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More, but we are about 30 minutes into the trading day. Abigail doolittle is here, with a mixed direction for the session so far. Certainly the dow in the s p 500, fractionally lower, the s p 500 fractionally higher, but the nasdaq being helped by technology and not seeing the drag from energy the other indexes are seeing more so. Lets take a look at that. Oil on the day along with a few energy movers. 1 ,is down about 1 , almost down for a third day in a row. This reflect Hurricane Harvey, and in the wake of the storm that many of the refineries in texas have inkind. There is less demand for crude. That is weighing on the price turn weighing on some of the other names. This is an interesting dynamic to take a look at. Lets look at it in the bloomberg. Refineryhe total amount of oil processed by refineries in the u. S. , and we see through august 18, we see that about 4 Millio ....
The nasdaq yesterday had been up more than 1 and the s p 500 more than half of your percent. The geopolitical tensions earlier this week, that briefly took a toll on the markets being shaken off as buyers are stepping in. When we look at the breadth of the market, there may be some reason to be concerned and think that perhaps the rally we have seen for two days could be shortlived. His is a oneyear chart in white, the s p 500 and in blue the percentage of members above the 50 day moving average. Yesterday, the s p 500 moved above the moving average, considered to be bullish and saying buyers are moving back in. In blue, the percentage of the members over the 50 day moving , thege, 43 , declining market internals are deteriorating is what that is telling us. Suggesting that the rally we see for stocks today this week could be shortlived. Lets look at a sector doing well, homebuilders. Bid. All getting a decent Credit Suisse estimat ....
Not seem to be having an influence on the major averages come even though its well above the survey. The dow,l moves for s p 500, and nasdaq. Mixed rating with the nasdaq down slight the. No longer on pace for a record close. On the week, big gains. S p 500 and nasdaq on pace for their best week since middle july. Despite the uncertainty in the real world about geopolitical tensions, debt ceiling, potential government shutdown, we are mainly looking at stocks trading higher in a bullish manner. The dow right now for and s p 500, trading higher. Lets see if the nasdaq can turn higher, in the way it opened. ,ets take a look at carmakers ford, gm, Fiat Chrysler, all gaining. Ford and Fiat Chrysler posted declines in sales for the month of august. Ford came in down 2. 1 , but beating the estimate of down 3. 5 . Fiat chrysler sales fell 11 . Gm sales grew by 7. 5 , beating estimates ....
Seven minutes until the end of the monday session . No trading in the u. S. Because of the labor day holiday. The focus is very much on the european trading. European stocks falling for the first day, and investors turning to haven assets the day after north korea test of the nuclear bomb on sunday. All these markets, currencies are rising against the dollar today. ,he currency of choice yen swiss franc. Those of the best performing currencies. Bond yields are declining. Korea, gold is rising today, continuing above 1300. There is some Corporate News today. Surprised departure of chief executive Joseph Jimenez after eight years of the home of no rvartis. Medical officer, the global head of drug development, enez. Succeed m s on jim bloombergrn from the pharmaceutical index. This includes the struggling business and the stake in crosstown rival. , down9 . Rival, down 9 . The e ....