the dow up 193 points. if you're just joining us, this would be the fourth consecutive up day for the dow. first time this year, dominic chu. >> within a stone's throw of 200 points so check out sony. the stock is moving higher on a reported japanese nikkei newspaper that the company is in talks to supply a possible camera component to apple's iphone so you can see the stock is on the rise. gradually throughout the course of the day but still a story worth noting if it comes to fruition. back to you. >> thank you. it is lunchtime on wall street. sara eisen is talking cheese and buns. >> a lot of companies making changes to their food, kraft, subway, many more. i will have the fulmenu next. [ male announcer ] legalzoom has helped start over 1 million businesses. if you have a business idea, we have a personalized legal solution that's right for you. with easy step-by-step guidance, we're here to help you turn your dream into a reality. start your business today with legalzoom. yeah... try new alka seltzer fru

the dow and s&p 500 are both about halfway to that point. it's one of the bearish cases for stocks right now. so far today, the dow industrials have fallen below that 200 day moving average or its longer term trend line, if you will. that hasn't happened since december of 2012. then there are other markets around the world like japan and russia which are already in correction phases themselves. federated investment strategist linda dissel is looking at negatives like positive weakness in manufacturing and of course, durable goods orders as well. however, these market dips have happened in the past and investors who have bought on that weakness have been rewarded, going all the way back to the depths of the crisis in 2009. having a shopping list ready may be prudent and some experts like bank of america see opportunity in pullbacks like this. >> i do see this as a great buying opportunity for some of the higher quality names in the s&p 500 that have sold off on emerging markets exposure or sold off just because they have a whiff of exposure to

the dow just 30 points off the session low, down now 235 points.llides is on the floor of the new york stock exchange. you're watching telecom giants, what have you got for us? >> reporter: i'm looking at at&t, verizon and t-mobile here. at&t down 3.5% and they, obviously, are rivals, they have fierce competition battles between them, trying to offer better deals, and at&t is the latest trying to cut its prices on family plans which is verizon's specialty, you know, t-mobile not too long ago, the last several quarters, has been offering $650 to customers who get out of their contracts with the other guys. so it does heat up, and at&t with a new price plan. back to you. adam: thank you, nicole. lori: these sharp declines today in the stock market, they have investors fleeing to the safety of treasuries. january proved to be the best month, in fact, for u.s. bonds since 2008 while the dow saw its worst performance since 2009. so as stocks sell off, again, people flocking into the ten-year. there's a look at the yield, so price goes up, yield pushes d

the dow was up triple digits. we're down. last hour of trading right now, "the closing bell." >>> and welcome to "the closing bell" on a friday as we round out the trading day, the week, the month. i'm kelly evans. >> i'm bill griffeth. we have some action right now. we thought we would end the week, the month on a high note but stocks are losing altitude. the talk on the floor is about the situation between russia and ukraine. the acting president of ukraine is imploring vladimir putin not to intervene with his country right now and that seems to have taken the wind out of the sails. the dow was up 125 points at its peak today, and now up just 27, and the nasdaq has turned negative. >> the s&p 500 in danger of reversing as well. we'll keep an eye on that closely. yesterday we put in the new closing high for the s&p 500 at 1848. today it looks that could be called into question. of course, the nasdaq, and this, bill, will be the question, was losing some steam even before this round -- >> biotech was pulling back. >> all of th

the dow is up 215 points. the s&p 500 at this hour adding in the range of 22. >> as you know, janet yellen testified before congress for the first time since becoming fed chair. how did she do? steve liesman, larry kudlow, and rick santelli give us their score cards. i'm betting they're going to be different. >> might be some differences of opinion there. >>> later, we'll get more reaction to her congressional debay when i'm joined by jim grant here exclusively. that's coming up in a bit. you're watching cnbc, first in business worldwide. a business . seeker of the sublime. you can separate runway ridiculousness... from fashion that flies off the shelves. and you...rent from national. because only national lets you choose any car in the aisle... and go. and only national is ranked highest in car rental customer satisfaction by j.d. power. (natalie) ooooh, i like your style. (vo) so do we, business pro. so do we. go national. go like a pro. [ male announcer ] this man has an accomplished research and analytical

