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FBN's Nicole Petallides with a midday market check and the market reaction to Friday's GDP numbers.
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It's targeting the first in the market and -- at least -- New York Stock Exchange selling -- -- Chevron being -- today a big black of his a lot of laggards action a lot of red on the screen you look.
The Dow thirty the -- appearing next to the upside and we had a pretty nice run here for 2012 and the Dow Jones Industrial Average frankly.
Just getting a little tired in the middle of the week some of the traders came to me -- that -- -- is helping things along such as apple.
Commodities were helping things along but the big picture was that we've had a nice rally.
For the Dow in 2012 -- -- start to see it going back a little bit down.
Hot 98 points at the moment including Chevron among those laggards but retailers banks drugs all lower.
Today and so I was looking to see you have a close the last week 121000.
720.
We are well below that about ninety points below.
Hectic nipple watching the dollar gather a little bit of strength and -- that might seem like good news for certain companies multinationals not necessarily.
That's true and we've heard it from both Starbucks and Procter & Gamble noting that 2012.
May be a challenge because of the strong dollar so we saw both of these companies.
Coming out with their numbers and -- -- actually really didn't did very well they have first quarter earnings that rose 10% -- record highs on this solid gains -- gains.
But the big picture -- -- this thing is their guidance this was a little conservative and strong dollar place apart and both.
-- -- and Starbucks outlet and so both names down its.
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