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One of the big ripple effects is utilities. Take a look at this chart behind me were seeing the death cross thats what some technicians call it when the shorter term 50day moving average of a stock or etf falls below longer term trend, the 200day average were seeing it with the excel, the spdr sector utility, xlu this does not portend bad things but something to Pay Attention to its not the only that were keeping an eye on. Were seeing some action play out in some parts of the market. Namely in the real estate stocks the vanguard reit index is sinking down to multiyear lows. As we take a look at whats happening with this, its already in correction territory, off about 10 plus the highs we saw a couple years ago well take a look at another part thats perhaps a brighter spot while all these guys are making these multiyear lows, one thats not is the consumer staple sector. This is actually just a stones throw away from alltime highs w ....
Overnight. It is a sad day everywhere, including wall street, but investors continue to believe in american resilience. Manufacturing data came in very strong earlier today and the major index is responding, all hitting new interday highs we are sitting on session highs right now. Health care your best performing sector, energy the weakest, gold hitting lows not seen since midaugust oil is lower on signs of higher output meantime, General Motors hitting new highs. Thank you, brian. Tyler mathisen here, welcome, everybody. We begin with the deadliest mass shooting in American History we have team coverage. Kayla tausche with reaction from President Trump and the white house. First, though, lets get to jane wells live on the ground in las vegas with the latest at this hour jane hi, tyler yeah, were at the southern end o ....
To raise rates it could increase in inflation. He doesnt conclude that would happen but we need to think about that. He repeats kind of the normal argue amount for raising rates and says f1 policy remains extreme and inflation is close to target. Not strictly endorsing but saying thats the normal argument for why rates should be normalized. Former Federal Reserve chairman ben bernanke out with a blog about negative Interest Rates and says the fed is not out of ammunition but there are signs Monetary Policy is reaching its limits. They include lowering rates but not much to do there. A quarter point. Forward guidance could be powerful. More quantityive easing and negative Interest Rates. What does he say sna that evidence from europe suggests they might be more pow ....
But it couldnt hold onto the close couldnt hold onto that level, we should say. The entire market losing altitude in the final hour. Lets bring in the closing bell panel and figure out what we learned today. Joining us jon fortt, kenny from oneill securities who is just finishing up trading on the floor and hell be be shortly. Sheila over at the nasdaq. It was nasdaq 4,000 all the talk earlier today. By the close it was the hit social media was taking. Whats going on . We managed to eke out a gain at nasdaq six points away. You mentioned social media. Bigger picture its the momentum stocks today everyone was talking about. Facebook was definitely one of them. Tesla, Green Mountain coffee baidu, names down today. Exact same names that led the nasdaq higher. Everyone focused on the momentum stocks. Sheila, thanks. Dan, im curious, why is it were seeing some momentum coming out of the market today . Listen, you focus in on any one pa ....
Business leaders who were really fed up with washingtonp. Were going to hear from them. These are people who have lost money including one Business Owner down about a quarter of a Million Dollars since the shutdown. Were going to give them a chance to speak on our hour and we hope washington will listen. Im going to look at this. How can i be here and there at the same time . You figure that out. The guy by the computer went and showed us where the error actually was in the string of code on those health care things. Hes going to help us analyze the mess that is signing up for obama care. He found new problems and he will give us an update. Sue is out today. Happy to be joined by simon at the nyse. Hi, simon. Hello, tyler. Day 14 of the Government Shutdown and three days and counting until america maxes out its deb ....