Downside Move News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Seeing big losses today. cnbc's dominik chu joins us with more. we talked about three major causes for the drop today. would you say one is the overriding concern here? >> you hit the nail on the has. there are many cross currents at play right now. the one a lot of traders and investors are focused on is likely going to be that slowing momentum, that downside move in technology stocks. and the reason why is because technology, internet, media related stocks make up a huge portion of the u.s. stock market. as those particular stocks start to lose steam it drags down the whole market with it. s...

Winningest trades that have happened over the last couple years that have selling off the most. namely big names like amazon.com, facebook has been a big culprit. larger company technology stocks. those stocks that have done really well since the election are the ones that are pulling back by some of the most in today's trading and over the last couple of weeks. so andrea, it's something that a lot of traders are watching very closely. they're watching to see if those charts indicate this downside move may have legs. >> to see if it's more than a normal correction. but how unusual is it, domin...

Since all of this got started back in 2008. it is a much better than expected number. stuart varney joins me now. host of "varney & company" on the fox business network to tell us what he sees in this number. clearly the trend line is a good one, stuart. >> the trend line is good but i have to point out to you, martha, the downside move, fewer number of people applying for unemployment claims, that has stalled. we've gone from 400,000 six months ago, to 350, 360 now. we haven't moved lower for the last four weeks. so we stalled coming down. that is not particularly good news. we should be comi...