charles: the dow went up. ly think the street is afraid right now of the fed is changing their mind because that would be a total indictment on our economy. that means our economy has not turned the corner and that is worse news overall for all americans then them staying the course. that is why janet yellen's lucky if she can buy herself the right month. dagen: when the tenure gets to 3%. people are afraid there is risk and the economy is not so great that people are willing to own treasuries then own stocks. that might have been the case over and over again. connell: charles will go back to pick individual stocks tomorrow, but good talk. charles: i had to seattle. johnny-come-lately, but i had seattle. dagen: and thought john elway was the quarterback for the broncos. who is this elway i keep hearing about, is it the quarterback of the broncos? connell: thank you, charles. charles: see you later. dagen: anyway. who do we have coming up? connell: i don't know, tell us. coming up with dagen. $200 billion worth

the dow down 1.8%. nd the s&p is down a like amount but it's the nasdaq that's really getting clobbered, down 2.5% just today. >> and bill i'm thinking about the game last night. the super bowl game. if you want to talk about consensus, every time people think they know the outcome, it will be the narrowest game we've had and look what happened. you come into february and people think -- or 2014 and people think it will be more of the same and not so much. speaking of things that have taken people by surprise. japan's stock market falling into correction territory. will the dow soon follow? and if so is that a buying opportunity? that's coming up next. >>> also could plunging stock prices and sinking bond yields force new fed chair janet yellen to abandon tapering? something we talked about and we will talk about it some more. it's important to keep an eye on this and we will do that when we come back on "the closing bell." we asked people a question, how much money do you think you'll need when you reti

but it wasn't just the dow. the s&p, the nasdaq, the tech-heavy nasdaq, suffered its first 100 plus point drop since november 2011. investors were fleeing stocks because of the perceived government debt. the yield on the ten are year treasury fell below 2.6% and investors are seeking shelter in utilities are but even they were not spared. utilities tried to muster a gain but fell. the worst dow performers, at&t, verizon, bleeding down to the dow. microsoft, and disney, and, neil, at the top of the hit i said this is the second three-hundred pound plus selloff for the dow this year alone. we looked back at all of 2013 and all of 2012 and the was only one 300-plus point selloff for the dow. and both of those years combined. so, this is a pretty dramatic move to the downside. >> there's still a number of analysts who say with today's falloff and the 7% drop this is still a rich money. it's in the eye of the bee holder. what are you hearing? >> there are those that say there will be a correction and is somewhere nece

at the moment the dow up by over 1%. close above that, the first time this year. >>> don't go away. at cognizant, we help forward-looking companies run better and run different - to give your customers every reason to keep looking for you. so if you're ready to see opportunities and see them through, we say: let's get to work. because the future belongs to those who challenge the present. if you have a business idea, we have a personalized legal solution that's right for you. with easy step-by-step guidance, we're here to help you turn your dream into a reality. start your business today with legalzoom. >>> all right. bring in securities greg szymanski by phone. pleasure to have you on. your take on this ruling? >> an extraordinary victory for the u.s. government. they showed that insider trading is illegal, and has to be addressed. i think it sends a tremendous signal that they're going to go after steve cohen next. they've gotten everybody. this is the guy that they've been after since the beginning. you can't get away

. >> there's the dow top of the screen, up 115 points. best month for the dow since july. have a great weekend. that does it for us. "power lunch" starts now. "halftime" is over. the second half of the trading day gets under way right now. "power lunch" is all over it. >> rain and snow this weekend but today, the bulls are back. a big day for the markets and we are all over it. the nasdaq hitting a new 14 year high, a new high for the s&p 500 as well. as you see it moving 12 2/3 higher. >> the people who work at the s.e.c., should they be allowed to own stocks in the first place? >>> a new danger for facebook popping up on the front page of the "wall street journal" today. is this company failing to police its site and protect its customers, especially its young customers, from predators? >>> plus, a high tech way to steal your car. police in chicago have their hands full with someone who has found a way to do it with some sort of mysterious black box that enables them to get the codes in those keyless entry systems. and weather of course is going to be a big problem from t

the dow industrials, everybody is rallying today. the industrial average up 163 points right now. >> well, she used to be front and center for the white house on past job reports. coming up, we'll get christina romer's take on today's unemployment figures and what it means for the economy. don't go anywhere. re consolidates the ratings of up to 10 independent research providers into a single score that's weighted based on how accurate they've been in the past. i'm howard spielberg of fidelity investments. the equity summary score is one more innovative reason serious investors are choosing fidelity. call or click to open your fidelity account today. afghanistan, in 2009. orbiting the moon in 1971. [ male announcer ] once it's earned, usaa auto insurance is often handed down from generation to generation. because it offers a superior level of protection. and because usaa's commitment to serve current and former military members and their families is without equal. begin your legacy. get an auto insurance quote. usaa. we know what it me

