At the New York Stock Exchange you can say stocks are sinking you can say they are stinking, folks. Trade tensions in washington, eamon javers has the latest from the white house on trade and Steve Liesman is here to explain what is a yield curve inversion and why it has so many people so worried. Lets begin with mr. Pisani at the nyse it is weak Global Economic data remember, yield curve inversion is in effect, not a cause. The Global Economic data that is issue were seeing those sectors that would respond to that are the weakest, including retailers, energy, semiconductors, and industrials. Everything is down rather uniformly, anywhere between 2. 5 to 4 . A lot of emphasis on sectors that are already deep into correction territory, were talking more than 20 down from their recent highs and almost all of these are due to trade tensions, Global Growth and tariffs being the two big aspects of that. Pharmaceuticals is the one exception off the highs, a lot of separate issues dealing with
Nevine we could go with all three drivers, but if you are looking at the dow on track to close at a record a lot of Health Insurance stocks are helping take us there. Absolutely incredible the moves happening in these stocks. Theyve all really underperformed all year long because of all of what is going on in washington the rebate rule dismissal is really a very, very big deal because it would have made pbms extinct in the medicare world. Are you a buyer i am. I have been buying United Health care because the stock had fallen Something Like 25 from its december high, but even now down 13 from its highs. Trades at about 18 times forward system the real name to own, the levered one would be cigna, trading at a 40 discount to anthem, absurd, and they have the express skrip as a pbm the stocks are attractive, though and very under owned thats the real key here. Big moves in yields, ten year at 211 lots with stephanie to come over the next hour. Focus in on the big stories, bob is on record
It looks like we are not getting back to those levels today. We once again have a tight trading range. All three major averages are in the red. The dow is the big laggard. The nasdaq has been consistently the upper former. The upper former. This looks at the daily trading range of the s p 500. Fridays trading range was the tightest of the year. At 5. 8 points. E certainly in the top five tightest trading range as weve seen this year. Stocks utilities benefiting from an upgrade over a jpmorgan tech. Energy and financials are big laggards as we see rates fall today. Lets start with Energy Crude Oil prices have come act from their lows of the session. Come back from their lows of the session. We still have weakness and energy that is persisting here. Are the Worst Performing Energy Stocks in the s p 500. Telecoms are the best performing stocks today. Rison and at t are both higher, getting an upgrade from a telco analyst verizon and at t are both higher. Less bearish than he has been pa.
It looks like we are not getting back to those levels today. We once again have a tight trading range. All three major averages are in the red. The dow is the big laggard. The nasdaq has been consistently the upper former. The upper former. This looks at the daily trading range of the s p 500. Fridays trading range was the tightest of the year. At 5. 8 points. E certainly in the top five tightest trading range as weve seen this year. Stocks utilities benefiting from an upgrade over a jpmorgan tech. Energy and financials are big laggards as we see rates fall today. Lets start with Energy Crude Oil prices have come act from their lows of the session. Come back from their lows of the session. We still have weakness and energy that is persisting here. Are the Worst Performing Energy Stocks in the s p 500. Telecoms are the best performing stocks today. Rison and at t are both higher, getting an upgrade from a telco analyst verizon and at t are both higher. Less bearish than he has been pa.
It looks like we are not getting back to those levels today. We once again have a tight trading range. All three major averages are in the red. The dow is the big laggard. The nasdaq has been consistently the upper former. The upper former. This looks at the daily trading range of the s p 500. Fridays trading range was the tightest of the year. At 5. 8 points. E certainly in the top five tightest trading range as weve seen this year. Stocks utilities benefiting from an upgrade over a jpmorgan tech. Energy and financials are big laggards as we see rates fall today. Lets start with Energy Crude Oil prices have come act from their lows of the session. Come back from their lows of the session. We still have weakness and energy that is persisting here. Are the Worst Performing Energy Stocks in the s p 500. Telecoms are the best performing stocks today. Rison and at t are both higher, getting an upgrade from a telco analyst verizon and at t are both higher. Less bearish than he has been pa.