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If you are looking for leadership in the market, you are going to find it in real estate. That is not necessarily encouraging. Secondbest performing sector is consumer discretionary. This is typical this time of year. You see a lot of retailers being bid up ahead of the black friday shopping season. You are also seeing a lot of the big retailers and apparel makers getting bids higher here. Then we take a look at treasuries. Third straight day weve seen a bid going back into treasuries. A lot of this is actually a little more on the short end of the curve. Seeing a lot more bids in the twoyear space rather than the 10. That is creating steepening, but still, the flattening over the past six or seven weeks still pretty dramatic. Gold rebounding off its lows for the day. It had been down. A lot of bearish notes coming out saying that the gold rally may finally have run out of steam. We got some data out of china showing purchases there, imports into the country have fallen. We also had so ....
Good morning looking to debate debit australia. I am paul allen at the Investment Conference in sydney. We are counting down to asias major market opens. Good evening from new york, i am stare on. The top story this error. U. S. Stocks and treasuries rise as the latest five comments fuel speculation the central bank is headed toward another pause in rate hikes. President biden boastful support and military aid for israel. The combined death toll now approaching 2000. And china is said to be ready to unleash a new round of stimulus. Take a look at how u. S. Features are coming online. 20 early in the session. We have stocks and bonds gaining ground on that commentary coming from a fed official. We have the s p 500 gaining ground for third session. A little bit of a technical rebound. We have the 10 year yield fallen toward that 4. 6 level. A little bit of catching up for treasuries with a global bond round. We are looking ah ....
Quarter report. Could come out any minute. If history is our guide well see the stock move up or down as much as 10 based on what happens. First lets get you back to these stocks, dropping into the close. Lets go right to adam shapiro at new york Stock Exchange. Adam, it was about 2 30 when the market really began to slide. What happened . The. Reporter i asked some of the traders down here and they said it is just algorithms, computerized trading started the selloff. When we broke below 2095 on s p 500, those computers kicked in and down we went. Look at stocks that sold off big, ibm was down close to something 2. 1 . Home depot was down over 2 . Apple, we keep talking about apple after they missed on earnings, look at that apple down 3 . Goldman sachs down what, 1 1 2 . Boeing was down close to 1 1 2 as well. What is surprising after we got the bank of japan news this morning which surprised everybody, we started to pull back fr ....