♪ [bell ringing] the dow had the biggest drop in more than 7 months and what analysts say about the dipnd markets around the world are reacting this morning. >> we are asking you to do the right thing. >> reporter: mothers are among those urging west virginia people to take action regarding the drinking water for 300,000 people and makes its way to capitol hill today. >> you should be so ashamed and disgusted with yourself. >> i am. >> reporter: how a woman who says she was abused by a teacher as a child is pushing for justice as an adult. >> and when you feel sophisticated in your home because you cannot get ahead. >> reporter: the real life story of one middle class american family and represents the struggles that others face around the country. ♪ good morning and welcome to al jazeera america, i'm stephanie sy, stocks took a dive monday after u.s. factories reported the slowest growth in 33 years and sent them sliding to the worst february start in three decades and the dow average fell 326 points to 15,372, that is the biggest dip since last june, s&p dropped more than 40 or 2.3%.

good day for the dow. all the cold weather, the rain out west, driving people inside to get on their computers, watch this show and trade. >> i have no idea what you mean by that look. >>> the harder you soar, the harder you fall. nat gas tumbling 25% this week alone. let's get to jackie deangelis at the nymex with more. >> exactly right, a big fall for nat gas this week after last week we hit a five year high rising above $6. what is behind this decline? a couple of factors you have to consider. first, these prices skyrocketed because of the cold temperatures and the forecast for more storms to come, but then traders started to back off the trade a little bit because they weren't sure if the cold was going to materialize and how long it would last. already, tomorrow is march 1st. people are hoping that spring is around the corner. meantime, we also have to switch from the march to april contract this week. that took some of the volatility off the table. yesterday's storage report showed a draw-down in supp

the dow took a bigger hit during the pull-back recently. it's still 3.6% away. still, you wonder, is this -- was that it? was what we saw at the beginning of the year the only correction we will see for the year, or at least the foreseeable future? we'll follow that coming up on "closing bell." >> see you then at 3:00 p.m. that's it for "power lunch." "street signs" begins now. >>> what a difference a month and a fed chair makes. stocks are on fire. janet yellen lets doves fly. the dow up triple digits. we are now up more than 3% in one week. gold is higher and mandy, the nasdaq did something kind of amazing today. >> yeah, kind of amazing. with today's gain the nasdaq is now positive for the year. the s&p for its part is now only about 1.8% below its all time high and back above 1800 as well. we are also eyeballing a four-day winning streak for the dow and the s&p, the first of that length for each of these indices for 2014. the dow even crossed 16,000 temporarily today, driven by goldman and ibm. talking of gold, today hitting a three-month high encouraged by

while the dow was falling, the snow was, too. the latest winter storm in the northeast began just five hours after the super bowl ended. four to eight inches fell from new york city to kentucky. embarrass, minnesota, was proud to claim today's lowest temperature-- minus 38. eric fisher is the chief meteorologist for our cbs station wbz in boston. eric, what's it like now? >> reporter: scott, we're tracking a storm working its way out to sea. it crept out of kentucky and across the new york area. the super bowl would have been much different. it's leaving cape cod, three to five inches in total but five to eight around the new york city area. that included eight inches in central park. that was a daily record for today. >> pelley: and what's coming next? >> storm number two this weeks looks more significant. we've got over two dozen states that have winter storm warnings, watches or advisories stretching from the southwest to the northeast. by tomorrow morning we've got a snowstorm under way across the plains and that will move to

the dow plummeting more than 300 points in just one day. tching the new numbers this morning. we'll tell you whether the sharp sell-off will continue. >> yeah, brace yourself, folks. welcome back to "early start," everyone. i'm john berman. >> i'm christine romans. 31 minutes past the hour right now. >>> this morning, more misery bearing down on the midwest and it's heading east, a day after snow snarled traffic from washington to boston. now there's snow, ice, rain, a winter mix of awful weather, and it's starting to fall. it will affect more than 100 million people from the rockies to maine. >> all right, the snow just starting to fall in kansas city. this is just one of the many places in the midwest all but shut down today. schools closed, employers being told, let your workers stay home. that city could see 8 inches or more of snow. >> new york is getting ready for the second blast of winter, a day after snow fell on central park. the storm turning deadly in brooklyn, where a 73-year-old man was killed after being hit by a backhoe. the

