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When the selling is resuming for a weekend there nasdaq lost 11k. It is the worst two days they are trying to get 3400 back as the fns or week. Lets check in with bob pissani and get a since of what you think is going on. What was interesting is we were drifting lower going into the nonfar payrollm payrolls there is tech to the downside. Right across the board industrials are a little weak. Energy is better and bank stocks are up as we have seen the yield curve steepenning. A lot of pressure in the middle of the day the stocks in the last several days, he would have gone on a up and down in the last five or six days and i will show you a couple examples of that. These are all stocks that have been extremely frothy in the last 60 trading days docusign had excellent numbers and very positive commentary overall. So what happens next in a correction when you get big frothy runups you can overshoot. Nvidia when from 505 to 580. All of the way down to 580 you can see it is slipping below tha ....
Neil. Well, you said it when you set this up at the top. The conversation here on the floor has surpassed this notion of correction which the markets have gone straight through, but now traders are talking about bear market territory. That would be a 20 decline from alltime highs. Theyre saying they hope it doesnt happen, they hope maybe a bottom is set here today. The problem is theres just so much uncertainty, and we dont know where this whole situation is going to go. You know, the comparison has been made to the financial crisis, but there was an orderly process, right, between the government and the banks that stepped in to try to work on things. There was some uncertainty, but people were working on it. With this, were not sure how bad it can get, and thats whats spooking investors. Now, the s p 500 entering correction territory, it only took six days to get there. That is pretty staggering. The last high that we saw was on february 19th. Its been the worst trading week since tha ....
Continue to drive Growth Stocks are poised to rally ahead of what could be the feds first rate cut since the crisis. And gaming headwinds, amd delivering a revenue warning first up, apple rising on the better than expected results iphone down from a year ago and now represent less than half of quarterly revenue for the first time in about seven years. Yeah, headlines today in the papers are staggering. New york times, apple reports declining profits and stagnant growth again wall street journal quotes richard cramer, no relation. Were these people on the same call maybe they were on the rotten apple call, i was on the straight apple call. I heard a situation where you are going to if you actually think out in the out years, it is a Service Company with the best Customer Satisfaction there is and when you get an ap ....
Roadway considering a coverage of the latest trends shaping the world right now. This is already international. I a michael quite yet not allow them to put in has ordered exercises using non Strategic Nuclear weapons in the face of provocative statements and threats by west and officials of the Russian Defense ministry. Seth of the general staff has begun preparations for the drills and they said will be held involving the aerospace and naval forces during the trail. So such as measures will be carried out to practice issues of preparation and uses. Non Strategic Nuclear weapons. The exercises am thats maintaining the regiments of personnel and equipment of units of come by to use of non Strategic Nuclear weapons for response and tongue conditionally ensur ....
Live from center city in philadelphia this is fox 29 news at 11 00. For the second time in just week look whats here. Its already coming down. Check it out. You can see it piling up on the ben franklin parkway. And look at what our cameras are catching in wilmington. Snow is blanketing the roofs and a white haze kind of hovers over the city. It could make your morning commute messy. Were talking about slick and slippery roads. Thank you much for joining us at 11 00 im lucy noland. We might even have few School Delays on our hands. We have team coverage. Our Shawnette Wilson live outside Philadelphia City hall where holiday v bracing the cold. Speaking of bracing the cold, meteorologist kathy orr tracking how long the snow will stick around live outside our old city studios. Those are some pretty big flakes there. Oh, ....