Detailed text transcripts for TV channel - CNN - 20180207:10:41:00
Range of 1,200 points, changing direction 29 times before closing up 567 points. a huge gain of 2.3%. the s&p 500 also up almost 2%. the nasdaq higher. the sell-off was sparked by a few things -- rumblings in the bond market, concerns about wage inflation, whether the interest rate will rise. but as stocks turned volatile, the cheerleader-in-chief, president trump, has kept quiet. testifying on capitol hill yesterday, the treasury secretary steve mnuchin said the economic fundamentals in the u.s. are "quite strong." he was asked if the trump administration would accept blame for the recent sto...