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Showing posts with the label CNBC Breaking News Desk.

From the Desk of Peter Schacknow, Senior Producer, CNBC Breaking News Desk: Wall Street still abuzz about Nasdaq glitch

Wall Street still abuzz about Nasdaq glitch Peter Schacknow, Senior Producer, CNBC Breaking News Desk Today's biggest question on Wall Street might not be about where the major averages will go, but rather if all its systems will function. A technical malfunction caused a three hour shutdown of Nasdaq's trading systems Thursday, although all was restored to normal by day's end. With all that, the major averages did have their first across-the-board gains in seven sessions, with both the Nasdaq and S&P 500 going positive for the week with yesterday's gains. The government's July report on new home sales is today's lone economic report at 10 a.m. ET, with economists looking for a 1.4 percent drop to an annual rate of 490,000 units. In June, existing home sales had risen 8.3 percent. CNBC's Steve Liesman will provide a number of market-moving interviews from the Fed Symposium in Jackson Hole, Wyoming this morning. He'll be speakin