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00:00But what an extraordinary defending of this market that we see coming in at the end of the trading day. But 17 seconds and we actually see the volume come in the S & P 500 managing to pull into the green on the day. We are no longer in a technical bear market. We'll have to wait for that closed for another day. We did have it on an intra day basis but we're now well off of that level 3 8 for 7. We are seeing and said three thousand nine hundred and one level being hit just above what our own time Curtis was saying was a very important level in which a lot of options had been written a lot of puts more puts and calls sensually at that thirty nine hundred levels. So we're seeing an up six tenths of a percent. This could well be more of a technically drogin driven bounce up in flat zero point zero two percent on the S & P 500 Dow Jones manages to push IBEX 7 points as well as the NASDAQ still up by three tenths of a cent. Couldn't quite get it into the green cardinal by three tenths of a percent. And then the Russell 2000 also closes the day in the red by a two tenths of a percent. Tyler Yeah well a different picture when it comes to what you're seeing over the last five days. Look at this down 3 percent for the Dow. The S & P 500 down 3 percent over the last five days as well. The Nasdaq down three point eight percent just in the last week. Caroline as you mentioned earlier this is the longest weekly losing streak consecutive weekly losing streak since March of 2001 for the S & P Five. Yeah certainly. Really interesting Tim when we think about this. I think what is so interesting is the sector winners and the sector losers. And Katie I think a little bit earlier there was a lot more red on the screen here. Right. When we think about some of the best performers on the day this is interesting. It's consumer durables. It's real estate. That feels a little bit defensive. You think about food and beverage and all the concerns about the staples already low margins for these companies. And then of course the inflationary impacts that perhaps today a little bit of a reprieve. You end up closing up anywhere from seven tenths of one percent to one point six percent for some of the sectors that did the best today. Down at the bottom though there were still a significant amount of red. You think about some of the food and staples as well. You think about semiconductors a capital goods auto components. So sort of a classic risk off trade here when you think about some of the technology sectors down here at the bottom at one point. These auto stocks Cady off about five point six percent as well.

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Stocks Rally Back From Brink of Bear Market

A dramatic late-session rally brought the S&P 500 back from the brink of a bear market, but the index still sank for a seventh straight week in a stretch of weakness not seen since 2001. Here's more from "Bloomberg Markets: The Close." (Source: Bloomberg)

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