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Points it's quite a swing of course a lot of it is affected by what various members of the Fed are or not saying let's go to Nicole Petallides New York Stock Exchange to call.
Let's start Wednesday New York fed president William Dudley.
It was really his comments I think that turn the market around from deep downs to maybe.
Double digit -- he said US monetary policy.
-- aggressive by historic standards was not sufficiently accommodative -- relative to the state of the economy.
That seemed to give some hope to the market that wants him to continue to be loose with the money.
Right that basically says -- nobody -- -- more Kool Aid and that really does obviously bring support to the car adopt policies that we're seeing right now and that's the kind of comment.
That could be market moving and and worked -- -- 127 points at our lowest point today we were down nearly 250s so we have indeed come up off the let you know what though.
It's interesting to see that in the S&P 500 the ones that are hitting the 52 week close there is sort of a common -- -- came in their material names everybody from a I'll call -- a free form.
Around yeah and they seem to really be out of favor out materials are not the hot -- at all and you're seeing anything that was related to.
Interest rates that was out of favor recently -- -- coming back a little bit today.
And we have got exactly one minute talking about the markets today without bringing up China.
I think that's rather remarkable because it was trying to that really had big influence on how the market of course was all about interest rates.
And of course that affected financials more than any other and they have come up as the market has said trimmed its losses.
Yeah I don't doubt it could have been worse right and China was really a story that began last week the credit crunch -- You know cash issues and that's something that still -- there was a global sell off.
What we started our day today what they go out performing and it's a -- names Microsoft is leading the Dow right now -- what we attribute that I mean it's it's dumb.
Quite well over the past year a couple of things have a shot.
-- -- -- -- -- did great work for mark at home over the.
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