U.S. Stocks Fall From Record Amid Fisher Comments

REPLAY VIDEO
Your next video will start in
Pause
  • Info

  • Comments

  • VIDEO TEXT

Aug. 5 (Bloomberg) -- U.S. stocks fell from record highs as investors weighed data showing stronger-than-forecast growth in service industries and a Federal Reserve official’s comment that the central bank is closer to slowing its monthly bond buying. Olivia Sterns reports on Bloomberg Television's "Bottom Line." (Source: Bloomberg)

Olivia, good evening.

We did see a modest pullback in stocks today.

That is the theme we have seen repeatedly throughout the year, the nasdaq is up more year to date than either the s&p 500 or the dow, but still the major bulk rally for all the benchmarks.

It would be hard to blame traders who wanted to cash out now and had to the beach for the rest of august.

Information technology and consumers papersstaples were the ollie industries in the green today.

Homebuilding was down by about 2%. one of the biggest movers of the day with tyson foods.

Shares of more than 4% after our earnings topped estimates.

The company says they are seeing surging sales of chicken and fatter profits particularly among their beef products.

Shares or at the highest level since 1984. we also have some breaking news after the bell, jeff bezos buying up "the washington post". the founder of amazon.com is already worth $30 billion.

He

This text has been automatically generated. It may not be 100% accurate.

Advertisement

BTV Channel Finder

Channel_finder_loader

ZIP is required for U.S. locations

Bloomberg Television in   change