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Stocks Falling After Health-Care Ruling

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  • Description

    FBN's Nicole Petallides breaks down stocks impacting the afternoon markets.

  • Duration 1:47
  • Date

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Oil on obamacare to top the -- belt so let's go to stops every fifteen minutes we start on Wall Street reaction to Supreme Court Nicole had -- -- At the New York Stock Exchange stocks down big.

Before and after the -- to call.

And that's -- and that's certainly a direct correlation to what we've been seeing with the stock market and the ruling.

There from Washington and what we're seeing right now -- the Dow is down about 1% all thirty Dow components.

Have been in the red all day long you've seen every all the names from.

Whether it was and or GE or.

Work financials are attacked the all the Dow thirty have been laggards could see the nasdaq's down one point 4% the worst of the bunch of the three that we followed here's a look.

At the health insurance that we keep an eye on on the heels of the ruling a five to four decision.

Out of the Supreme Court that UnitedHealth Aetna WellPoint and what's also interesting is there was a lot of volatility there was so much uncertainty when that ruling first came out.

We -- names like WellPoint.

Drop a very quickly intraday charts really tell you the story and then they hit the circuit breakers.

And then stocks were getting halted all over the place in the health insurers and hospitals and such.

As we saw these things on the move but.

Only to see them -- recoup some losses but now dwindling once again so WellPoint.

Is down six point 2% volume.

Here on Wall Street has been heavier than it's been in the past couple of days traders are very disappointed they had already priced in.

The fact that the whole thing would be struck down and and shipped to write out and they did not get that on the contrary what they're hearing now is.

More taxes ahead more uncertainty ahead and so that doesn't bode well for this market -- also the selling has been quite broad base here on Wall Street.

As traders did not get what they expected from the Supreme Court on the contract.

Back to you well -- a lot of the market participants were right on as some of the best they -- -- as well at least the market reacting in particular to the Supreme Court today to call at least we will see you.

In fourteen minutes from.

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