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and i m courtney reagan in for sara eisen thanks for joining us today. this monday morning after the super bowl, if you re up, you might be a little tired. but may also want to be somewhat elated if jim is watching i hope he s asleep after a big night of celebrations. if he s not, congratulations to him and all eagles fans. let s get to the markets a roller coaster ride last week particularly when we saw the dow sell off 2.5%. the nasdaq and s&p both down 2%. for the week as a whole, the dow was off more than 4% nasdaq down 3.5% and s&p in between those two dow about 127 points, nasdaq 12, s&p, 9, clearly much more muted than that massive selloff we saw on friday. worth pointing out on friday, all 11 sectors were lower for the week energy materials were the worst. health care and tech also pretty bad. and yield has been a crucial factor for markets over the last couple of weeks. the fact that yields have been rising have spooked some investors. they got to 2.85 on f ....
and we were depressed because we were hoping for the classic ending, the come from behind by the way, it looked like the long bomb in the hands of gronk. had it happened. the two-point conversion never happened hold on, an end of an era, do you think the moment is past now? i do actually, i ll tell you why, you know, the team was actually struggling the whole season you know, pulling stuff off in final moments of every game. really it happened that way. the defense was weak throughout the entire i agree with that it looked i don t want to be a naysayer, but i think it s going to have to be a structural change if that team is going to have to stay in super bowl contention next year most of us want to see the coronation of brady agency the greatest ever. and belichick, the greatest ever we needed that win last night. so coach wonderful, what s your structural change i d keep brady. obviously, they have to keep brady. it was a money decision to whack ....
yesterday s record drop played out. this is a time lapse video of what happened with the dow down 200, down 300, down 400 as you got closer to the end of the day, down 1600 points almost at one point by the end of the session, 1,175 point decline. decline of 4.6%. this is the biggest point drop in history add it up, the dow traveled 5100 points yesterday down 4.6% does not rank in the top 12 or 15 declines we ve ever seen the biggest decline was october of 1987, a 22% decline this was enough to get peoples attention. the dow and s&p lost more than a third of their 2017 gains just during the last two sessions if you were wondering what else was going on behind the scenes, volatility this was the big story volatility is back yesterday we were talking at this time about volatility being up at 17 that was a big deal. by the end of the session it was above 35 for a gain of 115%. this morning you see volatility up once again, another 14% this morning, 4262. mike santoli, this ....
effects when we are running a big deficit? we always should be worried about interest rates. i don t see them spiking right away. people are fearful because we have growth coming back. we want to solve our debt. you can t solve it just by cutting. we have to grow the economy. people should be fearful of where the money is being sent spent today. it was that discretionary spending. mandatory social security and interest only made 25%. that makes up 69 now. it is automatic. congress doesn t have control over that year or two year. issue. a demographic 10,000 people a day for the next two years are qualifying. we should protect them for future generations. it is better to do it when you have a growth economy. anyone who studies this question says we have to deal with entitlements. we are spending all of our money . we just had a presidential election and neither candidate said we needed to take this on. will?re a political are the voters willing to say it is ok if ....
not seen the kind of range today we have seen in recent days, that changes in the markets prove me wrong. we swung from a loss to a gain. it is a smaller loss than we have seen in recent days. still, the volatility is there, or the swings are there and daily averages. there was no catalyst that seems to send stocks higher. if you look the daily range, with the average, you can see that today, yes, the range is on a relative basis somewhat smaller. overall, the range has really ticked up recently. let s zoom in to get a better look. there you have it. here is today s daily range versus where it has been recently. it is higher on balance that it was last year on a typical day. ?hat is leading stocks higher we have consumer discretionary stocks performing well today. ther armour is helping lead gains there because the company s earnings and revenue came in better than estimated even the north american revenue still fell. the rates of decline is still smaller than it has be ....