throw out the dow for the moment. looked at the s&p 500 whatever around a flat line because stocks yesterday got quite a boost from fed chair janet yellen's study as she testifies on capitol hill. >> i am not faulting bernanke. i think he saved the country. this injection of capital is like giving somebody sort of like heroine. you don't know what it will do for them. liz: is that a wake-up call? what the traders think of the fed or the market? when you hear carl icahn expresses concern many of us have it is great, it has really done good things for the market, we all know any heart of hearts is a little bit disingenuous. -@we know it is not great in the end. is that why stocks are pulling back? >> if you look at the s&p, the dow, we have moved 4%, csfb is 85 points come over 600 points on the dow. a few days installing out. we are not getting participation from the russell 2000 or the dow. it is not that strong of a rally, not as if we are moving. liz: still up 23% year-over-year for the russell 2000. if i had a dime

heading toward the close. dow up 107 points right no uhw.s tomorrow is an expiration day, which usually brings a lot of volume and volatility. >> continuing our series, an epic cnbc first 25 face-off. who's had the bigger influence in the last 25 years, elan musk or jeff bezos. this debate is coming up. stay tuned. announcer: where can an investor be a name and not a number? scottrade. ron: i'm never alone with scottrade. i can always call or stop by my local office. they're nearby and ready to help. so when i have questions, i can talk to someone who knows exactly how i trade. because i don't trade like everybody. i trade like me. that's why i'm with scottrade. announcer: ranked highest in investor satisfaction with self-directed services by j.d. power and associates. ♪ ♪ where you think you're gonna go ♪ ♪ when your time's all gone? [ male announcer ] live a full life. the new lexus ct hybrid with an epa estimated 42 mpg. the further you go, the more interesting it gets. lease the 2014 ct 200h for $299 a month f

all the markets are down. dow triple-digit loss. 300 points this year. mostly in january. you can't deny this is one of the worst losses we've seen quite some time when you add up all of the indices. look what happened by the way to the russell 2000, small and mid-sized caps, don't often hear about that in the mix. that is down over 3% in just one day. this is a heavy market day. you want to stay with us. we have it all covered, including richard fisher, the head of the dallas fed. how will the fed react to what we see on the screen. "after the bell" starts right now. liz: in a quick bit of breaking

the dow up 175 points. just talking here during the break how much more we would need to be up for the week after that 300-point drubbing on monday. we had a pretty good today tuesday, flat day yesterday. we need to be at 15,698 or thereabouts. so another 80 points or so. if you get a decent jobs number tomorrow, who knows what might happen. >> we better get a decent jobs number at this point. >> right now the expectation is 189,000. you might get less because of the weather, just like we had in december. the weather was a big factor then as well. >> right. and stocks are rallying today. but bonds in the meanwhile have also been hot to kick off the year. the question is which of the two is the better bet for investors? >> so we have, once again, marvelous seema moda, saying stocks are set to surge. but dominic chu says investors should be riding the bond bonanza. all yours, guys. >> thanks. seema, you're going to kick it off. >> a lackluster year for stocks so far. market strategists i speak to say stocks fo

we see of arrows, the dow and the s&p posting gains, the dow is up 1/2%, 16,100, a gain of 72 points pulling back, the nasdaq is the best performer of the week in 2014. that is taking a breather. kris cox, the dow jones industrials in particular, watching the nasdaq to see whether it can have -- it is close. economic data has been mixed to a certain extent, jobless claims and retail sales yesterday were dismal, manufacturing output unexpectedly fell, consumer sentiment that came in slightly better. many in the south and northeast digging out or find out including the airport. u.s. airlines posting the highest number of cancellations in 25 years. some economists saying these storms will take a toll on the economy as well. peter barnes in reagan national airport with more. peter: cold and snow has lacked the economy, not just the airline industry. this morning the federal reserve reported that industrial production fell 0.3% in january. yesterday as you recall the government said retail sales fell 0.4% last month and just a week ago friday the labor department reported the economy creat

the dow is down close to 7%. correction or are stocks that to bounce back? we get to the bottom line with elizabeth macdonald. >> 855 did we have gone without. that is a really long time. five weeks into this we have seen two days of 300 plus downward movement. in 2012, just one day. in 2013, just one day. here is what these guys on wall street watching. yes, possibly due for a breather. yes we have an earnings beat already coming in for those companies reporting their earnings. that is nicely in line with what the market history has been over the last two or three years. they are seeing investors sentiment turned from bullish starting at the beginning of the year now more of those people going neutral. the stock pop is only under half a percent. the day they report positive earnings beat. that is not good for the markets when it is on skittish ground right now. cheryl: a lot of these companies already give us lowered forecast going into it. the bar is already set so low. >> we have always made that joke that com

