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first trait to nicole petallides on floor of new york stock exchange. what is fueling the selloff? there is selling across the board. the stock market is up 42% since election today but today is a big selloff. we re not normally seeing this kind of move. this move, the dow dropping 361 points. a loss of 1.4% roughly. this is the big offloss for the dow jones industrial average since last may, since may 17th. you are seeing a two-day selloff accounts more than 2% for the week, right? it is only tuesday. we ll see what happens tomorrow. that being said, early before the stock market could open, all 30 dow components all in the red. we had a story trending on health care, story on energy. let s break it down. first back-to-back losses we ve seen for the dow of this year. don t forget we ve had the s&p 500 having the best start to any year since late 1980s! we ve had a great one but these two days have been tough. 10-year bond yields. as we watch treasury yield jumping mo ....
nicole, what is fueling the selloff? we were down almost 700 points. biggest selloff for stocks we ve seen for stocks since 2016. traders are taking this one in stride. tough to stomach a 2 1/2% selloff on washington. that being said, the dow is weighed down by many energy names, exxon, chevron, that missed on their profits. all 30 dow stocks going into the closing bell are down. energy taking a break. we re still up 37% since the election. traders are okay with a little bit of a pullback. apple is an interesting one. it is now in correction territory, closing at 160.37. that means 10% off its recent highs. so the january 18 close of 179.26. we re more than 10% beneath that. netflix is in pullback territory. not quite correction territory. what is happening? great jobs report, 200,000 added. 4.1% number. this is all great, with wage growth and treasury yields on the rise, 2.842% as the bond. equities are selling it off and we re seeing inverse relationship all week lo ....
tax and we won t have a tax. that becomes free trade. charles: so what is more important going into the election? profits for the elite or the economy. i was shocked. first of all, i love when president trump has these open meetings so the world can watch. he s not hostile. but he has the most of opposition from his own political party. he more or less put it out there. cheaper imported steel from china or steel from america. which do you want. tam rrp america first, but not america alone. we and have jobs. especially with his expansion on the ground and dealing with a free trade dynamic as well. he had sherrod brown and widen seeming they were more on the same page as president trump than his fellow republicans. it was like being in a bizarre world. this is what he ran on. this is how he ran in places like my ohio and sherrod brown s ohio. the people in the buckeye state were drawn to president trump because of his firm words on trade and china and steel dumping an ....
considering. how will you know if you ve gone too far. i m sure the internet will tell me. plus his heartwarping message about his son billy and what he s now saying about that oscar moment no one will ever forget only on gma this morning. good morning, america. big welcome to all of you. welcome back to paula faris. looks like you had fun with jimmy kimmel. he has his work cut out for him. the worst thing that can happen everything goes perfectly. he gravitates towards chaos. why he wants something like this to happen again. he wants the wheels to fall off. good for comedy. yeah, you guys didn t tell me it was green day. it was a telepathic message. you didn t get it. i even changed my die. i didn t like the other one and ended up with this one. what s wrong with you, george? we ll get you right. before we get to your interview which we cannot wait to see we will start with the sheriff s deputy now defending himself over accusations he did nothing t ....
how will you know if you ve gone too far. i m sure the internet will tell me. plus, his heartwarming message about his son billy and what he s now saying about that oscar moment no one will ever forget, only on gma this morning. good morning, america. big welcome to all of you. welcome back to paula faris. looks like you had fun with jimmy kimmel. yeah, he has his work cut out for him this year. he said that the worst thing that can happen everything goes perfectly. he gravitates towards chaos. why kimmel wants something like this to happen again. he wants the wheels to fall off. good for comedy. yeah, you guys didn t tell me it was green day. it was a telepathic message. you didn t get it? i even changed my die. i didn t like the other one and ended up with this one. what s wrong with you, george? we ll get you right. and before we get to your interview, which we cannot wait to see, we re going to start with the sheriff s deputy now defending himself ....