dominick chu is back at hq with more on that good morning >> good morning.is a market of stocks as we talk about the broader indices, we're far away from the correction mark, down 10%. but some of the individual names stood out. we took a look at a broader measure of the stock market, the russell 1,000, bigger population than the s&p 500 and also look at those that have at least pulled back a lot and hit highs recently so about half of that russell 1,000 index has hilt a 52-week high or multiyear high or record high sometime just in year to date and 72 of those stocks at least for right now have fallen into that correction territory at 10% drop from recent highs some of the ones that we're watching here, take a look at these names. wells fargo, no surprise there bad news coming the fed is going to regulate them more restrict their size they're 10% off the highs. they're in correction territory for right now. halliburton on the energy side of things, oil take off. energy stocks are a hot trade of late now halliburton is off 10% from the recent highs significa

. >>> let's get over to dominick chu and check out the european close. >> david, while we've been seeingome volatility in the u.s. trading session ourselves, those european stocks have pretty much been in the red the entire day they're now on track for the ninth negative session in the past ten and the worst weekly performance over the past two years. the german dax is now fallen into correction territory. down by more than 10% from its recent highs reached 2 1/2 weeks ago. over that same period, the yield on german ten year bonds, the government bonds, up 30% in that time pulling back a little bit today. on thursday, that yield hit 8.8% 80 basis points for the first time since 2015. for the week, both the german dax and the paris cac 40 down more than 5% meantime, london's ft-se is in the midst of a four week losing streak for the first time since june of last year despite a decline in the currency, the uk pound. as of now this week's losses on the europe stocks 600 are not as steep as those on the s&p 500 here but we'll have to see how things shake out in the rest of the u.s. trading s

. >> dominick chu has more. >> inflation in focus and superhero opening in the week ahead. more selling or return of the bulls. the stock markets whip saw trading is likely to continue into the week. investors will start 10% below their all-time highs. inflation fears helped start the selloff. fresh reads on price changes in january could fuel further moves up or down. the consumer price index is out on wednesday followed by the producer price index on thursday. coca-cola and pepsi top another busy week of earnings. others include kraft heinz, cvs, beer and met life. finally a superhero movie set to post heroic numbers at the box office. black panther may top $150 million over the president's day weekend putting it in range of the presidents' day record set by dead pool two years ago. >>> we're tracking rain and flooding. >>> randy gyllenhaal is checking the driving conditions from storm force 10. randy? >> reporter: a live look in philadelphia. we're on hunting park avenue as the rain continues to fall. it's fallen a bit harder now. the fog, the rain and the accidents we'r

the pet food space creating a lot of buzz today including who might be bought next let's get to dominick chuhere is not a lot of stuff in there with independent food companies within it. if you take a look at the overall pet food business, the reason chen mills wants to get into the blue buffalo premium pet food side is sit's a segment growing at double digits you combine the consumer products on the human side with the pet food side, general mills not a company that is really in pet foods right now. this gives them the foothold the reason why, if you take a look at the numbers behind where the growth is coming from, americans spend, i mean billions, not a few here or there. last year an estimated $70 billion was spent on pet products whether that is just the food itself or treats or vet visits or over-the-counter medications. according to the american pet products association, $69.4 billion estimated just last year and that's up from $55.5 billion just in 2013 if you're looking for where the big players are, there is only a handful of companies out there that control the vast market for pet

we have cnbc markets reporter dominick chu beginning here. dom, we spoke yesterday about the markets. it's been a wild ride in the first 31 minutes of trading. what's going on? >> we did. it was a bad situation yesterday but even this morning the dow opened up down another 500 plus points. you're seeing a positive s&p. markets overall have turned higher after that big selloff over the last few days prompted some people to say maybe this has gone too far to the down side too quickly. we spoke about what's been driving the action here. concerns about interest rates, concerns about what's going to happen politically going forward, the looming possible government shutdown, a debt ceiling debate. all of those things factoring into the market discussion but as markets have fallen the way that they have, it did open up perhaps some opportunities for folks to pick up bargains. that's the reason why you're seeing a bounce. the question, hallie, backs whether it holds for the rest of the day. >> that's the critical thing we'll be watching,dom, we'll ch

zblankz very much, bob let's get to dominick chu. he's been looking at which stocks have been holding up in this recent sell-off dom. >> as we take a look at the s&p 500 it's same to say there isn't a lot of safety at all in the markets these days, a lot of stocks wholesale selling off utilities have been a standout today on that defensive nature of the trade but we decided to take a look at if there is a relative, and i stress that word, relative safe trade in the s&p 500, where's it at, so we scanned and screened the s&p 500 stocks for which ones have actually hit 52-week highs just so far in 2018 and which ones have actually held up the best believe it or not, 306 stocks within the s&p have had 52-week or better highs just so far this year 12 of them are holding up within 5% of those 52-week high or better levels. check these names out. it's a sampling of some of the names we're talking about. raytheon on the defense contractor side of things. only about within 5% of its 52-week high, its recent high. cme group, an exchange operat