the dow up 123 as we head toward the close.e standing near a post on the floor of the stock exchange. >> we're at the post of verizon. take a look. we have a lot of people. verizon completed its vodafone transaction on friday. they paid a large amount of money, verizon did, to vodafone to buy out its interest in verizon wireless. verizon now controls verizon wireless. it has to be reweighted in the s&p 500 and that's what the traders are doing here. they're looking to get the final closing price on verizon to buy into that company because it's being reweighted. meantime, bill, it's getting a little hairy with this closing high. 1,848.38 is what you need -- >> did i jinx it? it is coming back off now. >> we're 1,849.6. we're one point away. it can go either way right now. we were much higher a little while ago -- >> how much of that was short cover? a lot of guys have been telling me they think it's short covering today. >> earlier in the morning as we hit the new highs, the market just rocketed up. the intraday highs before 10:

i'm kelly evans and the dow snapping a four-day win streak. day on wall street. 31 points lower on the dow, which is now 15,963. the s&p 500 shedding barely a point. sitting at 1819 and the nasdaq managing a small gain adding ten points. better question perhaps is whether the correction itself that we were just spending so much time talking about is over. let's get right to it with today's panel. up from washington, d.c., our very own eamon javers, cnbc contributor stephanie link, nathan bachrach and steve grasso will join us momentarily as soon as he's done trading on the floor. we've also got brian kelly joining us for more on the day's trading action. it's great to see all of you. stephanie, first to you here, was this too far too fast for this snap back? that four-day win streak which was pretty strong. what do you make of the day's trading action? >> i was encouraged by the earnings we have gotten over the last day, day and a half. maybe not some household names like spx corp or packaging corp of america. those kind of companies i look to

connell: the dow is up 81. lly talking to me in bomb morning outside -- connell: without the coffee. and from the stock exchange we are rebounding little bit today. nicole: it is taking the movers here and focusing on that. a different day than yesterday. the vix is soaring. all sectors had down arrows and today you have a bearish on the dow and nasdaq and the s&p and some movers we have been watching retailers like michael course and j.c. penney which came out with some numbers which michael corps is doing great up 18% today so obviously a big move going towards 77 present. j.c. penney's same-store sales on a rise by 2% but wall street basically saying not good enough, j.c. penney had analysts cutting their targets, one even had $3 so you are seeing it under some pressure. then we are watching interactive which came out with revenue and profit in the fourth quarter of grand theft auto, take a look at how grand theft auto and its parent are doing after those, that mover and last but not least watching those move

the dow down 6. e nasdaq and s&p with fractional gains right now. >> still can't believe they haven't resolved this issue in congress that diana was just talking about. remember when we were discussing this and we said they wouldn't leave this out there. >> it's government by committee of politicians. that's why. >> all right. we'll see what happens on that front. meantime, aol chief tim armstrong may have taken his foot out of his mouth and fixed his 401(k) faux pas after blaming a change in his plan on sick babies. he's only laying out what many employers are considering, the fate and future of your 401(k). that's coming up. stay tuned. i don't even know how to answer that. i mean, no one knows how long their money is going to last. i try not to worry, but you worry. what happens when your paychecks stop? because everyone has retirement questions. ameriprise created the exclusive confident retirement approach. to get the real answers you need. start building your confident retirement today. ♪ ♪ wher

i hope the dow goes to 20,000. all m i'm saying is this is not the same recover rrve we had in similar sell-offs in 2012 and 2013. >> hopes will get you a ham sandwich, josh. i don't care about that. >> that's my point. agree. so instead of hoping that we recapture the year's all time highs with significantly less participation, what i would prefer to see is us mark a little bit of time, get into the next earnings season, possibly lower than where we are right now and, frankly, outbuy the stocks i've been waiting for. the good news is even though the general averages along this upswing not every stock is following through. not every stock is participating. so that's great. there are going to be opportunities. i'm not telling you that there's an eminent crash. all i'm saying is don't get too excited just because we ripped up over the last four days. you tend to see that during corrections. not during healthy market. >> josh, we've seen -- i said before, we have seen this before. every time you have a chance to go bac

