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CNBC's Bob Pisani reports on the roller coaster day in the markets, live from the floor of the NYSE.
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Bob Pisani reports on the trading day from the NYSE.
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Discussing the market's declines, with Bill Baldwin, Forbes; Michael Pento, Delta Global Avisors; Bob Reich, UC Berkeley...
Discussing the market's declines, with Bill Baldwin, Forbes; Michael Pento, Delta Global Avisors; Jim Awad, WP Stewart A...
Bob Pisani reports on the trading day from the NYSE
The Dow dipped below 9,000 for the first time since August 2003. The CNBC news team has the details.
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We noted last week the mantra of the bears: in a real bear market, even the market leadership eventually gets taken out. And that prophecy appears to be coming true. Quietly, traders have been selling the energy and materials stocks, which were the market leaders.

Now look at how far some of the main stocks in these sectors have fallen from their recent highs:

Massey Energy -27 percent
Mosaic -25 percent
U.S. Steel -22 percent
Anadarko Petroleum -19 percent
Freeport-McMoRan -19 percent

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The lower price for oil is not helping stocks, because so many have hidden in these two sectors and they are a proportionately greater part of the market than they were a year ago. So flat industrials and healthcare cannot mask the weakness; 3-2 declining to advancing stocks.

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