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Stocks Looking to End a 3-Day Losing Streak

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  • Description

    FBN's Cheryl Casone and Nicole Petallides weigh in on U.S. stocks.

  • Duration 2:36
  • Date

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Let's check in on US based markets right now because look what we're actually higher.

The Dow the S&P -- at this point trying to end a three day losing industry both trading at session highs right now.

Dow up forty NASDAQ still in the red just fractionally S&P -- Is higher is a Friday but again a rough week for all the traders -- for the markets let's head out of the floor of the New York Stock Exchange.

Italy's let's kick off with I -- what the homebuilders all week it is then.

Essentially for these guys that KB homes -- first quarter for these guys.

More order cancellations Lotta pressure from the analysts community -- -- -- -- not a good day they really really disappointed the analysts missing on all fronts and so what you see here turning my KB home is double digit losses in percentage terms.

I don't see it down 56 cents there -- candidate chart.

Really shows our viewers the real picture here you can see it tanking this morning it's trying to climb back -- any other homebuilders.

He better outlooks names like DR Horton -- Lennar.

Multi -- actually gave out a better outlook certain -- Springsteen and that's one.

This is a seasonal business for homebuilders and spring is supposed to be a great time for these guys so you're starting to see some of them -- covering off the lows.

KB home was down 12% now I see it down about one half percent so they are.

Clawing their way back falling stock -- of 44%.

-- today I mean that is so despite this ugly quarter at the stocks all of a lot and that's from traders.

We're today so this is no good to point out there -- -- -- about trying to call another bad today for -- the global market IPO.

That was today.

Stock halted what's going on here.

That says -- and now I'd use the traders -- actually was handed this ticket among so many traders who came to my -- to quickly talk about what is going on with that.

This particular has -- have you been talking about the back debacle.

And that's a great way to talk about it that's -- -- appetite PO today those speak a great -- -- debut but a couple of things have happened.

Number one the Wall Street Journal has come out talking about how backs as under the as investigations on the SEC about high frequency trading.

Also on top of that their own system failed today when -- report came under basically with the glitch that was caused by the apple trade right we've talked about apple that was halted.

Because of a hundred shares.

That -- -- was a 10% loss there so they had to -- and sat.

And so -- itself this.

The shares of bank that's what you're supposed to be around 1516 dollars traded down to pennies they had to home that it is supposed to reopen even now it's worth speaking.

But I'm not getting any cues from these guys -- I have a few people watching out for May -- I don't think it's open to stand all right we'll.

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