but there's no fundamental reason why the dow is up 200 points today. 500, green for the year now. as we moved into historic territory right after the close, around the 1848 level, pop up there and you can see we are just off the highs. three to one advancing to declining stocks throughout the day. a number of sectors up more than 1%. kind of unusual. half the sectors, five of ten sectors in the s&p 500 up more than 1% including energy, industrials, financial, health care and consumer discretionary stocks. you see all up 1%. the standout is natural gas stocks. now they are going after even the smaller names, billion dollars in market cap, newfield range resources, penn virginia. finally just want to mention even the precious metals are up 1%. the gold stocks also doing well. >> let's bring in kenny pulcari. i feel embarrassed i said we rallied on no reason. that is probably not accurate. how can that be true? >> essentially there really is no reason. new highs beget new highs. although you had the ukrainian situation which didn't spin out of control, asi

the dow holding up right at session highs right now at 125. h full market coverage as investors shrug off the weaker-than-expected jobs report. a prescription for job creation and improving health care. the details are coming up next. ] [ telephone rings ] [ shirley ] edwa jones. this is shirley eaking. how may i help you? oh hey, neill, how areou? how was the trip? [ male announcer ] with nearly 7 million investors... [ shirle] he's right here. hold on one sec. [ malennouncer ] ...you'd expect us to have a ghly skilled call center. kevin, neill holley's on line one. ok, great. [ male announcer ] and we do. it's how edward jones makes sense of investing. ♪ open to innovation. open to ambition. open to boldids. that's why n york has a new plan -- dozens of tax free zones all across the state. move here, expand here, or start a new business here and pay no taxes for ten years... we're new york. if there's something that creates more jobs, and ows more businesses... we're open to it. start a tax-free business at startup-ny.com. ashley: good aftern

the dow dropping monday to 15,373, the nasdaq losing 107 to 3997. the senate is holding a hearing on the massive data breach at target. the retailer says hackers stole credit and debit information from up to 110 million customers. target's chief financial officer says the company is speeding up plans to implement the use of chip enabled smart cards and hopes to have that technology in place by early next year. and apple's long-awaited tv device may be closer to reality. the company has been buying a lot of band width, fueling speculation it's got an upvideo streaming service. steve jobs said he cracked the code on tv technology that works with other apple devices. last week ceo tim cook says apple is on track to break into new products leaving us hanging what those new products are. back to you. >> as they often do. thank you much. >> never leaving us hanging when it comes to the forecast is meteorologist christina loren. what's it look like today? >> pretty good. good morning to you. temperatures are chilly but what a rebound we have in store, hitt

meantime watching the markets all morning long. dow's of about 150 points. some of the emerging markets and foreign markets are more interesting today. russia has officially entered correction mode. by that we mean a 10% drop from the highs. sarah mentioned earlier on what's happened with the nikkei. the closest to anything like that in the states would be the russell. >> interesting. >> you want to go defensive. that might be the analysis. utilities are doing well, small caps not so well in that environment. >> wanted to point out last time we entered a technical correction here in the u.s. back in 2011 during the european debt crisis. we've only fallen 5%-ish. the u.s. is seen as healthier in terms of economy. the question is are some of the problems in the emerging markets going to spill over. >> or has market direction changed, when you have so many days that are down, do you say this is a market going down now, not going up? >> see you guys later on. we'll talk some europe in half an hour. if you're just joinings, here's what you mi

the dow higher for only the third time in 111 sessions. 94 to the upside on the dow. the s&p up 15 points and the nasdaq up 44. the ten-year note, look at the yield there, it's crept up just a little bit more, 2.68% on that, because we were looking at a sub-2.6% interest rate yesterday. check out the other global indices today. japan taking a big hit, down 4%, and overnight, now down about 13% for the year as a whole. the nikkei certainly has everybody's attention and they are watching not only the nikkei but the yen as well. up to you. >> thank you, sue. we are talking curling off camera. we will talk more about that later today. big, big show. u.s. stocks are rallying today but yesterday was certainly -- up 98 points right now. sheila dharmarajan is looking at some of the global markets. let's begin with it says dominici chu. >> my new name. you didn't get the memo. >> some of the blue chip names already in correction territory. >> there are quite a few. look at the s&p 500. out of those 500 large cap blue chip stocks, over 100 are already off by 10% or more, and ano

is the worst performing stock in the dow this year, off by 12%. still, there are those who believe that stocks have further to fall and now may not be the time to get into the market. >> i think that really depends on the investor's time frame. but if you're really looking for the perfect timing to buy in, chances are these type of selloffs last longer than just a handful of days or weeks, so there might be a better buying opportunity coming down the pike. >> >> reporter: of course the decision depends a lot upon how you're willing to wait and what your resting tolerance is. prudent advice is to proceed with caution. >>> "nightly business report" spoke today with some individual investors. we asked them what worries you about the markets right now. and are you finding safe places to put your money? let's take a listen. >> we go through this all the time. it's just a matter of the market readjusting itself. >> we'll take profits and put the money back to it. >> i have concerns only if it keeps on going down. >> it's just dropped 300 plus points. wou

