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Knight Capital Shares Sink on Trade Issues

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  • Description

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

  • Duration 2:26
  • Date

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This transcript is automatically generated

But let's go to the -- -- -- of the New York Stock Exchange for the very latest now you know as the market is down it's down primarily because of the Fed because it was up before but.

Boy did we all have a scare in this morning it was all about Knight capital these more this market mover and as a result their stock is getting hammered today right.

Look this first 45 minutes of trading this morning was -- read this and now Knight capital going to be liable and we're gonna see what happens your Knight capital stock is sinking 32 -- -- -- -- -- a -- 140 companies were affected stocks were halted that were erroneous trades.

And this is all because of software issues over at night -- may be something else out there investigating but water more and sweat -- -- morality guys it's crazy.

Extend that -- announcement nickel we saw the markets up for most of this action we didn't get much from the Fed what's the buzz on the floor regarding.

September's meeting is that when we think we're gonna see the action.

Well that's does something now they have to look forward to debating yet today they didn't say you're pretty money today and that's what we so -- swing around.

The way it did we saw the dollar's been around to navigate all the candle and hope for -- you know the fall.

We saw everything swing around this was a roller coaster day of stocks again beginning with the Knight capital thing but that.

Very often that shows a lack of conviction when you see stocks going way up in way down or up and that most starts going -- -- You wonder about conviction in this market in general and I would I would ten point apple.

So many people old apple now so many tabling of it is a commodity stocks on the that you simply.

Have to have in your portfolio that we did see huge swings these double digit swings or anything.

But it must've gone through the zero point about five or six times today.

It's what they have that -- patients to watch right it helped the 600 dollar line but we stop FaceBook and they -- hitting new all while low so.

Yeah did a lot of swing in around here but -- -- I think a lot of people are open.

For the fall and that -- thought.

-- earnings central on Fox Business after the bell here Nicole awaiting earnings from green mountain coffee -- met life.

How those stocks looking ahead of those results in just a human -- that from those -- those are all -- down arrows but the big picture is that.

Year to date that all real big losers and green mountain rose is that the one that's always so volatility this comes on the heels.

Of Starbucks which has been suffering so here's a look at how they're feeling right now.

-- -- -- Right by the way we don't want to forget about Boston here.

Hello my favorite Sam -- -- -- well foot -- with the.

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