The nasdaq has actually been leading today. That is a bit of a switch. Technology has been going in the same direction as other averages but an exaggerated move. A different scenario memo we have seen recently. The s p and dow remain lower and they remain lower than oil prices peered yesterday, we saw stocks drifting lower even as oil held up well. A different story today. If you look at oil, were seeing it down 4 . It bounced off the bottom, but still below 30 a barrel. Oil stocks are weighing on the major averages. We are seeing a lot of big percentage declines among the energy producers. Southwestern Energy Company particular, down 14 . Murphy oil, devon energy, a lot of these Energy Companies have come out in the past week or past couple of weeks talking about various ways to raise cash, whether it is sharing selling shares, cutting dividends. That has been weighing on them, also. Alix a lot of these guys reporting earnings next week like southwestern energy. Aside from oil, we had
And rampage at the navy yard. At least 13 are dead in a mass shooting at a federal installation blocks from the capitol and the white house. This is nightly Business Report for monday, september 16th. Good evening, everyone. Im tyler mathisen. And im sue herrera in for susie gharib. Stocks rallied today on news that former treasury secretary Larry Summers dropped out of the race to be the next chairman of the Federal Reserve. Saying his confirmation process would likely be acrimonious and it wouldnt serve the interests of the fed or the economy. Well talk more about summers decision and whats next for the fed in a moment. For today with summers out of contention traders believe the easy money policies will continue in the postbernanke era so the dow saw another tripledigit gain despite concerns about a horrific shooting alt a Navy Facility in washington, d. C. The dow closing well off the highs of the session but its still added 118 points. The s p was up 9. But the nasdaq ended down 4
Shooting at a federal installation blocks from the capitol and the white house. This is nightly Business Report for monday, september 16th. Good evening, everyone. Im tyler mathisen. And im sue herrera in for susie gharib. Stocks rallied today on news that former treasury secretary Larry Summers dropped out of the race to be the next chairman of the Federal Reserve. Saying his confirmation process would likely be acrimonious and it wouldnt serve the interests of the fed or the economy. Well talk more about summers decision and whats next for the fed in a moment. For today with summers out of contention traders believe the easy money policies will continue in the postbernanke era so the dow saw another tripledigit gain despite concerns about a horrific shooting alt a Navy Facility in washington, d. C. The dow closing well off the highs of the session but its still added 118 points. The s p was up 9. But the nasdaq ended down 4 points hurt by shares of apple which declined 3 on news that
Im tyler mathisen. And im sue herrera in for susie gharib. Stocks rallied today on news that former treasury secretary Larry Summers dropped out of the race to be the next chairman of the Federal Reserve. Saying his confirmation process would likely be acrimonious and it wouldnt serve the interests of the fed or the economy. Well talk more about summers decision and whats next for the fed in a moment. For today with summers out of contention traders believe the easy money policies will continue in the postbernanke era so the dow saw another tripledigit gain despite concerns about a horrific shooting alt a Navy Facility in washington, d. C. The dow closing well off the highs of the session but its still added 118 points. The s p was up 9. But the nasdaq ended down 4 points hurt by shares of apple which declined 3 on news that China Telecom was cutting back on sub ski dis for the iphone. Even before Lawrence Summers bowed out of the running to lead the Federal Reserve this was sure to be
Im tyler mathisen. And im sue herrera in for susie gharib. Stocks rallied today on news that former treasury secretary Larry Summers dropped out of the race to be the next chairman of the Federal Reserve. Saying his confirmation process would likely be acrimonious and it wouldnt serve the interests of the fed or the economy. Well talk more about summers decision and whats next for the fed in a moment. For today with summers out of contention traders believe the easy money policies will continue in the postbernanke era so the dow saw another tripledigit gain despite concerns about a horrific shooting alt a Navy Facility in washington, d. C. The dow closing well off the highs of the session but its still added 118 points. The s p was up 9. But the nasdaq ended down 4 points hurt by shares of apple which declined 3 on news that China Telecom was cutting back on sub ski dis for the iphone. Even before Lawrence Summers bowed out of the running to lead the Federal Reserve this was sure to be