>> a few notables here, sandra, on the dow jones industrials. the dow jones is at 16,157. ing. number one we are really around the session highs of our trading day. the other thing worth noting last friday we closed at 16,154. so we are now three points in positive territory for the week. and that would make it the third straight week of gains for the dow. so it shows the trend remains to the upside. so you do see it battling back. it has been one of these days. risk on. they have been buying up just about everything. back to you. sandra: thank you. ashley: we, a new way to cut down the time it takes to mend broken bones to perhaps just days. it is called fracture putty, a new approach being developed with the use of stem cells which may hold the key to decreasing the recovery time significantly. we have the lead scientist of this remarkable project. he joins us now to discuss exactly how it works. steve, thank you for being here. now you have not yet tested this on humans if i believe that to be correct. you tried it on rats and pigs and sheep. what results have you had so

so the dow jones is down about 5.5%. s&p 500, really the measure to look at, only down about 3.5. as scary as it's been, it's not that bad, at least just yet. >> room to dip further you're saying? >> lots of room. at this point, lots of room. >> how do we look at this and perhaps detect we might be on the verge of a climb before we take another dip or the other way around? >> part of why you hear a lot of wall street expecting a correction, one, we had a great year last year. 30-plus percent on the s&p 500. that's rare. >> people were so happy, it was a giant recovery of losses? >> there has been. markets of up almost 150% since the very bottom in march of 2009. whats is, investors can get lulled to sleep a little bit. we've had great years back-to-back-to-back but typically have corrections of 5% at least every ten weeks. we're 30 weeks without one. we have 10% corrections every 32 weeks. we are -- 2 1/2 years since that. we've got -- we really have had a nice run in the market without a huge amount of bumps, and to have

the dow down 269 points. we are now down nearly 7% just this year. you've got concern over weaker economic data, a china slowdown, japan, you name it, it's out there. the only good news, mortgage rates likely to drop again as people flood back into bonds. >> a pretty rocky start to february trading after an equally rocky january which gave the dow its worst start to a new year since 2009. the dow has been swinging hard, triple digit moves in fact in the last four sessions. it's only about 3% away from entering correction territory. it has broken below the 200 day moving average. as for the russell 2k, the install casmall caps, it is in striking distance of entering correction territory and the nasdaq being slammed, below 4,000, the worst percentage loser out of the three indices today. the vix meantime, the fear gauge jumping to trade above 20 for the very first time since early october. it is up over 50% in the past month alone. let's get beneath the headlines and talk more about what exactly is driving each market. bob pisani is at the nyse. what ar

the dow plunges 326 points. that's -- plung plingz over plue points. manufacturing are growth had been on the upswing, in november, but it is the seventh time this year, the index saw a triple digit drop. tens of millions of americans have recently had their credit and debit card information compromised because of data breaches at target and oarl retailers. maybe it happened to you. today lawmakers are looking at how to keep your personal information safe. well, safer. representatives from several government agencies and oartle toootheragents took part in a ae hearing. john terrett is here. >> they're talking about whether companies should be compelled to reveal if they've had a data breach or not. if that was during the holiday season they should be hung out to dry. that is basically what happened during the senate banking committee, particularly when it comes to the use of debit and credit cards. they heard from william noonan, the deputy special agent, looking at cybercrime around the world, and his main message is these latest broamps at -- breaches

the dow dives, recovers, but ends lower. logging its first january drop in four years. should investors get used to more big swings? and for how long? >>> unwelcome warning. walmart, the world's largest retailer, says it won't earn as much as expected. why? and does the new ceo have a plan to turn things around? >>> market monitor. our guest tonight is investing in a main street recovery and will name a stock he says will benefit from that. we have all that and more tonight on "nightly business report" for this friday january 31st. >>> good evening, everyone, and welcome. you heard of the polar vortex? how about the stock market vortex in it sure fell this month like the only thing falling as fast as the temperatures was stock prices. add it all up or down as the case may be and you get the first january decline for stocks since 2010 and the worst start to a new year since president obama's first month in office. for the month the dow lost 5.3%. nasdaq down 1.7%. the s&p 500 split the difference, losing 3.6%. pick your poison. earnings and outlooks have been iffy. the fe

