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S p 500 by. 5 . Nasdaq down. 75 , well off the lows it is worth noting. They had been down more than 1 at session lows. All this following the headlines and Michael Flynn did plead guilty to lying to the fbi and is agreeing to cooperate in the russia probe. Abc reporting he may testify against President Trump. The idea President Trump had in fact been connected to the russia contact. If we take a look at the intraday chart of the dow, we see this roller coaster ride up until about 11 00. It had been slightly higher, on pace for a record close. As the headlines crossed we see an absolute nosedive. Session lows down 1. 44 . On pace since the worst day since may. Also true for the s p 500. The russell 2000 down significantly, its worst day since may. A little bit of a moderation as investors trying to figure out with this ....
Come back. Alix abigail the dow was down 1. 4 , but was scarlet asking was that is the trillion dollar question in terms of uncertainty. The kneejerk reaction we saw the headlines crossed around Michael Flynn with a mans was a massive selloff. This was on pace for the worst day since may. The russell 2000 has been down more than 2. 5 . The russelloday, 2000 had been up on the week. At those lows, it turned lower on the week. We are looking at weekly gains for the s p 500, the dow, and the russell 2000, but this tech heavy nasdaq is still on pace for weekly declines, down 7 10 of 1 . Lots of uncertainty about what this could mean. It is interesting that this comes as we are also hearing about tax reform. It seems as though it may not derail policy, but that will be something investors will have to figure out Going Forward. Lots of uncertainty, we are a risk off tone. But that be ....
The end of the day. The nasdaq earlier this week daysile, closing down two for the first time in 2018. Overall a bullish tone here. Up four basiseld, points. The havens bonds are selling off , completing a risk on picture. A team of strategist said bank of Americamerrill Lynch say the bonds selloff might be a little bit stretched. We are looking at the 10 year yield in relation to the 200 Day Moving Average, and it has gotten well above the 200 Day Moving Average by about 30 basis points. It tends to move back down to the mean then. So in other words, the 10 year yield might fall back down 2. 3 . In that case, bonds would be rallying and it would be a risk off tone. But today, risk on. Lets look at two of the major winners, intel and abby. Afterat its highest level beating estimates. They gained an optimist ....
Announced a plea deal with the u. S. Authorities, is in fact someone who worked to rapidly workeda, as it directly with russia as a russian actor, or who considered himself an american. We will bring you those details this get them, but bombshell indictment. Republicans seething on the fact that they feel there was nothing in here to to directly assess whether President Trump nor his campaign was aware of the involvement of russia meddling, but the indictment be on the politics of this, President Trump has been briefed on the indictments and we are awaiting some kind of statement from the white house. Fors said to be in florida the Holiday Weekend. That is the politics. On the policy front, from a broader, historical perspective, this is building on the governments case against russia for their meddling in very clear ....