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Wednesday. It started with a trio of Central Banksnt cuttingest rates, and that led to a sharp drop in ghnd yields, ghting the concern over trade tensions between the u. S. And china. At, in turn, led to a flight to safety. Investors piled into things like government bonds and gold. In fact, gold traded above 1,500 dollars an ounce for the first time in six years. Stocks sold off. The dow down nearlynt 600 p early on. Oil also sold off, falling more than 4 . T then the buyerstepped in and stocks reversed course. The dow finished down only 22 points to 26,007. The nasdaq rode 29 and the s p climbed 2. The indexes 2 reversal was its biggest comeback of 2019. Bob pisani has more. Reporter it was another wild day on wall street, the dow plunging almost 600 pointsly ear on before rebounding to end f essentiallt on the day. It was one of the great comebacks of the year. Mounting trade tensi heightened fears of a possible global recession ....
Became careless using their own phones to report fires. The European Union has notified safety authorities in britain, france, sweden and switzerland, that was precautionary measures that some bigs contaminated with an insecticide may have entered their territory. The European Commissions say that germany and the netherlands notified the eus both safety alert system over the weekend. Andhey notified the system to share the information so that. Verybody knows bigs are traceable. Great for European Commission also stressed that bigs contaminated with an insecticide have actually enter those countries. Belgian and dutch authorities are investigating how the insecticide came into contact. More hours a day, powered by more than 2700 i amalists and analysts, mark crumpton, this is bloomberg. Live from bloomberg in ne ....
Slightly positive territory for some of the averages right now. The dow though is down ten points. About five off the s p 500. 1750 is the level. The nasdaq sitting just above the 4,000 mark off 20. Speaking of moment of truth, twitter with its first Quarterly Results since going public due to hit within the hour. Investors will get their first real look at the numbers. Well see if they justify a stock price thats now up more than 150 since that initial Public Offering here that we remember so well. We will get you those full results right after the bell. And were not finished with earnings either. Disney also reports. A big bellwether for the economy and bob iger will be joining us here on the closing bell as soon as the numbers are released. Twitter and disney, two very Important Companies reporting in this ji ....