yet but shes going over her mortgage options now. I definitely want to Pay Attention to what happens this week. ....
And im tyler mathisen. Welcome from me as well. This is the week, folks, that wall street has been waiting for and waiting for and agonizing over. This is the week when the Federal Reserve is expected to raise its benchmark Interest Rate for the first time in nearly a decade. Fed chair janet yellen and her open Market Committee have laid the groundwork, signaled that barring some unforeseen change of heart it is ready to raise. And one key thing many will be looking at is what effect will rising rates have on the housing market. Diana olick explains. Reporter Wendy Johnson hasnt found the perfect home yet but shes going over her mortgage options now. I definitely want to Pay Attention to what happens this week. ....
And im tyler mathisen. Welcome from me as well. This is the week, folks, that wall street has been waiting for and waiting for and agonizing over. This is the week when the Federal Reserve is expected to raise its benchmark Interest Rate for the first time in nearly a decade. Fed chair janet yellen and her open Market Committee have laid the groundwork, signaled that barring some unforeseen change of heart it is ready to raise. And one key thing many will be looking at is what effect will rising rates have on the housing market. Diana olick explains. Reporter Wendy Johnson hasnt found the perfect home yet but shes going over her mortgage options now. I definitely want to Pay Attention to what happens this week. ....