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Financials the Worst Performers of the Day

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  • Description

    FBN’s Nicole Petallides breaks down the day in the markets.

  • Duration 1:21
  • Date

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That we did see job creation of 69000 but he -- disappoint let's get -- -- -- leading is on the floor of the New York Stock Exchange ugliness today.

Financials -- worst performers let's look at the bank stocks.

Yeah pretty worries about the bank stocks -- -- during a tough time in the economy because they are the riskiest bonds right and so you did see names like.

Bank of America down 4% on the fact -- 3% Citigroup.

Down 4% that was -- across the screen every sector every area but those financials got hit hard today.

Well -- gold is telling us that in fact the Fed is gonna be putting more money.

Sometimes the market takes that is a positive they see you know if that if corporations and banks are flush with money it's a good thing not today.

Well that's right and you know we saw gold jumping on that not the one thing but the question is whether or not that bad really can do a whole lot march -- obviously know that they had.

Does the Fed Funds rate and zero for an extended period for years and -- will see whether or not.

I mentioned the volatility and that's our -- all day long the good looking at that -- surging today above.

To 25 that you know.

4748.

Back in April.

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