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Dow Below 13K, First Time Since September

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  • Description

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

  • Duration 1:08
  • Date

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This transcript is automatically generated

We're gonna explain.

Stocks are selling off in an ugly ugly tumbled top of the -- stock every fifteen minutes Nicole penalties before the New York Stock Exchange from.

Nicole.

No doubt -- -- in general isn't tough day here on Wall Street where we have our steepest drop since the summer.

For the major averages are lowest level since early August sent out.

When you take a look here at the Dow all thirty Dow components keep in mind to have down arrows the -- -- over.

2% to the downside the S&P 500 is below that 14100 mark.

Com and Dow down 314.

When I look -- the Dow Jones industrials the biggest losers right now part of Bank of America and JPMorgan of course the financials.

It affects me some pressure from the administration do you see them down more than 5% and the rest of the group Goldman Sachs Morgan -- all down more than 5%.

What is really run well what we saw with treasuries.

It was a rally in treasuries the ten year it's it's one point 64% right now Citi strategists say that a deeper -- is probably likely -- -- -- -- the ten -- go to one point.

-- 3% back.

Nicole Petallides thank you very much we'll see and fourteen minutes again the Dow down more than three hunt.

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