Lets check on where stocks are diverging with Abigail Doolittle. Abigail we have a big divergent , one that is rolling as the day goes on. We have the dow, the s p 500 trading modestly lower, the dow down about. 3 , the s p 500 about 2 . 2 being dragged down by energy, look at the nasdaq. , andasdaq up about. 5 tech is helping, one of the only two sectors positive in the s p 500, but biotech is as well, pretty investing there. Oil is the big story after what could have been perceived as somewhat of a bullish department of Energy Inventories report. According to our oriole strategist at bloomberg, oil is down 3 , now down 23 from the february peak. Energy is the worst sector for the s p 500. These are among the worst performers. Chesapeake, apache, transocean. When we look at the bloomberg chart, thisthis will not come as a surprise either. We have the s p 500 energy index being taken down, and below we have percentage of energy to the s p 500. Right now, it is at the lowest level since
Lets check on where stocks are diverging with Abigail Doolittle. Abigail we have a big divergent , one that is rolling as the day goes on. We have the dow, the s p 500 trading modestly lower, the dow down about. 3 , the s p 500 about 2 . 2 being dragged down by energy, look at the nasdaq. , andasdaq up about. 5 tech is helping, one of the only two sectors positive in the s p 500, but biotech is as well, pretty investing there. Oil is the big story after what could have been perceived as somewhat of a bullish department of Energy Inventories report. According to our oriole strategist at bloomberg, oil is down 3 , now down 23 from the february peak. Energy is the worst sector for the s p 500. These are among the worst performers. Chesapeake, apache, transocean. When we look at the bloomberg chart, thisthis will not come as a surprise either. We have the s p 500 energy index being taken down, and below we have percentage of energy to the s p 500. Right now, it is at the lowest level since
Lets check on where stocks are diverging with Abigail Doolittle. Abigail we have a big divergent , one that is rolling as the day goes on. We have the dow, the s p 500 trading modestly lower, the dow down about. 3 , the s p 500 about 2 . 2 being dragged down by energy, look at the nasdaq. , andasdaq up about. 5 tech is helping, one of the only two sectors positive in the s p 500, but biotech is as well, pretty investing there. Oil is the big story after what could have been perceived as somewhat of a bullish department of Energy Inventories report. According to our oriole strategist at bloomberg, oil is down 3 , now down 23 from the february peak. Energy is the worst sector for the s p 500. These are among the worst performers. Chesapeake, apache, transocean. When we look at the bloomberg chart, thisthis will not come as a surprise either. We have the s p 500 energy index being taken down, and below we have percentage of energy to the s p 500. Right now, it is at the lowest level since
Are positive, up. It is a Dollar Strength story in the session. The euro is on cti. The headline number is largely in line. Treasuries are unchanged on a 10 year yield. Crude is softer. We did trade norse of 50 a barrel earlier in the session. Alix it was 52. M a monday, Discovery Communications is buying Scripps Network for 14 billion. It is up 1 . It is 90 a share in cash. This comes on the heels of discovery saying net income was down 8 in the second quarter. Its all about the unification of these companies as they compete for ad dollars. Versus Congress President trump. The president said on twitter dont give up republican senators, the world is watching. Repeal and replace and get to 51 votes. This comes after he threatened to remove government subsidies. Meanwhile, you get a joint statement from the house. They emphasized the importance of tax reform. They said we are united that the most important action we can take to grow our economy and help the middle class is to fix the roa
Below 60 estimated by analysts. That is a ninemonth low for that reading among u. S. Homebuilders. We are seeing potential buyers staying away here. We see progress in the real estate market. This is a stutter with in that. This is typically not a big market moving number. We are seeing the rally in u. S. Stocks that does remain intact at this present time. Particularly buying in asia and initial buying and oil, though that has faded to some degree. Take a look at the imap on bloomberg here. A rebound in information technology. Thingsbeen one of the that has held back stocks this year. Financials are coming back as well. If you look at the angst, we are seeing a rebound continuing today building on fridays gains. A backtoback rally for u. S. Stocks. Goldman sachs and citigroup also building on fridays gain. I mention oil prices. Lets look at oil now. We have seen the rally earlier ay on the city to for decision to freeze production by saudi arabia and russia. We will talk more about th