the dow plunged 326 points, that's a 2% decline. the blue chip average is down 7% for 2014. the nasdaq tumbled nearly 107 points, closing below the key 4,000 mark for the first time since december of last year. and the s&p lost 40 points with all ten of its sectors in the red. in the bond market, prices rose and yields fell. the yield on the ten-year note dropping below 2.6%. bob has more on what stocks and sectors were hit the hardest today, and the mood of traders at the new york stock exchange. >> reporter: stocks sold off today with the dow closing at a 3.5 month low. the market started to the downside but it took another leg down in the late morning when january manufacturing data and the auto sales both came in weaker than expected, though everybody sited the weather, concerns about a slightly weaker u.s. economy, on top of worries about emerging markets left traders in an unforgiving mood. it was an ordinarily but broad sell off with sectors down two to three percent. even defense sieve groups like health care and consumer staples were down. the volume was heavy today

the dow is not telling the story today. the kind of day we're having. the s&p is higher, nasdaq is up 28 points right now while the dow is just down a fraction today. coca-cola's earnings did not help that one. but the nasdaq up 28 points at 4272. two controversial stocks that kelly will be dealing with next hour, herbalife reports earnings after the bell. that should be coming out any moment now. that stock is up 4% today. medbox, this is the company that sells marijuana through vending machines. that's getting clobbered today, down 11%, and the ceo of that company will be on with kelly next hour. very controversial topic, so stay tuned for that. terry dolan, what do you do with this market right now? it's kind of marking time right here. >> i think it is. and i think that as we mentioned last week, i think you're going to need to do a little work with the industrials and the s&p 500. the moving averages are kind of broken down a little bit in my view and i think we've had a nice, healthy rally. it would be great to see th

the dow up .60%. we are lower by two points for the s&p 500 and the dow jones is down 32. agenda to date -- >> the economic data this week is going to be focused on fed chairman janet yellen's testimony before congress on tuesday and she'll be speaking before the senate on thursday. mcdonald's reports january sales numbers at 8:00 a.m. eastern. that was a tongue twister, i apologize. and earnings today from hasbro, loews, nuance and annie's. >>> and quarterly e-mails show the top chinese regulator asked jamie diamond directly for a favor to hire a young job applicant. u.s. authorities are investigating whether jpmorgan and other banks hired highly-connected people in chinese business. "the new york times" reports diamond met with the applicant family friend of the regulator in june 2012. she now works for the company. jpmorgan says diamond had nothing to do with the decision to hire her and diamond is not suspected of wrongdoing. jpmorgan shares are slightly low lower this morning. >>> and toyota is closing a criminal probe into cases of sudden acceleration from several ye

with the dow and the s&p up 2.3%.&p is just 10 points away from the record high and the nasdaq up at the highest level since 2000. let's take a look at the ftse cnbc global 300 and see how it's faring. we are close to session lows, as a matter of fact. selling pressure is accelerating. the ftse mib responding to the political change in italy is now losing ground, down by 0.6%. the xetra dax off by 0.3% and the ftse 100 doing a little better than best, only down 0.15%. uk inflation numbers coming in slightly below expectations. now, the yearly inflation is at 1.9 the%, and that is below the zee target. sterling/dollar was down even before we got tin flagz numbers down. maybe some profit taking here on those positions from when we saw those four-year highs. euro/yen, up 0.5%. and euro/dollar is back above that 1.37 level potentially after those zew numbers. meantime, iran kicking off its latest round of talks with world powers over its nuclear program. but both the u.s. and iran have warned observers not to expect a dea

the dow finished up nearly 200 points after her first congressional testimony. e markets have come back a bit, the dow was down more than 90 points at its low this morning. >> that's right. we have had a substantial comeback today. the question is whether markets will be trading even higher if the massive snowstorm hadn't postponed yellen's testimony today. how much impact, in other words, is she having on these markets? with us now, greg ip from the economist and our own rick santelli. great to see you both. greg, first to you. there are people here who are saying on trading desks that it feels like every time whether it's yellen, if they're speaking the right language, the dovish language the market likes to here that bolsters stocks, they start speaking and support goes. >> i don't follow that logic. janet yellen basically said it would take a notable beklein in our forecast to change our tapering plans, and we think everything's fine. i'm not worried about the last two bad payroll numbers. therefore, we infer from that nothing is going to change in terms of t

not great new fist you are looking at the dow. nts as we are two hours away from the closing bell. why, you ask are we seeing these numbers? a worse than expected report on factories in the u.s. the bad streak continues into this new month. in february after a rough january, we will keep an eye on that for you. hot first, phillip seymore