Dow coming off a high and the s p and nasdaq coming off. They are sort of mid range is what we are looking at. The risk off attitude has resumed to some extent. It is the nasdaq doing the worst of the bunch. Losses double what we have seen for the s p 500. We have bounced off the lows as the nasdaq traded down. Here is the today chart and the bounce we are seeing even yesterday. We saw the nasdaq close off the lows of the session. If you look at the percentage declines in the nasdaq 100 three of the four worst are not even tech stocks. Ats to neutral firm davidson, the analysts saying there is a deteriorating nearterm business fundamentals if you look at the company, and the companyceo had presented a thoughtful Strategic Land but were lacking, as was execution specifics. Dollar tree is down as well as we saw forecasts disappointing perhaps. It is interesting that it is not just tech and the nasdaq. You look at the 52week highs versus lows, we are at 44 . Just last week where the nasda
Dow coming off a high and the s p and nasdaq coming off. They are sort of mid range is what we are looking at. The risk off attitude has resumed to some extent. It is the nasdaq doing the worst of the bunch. Losses double what we have seen for the s p 500. We have bounced off the lows as the nasdaq traded down. Here is the today chart and the bounce we are seeing even yesterday. We saw the nasdaq close off the lows of the session. If you look at the percentage declines in the nasdaq 100 three of the four worst are not even tech stocks. Ats to neutral firm davidson, the analysts saying there is a deteriorating nearterm business fundamentals if you look at the company, and the companyceo had presented a thoughtful Strategic Land but were lacking, as was execution specifics. Dollar tree is down as well as we saw forecasts disappointing perhaps. It is interesting that it is not just tech and the nasdaq. You look at the 52week highs versus lows, we are at 44 . Just last week where the nasda
And target amendmenazon a new report says theyre to blame for keeping wages low for the american worker. Well debate that when power lunch begins right now. Welcome to power lunch im Michelle Caruso cabrera. The dow and s p 500 setting record intraday highs. Dow would be higher if not for j. P. Morgan and Goldman Sachs which are lower. J. P. Morgan reporting numbers this morning, the nasdaq is on pace for its best week in two and a half months the. Dow and the s p 500 on track to post their biggest weekly gains in seven weeks check out the movers walmart and boeing are higher on upgrades gap is higher, retail stock being added to j. P. Morgans focus list and a number of wellknown names hitting new alltime highs facebook, mastercard and ebay among them and we begin with j. P. Morgan. That story that tyler told you about. Ceo jamie dimon going off on washington during an earnings conversation call with analysts blasting the d. C. Dysfunction and the impact its having on the economy. Wilf
The whole joint. Were letting its negativity, its neoism, were letting it influence our thinking i want it stopped right now. Right here i want to cordon off craamerica and do it today. The dow dipped the nasdaq gained. 47 put it simply the people who run our government cant seem to, well, govern todays breakdown of the gops most bedrock promise repage replacing obamacare has cast a pall over everything even if it was unpopular, but if the republicans never had votes to axe the Affordable Care act why have they spent month on legislation going nowhere. Makes me wonder if Mitch Mcconnell knows how to count im not saying we need to return to camelot i just think that congress inability to accomplish anything, anything at all has started to poison the atmosphere on wall street the latest look at the results of our Great American companies with way too jaundiced this negativity is coming out in two ways first buyers right now seem only to have love for a handful of companies that are viewe
Path and what it could mean for the people of houston, the home of the biggest refineries in this country power lunch starts right now welcome to power lunch. Im courtney reagan, as tyler mentioned retail flying high but stocks trading in the narrow range. Fed chair yellen and top central bankers meeting in jackson hole. Well head there live. Hormel foods missing earnings estimates and cutting its outlook. J. M. Smuker tanking on its earnings miss. Thanks koscourtney the president taking another swing at Republican Leaders on twitter, including paul ryan for failing to get things done how does paul ryan feel about the president ial jabs. Ylan is getting ready for her one on one with the House Speaker. Reporter paul ryan keeps trying to talk taxes but the president has other ideas in those tweets he was blaming both paul ryan and Mitch Mcconnell for making a mess of this debt ceiling fight. Paul ryan just wrapped an employee town hall here today at boeing, speaking with employees as wel