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Bank Stocks See Green After Moody’s Downgrades

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  • Description

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

  • Duration 1:05
  • Date

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-- let's go to the gulf middle east of the stock exchange and start.

With the bank stocks because of course they were the ones most affected by the news which it turned out to be sort of sell on the -- but by again that.

On the news in the news was not as bad as it was thought to have been.

Traders got exactly what they expected from Moody's -- he got cuts basically across the board Morgan Stanley wasn't as bad as it -- -- -- I think he's not buying more down about a hundred points that we -- some late day buying here bodes well.

-- OK well let's talk about the commodities market -- oil totally -- that -- Coming back pattern helping quality rally that yesterday some big drop -- -- -- have some those oil stocks -- incidents.

Now we didn't seem I was on the moves -- out most have been higher learning like Exxon Chevron but we're we're we're seeing here is that they are on the that's oil went back that eighty dollar mark.

Ed FaceBook Canadian court today what it used to be still names but it did get a little bummed today not bad about a 5% -- -- one point.

Yeah I've got 10% the week no more important actually check.

Results and says we'll let you back as the bells -- ringing up Wall Street is again.

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