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nndb the nasdaq goes negative for the year amid stars but your economy may be slowing I'm congregations in New York now investors were already concerned about the global economy after week data out of China then we got some numbers out of the U. S. showing business activity in the month of August are slow down to its weakest in June year now that has a lot of traders reducing their bet that the fed will go ahead and hike rates in September near the banks mean higher interest rates ok to do their business so we sing shares of JP Morgan American Express Goldman Sachs Citigroup all leaving the financials lower but the biggest drag on the market today is energy as oil snaps a three day winning streak so we've seen experiments chevron oil drillers down across the board outside the global economic weakness renewing concerns that ain't pick up and global demand for energy won't happen any time soon now the well off we're seeing in the market is broad are we're down about two percent but Netflix's down on its own accord there are reports out there that apple may be looking to get into the original content Paraguay