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The Dow’s Wild Week

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  • Description

    FBN’s Robert Gray on the market’s volatility this week.

  • Duration 2:15
  • Date

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This transcript is automatically generated

Robberies.

Palin as that's right -- we have the berms further debate bulls on the run here today firmly controller -- the Dow now above 500 points on the day.

Almost a 5% gain or CNN live take a look at where we've been this week -- it.

What a week it's been for the Dow on Monday down 635.

Points.

Closing well below 111000.

Then on Tuesday -- 635 point move off the lows to close up 430 points Wednesday down another 500 points here we are today.

Up 500 points for the -- almost unprecedented volatility whip -- trading to say the least here back and forth.

A lot of this volatility going on here in today's session and it one of the reasons we're seeing gains today the analyst just mention it Cisco Systems reported earnings last night after the closing bell that'll -- they beat but it was really their outlook.

For a corporate spending on technology helping to lift not only that stock to its best day in nine years but the entire technology sector which is really been.

-- this week and is up two and a half dollars as you see right there we talked about the risk trade being on the QQ queues which of course represent the NASDAQ-100.

-- Sysco a member of that is well it's up 5% change see the small caps in the Russell 2000 up 6%.

Financials ripping up today set and a half percent blacks and of course a big corporate buyout firm.

Other publicly traded proxy for private equity if you well it's up seven and a half percent today what's not working in a gold they raise the margins.

People -- are selling off further written these safe -- so called safe haven drug trades today.

You also the thirty year but long bond today I'd.

-- a difficult auction for the government the worst since February of 2009 today so.

Investors not done showing up for that like they did the ten year and the three year earlier this week and lastly let's.

And then the call we talk about France if you take a look.

I had France yet there are a lot of rumors about banks cutting off credit lines I talked to some traders and strategists in Europe this morning.

I didn't they have not to Afghanistan foundation to -- -- that they have heard talks about possibly banning naked short selling there nothing come to fruition yet we do knows a conference call.

Amongst the -- -- EU member nations there and they're discussing it will waiting till after the close maybe are close Nicol to hear more on Japanese -- -- EW.

Q if you -- -- -- France it really don't suffer the most in at least a year and -- -- along.

The quality of the riskier asset.

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