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Stocks Near Session Lows

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  • Description

    FBN's Nicole Petallides on stocks impacting the afternoon markets.

  • Duration 1:15
  • Date

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Did his story it as the top of the hour right now and every fifteen minutes of course it is stocks out with Nicole peddling -- little more than you're not an exchange.

Selloff is on after that jobs number -- -- -- traders surprised by the amount of selling.

We're seeing today hi David elegant not surprised to see this selling here because everybody expected that in the markets would get what they expected which would be.

Jobs numbers that -- either in liner beat the -- had received broad based selling here.

Doesn't come as a surprise because everybody was factoring in better jobs numbers today on the heels of yesterday's reports from ADP private.

Sector jobs there it looked better the weekly jobs numbers and so there's a direct correlation but the trend seems a little bit better.

And they.

Caterpillar is sitting on the Dow that weighs heavily on the Dow what's worth more than twenty negative Dow points all by itself and Wells Fargo actually.

Removed Caterpillar often its priorities topless why -- because an increase uncertainty about 2013 in the equipment demand.

-- you know in a tough economy are people going to be building are they going to be using heavy earth moving equipment.

And so like Caterpillar like all the other data -- -- our McDonald's has been trying to squeeze out again.

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