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Renewed megacaps. Weakness in technology butt a dumper on the rally if financial shares which were hire following the results of the stress test we told you about last night. Today, the dow jones indus average fell 167 points to 21,287. It had been down more than 250 points midday. Nasdaq drod dropped 90 and s p 500 was off 21. Although the pullback may look concerning, it may want be as bad as it appears. Bob pisani explains. It was anything but a breezy summer day for the stock market. The dow plumets as much as 257 points before ending down 167 points. Largely weighed down by apple. But for the moment, this sunt look so much like the start of a broad eer sell off as a healthy rotation. Investors are moving over big tech names like microsoft and apple and google. Theres some reason for that. Bank stocks for example bounced the cap a tall plans of all 34 banks under review in the second round of the bank stress hasnt happen td since 2008. Theyre raising all of the dif depds. Chevron t ....
Days cooling trade. And the crystal blue caribbean sea. Nonstop flights are available from most major airports. More information for your vacation planning is available at the reebok dot com. And now abc world news. This is bbc world news america reporting from washington im john obrien. The final push in an effort to end a caliphate the bbc is with iraqi forces as they retake symbolic ground in my soul. We just been told that three i. S. Fighters have fled. From the building right in front of us. But its clear that most of the militants who remained here well thanks. Finish. President trump insults a female tv presenter on twitter his attack is swiftly condemned by senior republicans. Obviously i dont see that as an appropriate comment i think the gore trying to run here is. Improve the tone the civility of the debate. This obviously doesnt do that. And getting up out of the cities and into the country by this fall but turned his cow sheds into galleries. Welcome to world news america ....
Days cooling trade. And the crystal blue caribbean sea. Nonstop flights are available from most major airports. More information for your vacation planning is available at a real dot com. And now abc world news. This is bbc world news america reporting from washington on your it for violin. Sweeping changes coming to france. Of any president wants to reshape the political landscape. Tweets and travel around President Trumps agenda right now he attacks his old enemy the media superfast running counter with Vladimir Putin this week. And now politics is in the ring. Out one wrestler is taking his liberal beliefs right to the conservative heartland. Welcome to avi is on Public Television and sat around the globe. A new leader of france is being compatible and print a podium. Because hes already trying to oval hole a fren ....
The one sector that did not participate in the rally today was the Technology Sector. The best performing sector during the First Six Months of the year. Here are the closing numbers for you. The blue chip index advanced 129 points to 21,000. The nasdaq dropped 30, the s p 500 added 5. Also helping the climb today, the transportation sector which hit a record, that group is considered a key part of the market and the economy. And Morgan Brennen tells us where it may be headed next. The dow transports recently reversed court to out perform the broader market. Today was no exception. The dow jones hit a new high. Splashing a dow theory signal that means stocks could continue to gain ground. Analysts expect the strength of transports to continue. At least for now. A weak dollar and the unrelenting rise of e commerce sh ....