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Stocks Down After Manufacturing Data

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  • Description

    FBN’s Nicole Petallides with an afternoon market update.

  • Duration 1:13
  • Date

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This transcript is automatically generated

Right now and that means Nicole Petallides on the floor of the New York Stock Exchange yeah SM number.

Today is certainly a negative but Friday it was such a great day in a cold hard to -- to up.

On optimistic right now that's that's your and the traders.

Noted that Friday was a great day and we have we actually have good June so the trend continues here -- slightly to the upside and some folks are saying the market is overbought but.

So far we did break some technicals and that's that if -- -- out there.

What -- take a look here at the major averages look at the Dow right now is -- a half a percent the S&P.

Down 13 of 1% and we noted that June was up about 4% for the quarter was a -- but we'll wait for the jobs report on Friday that of the key as well and talk about economic news.

Let's look here also at Best Buy it.

And yet today when you look at Best -- take a lot the stock is jump and it's up about 10% here.

This morning and we're looking at a and that if things to keep in mind it's about how to market cap it was five years ago and 29% below its earlier levels but.

-- basically the question is whether or not.

The former chairman Dick Schultz is looking and trying to form a group.

To take this thing private and so -- the speculation continues to -- this get short covering underway and get a nice pop.

Back to that doesn't -- it drag on -- -- Nicole thank you.

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