Claman on Call: Stocks Snap Two-Day Rally
The markets fell into the red during the last hour of trade, snapping a two-day winning streak. The Dow Transports was the only index managing to end in the green. Another bright spot among the red on the screen was cyber security stocks. Piper Jaffray upgraded Splunk to outperfrom from neutral, saying the recent selloff created a buying opportunity. The upgrade and upbeat comments gave a boost to the entire sector.
Oil rallied again Tuesday, posting its biggest two-day gain in more than two months. This is ahead of Wednesday's weekly inventory data that is expected to show a decline in crude output.
And forget about Silicon Valley and Silicon Alley -- it's all about Silicon Prairie: Men's Style Lab is part of a growing entrepreneurial ecosystem in the Midwest that has ditched the traditional startup hubs. The CEO joined FBN to discuss how the lower cost of living in the Midwest is making it easier to crate a startup and hire new employees. The fashion company is like a Birchbox for men, providing men with 12 style options from shoes to clothes to accessories.
Now, here is what you need to watch tomorrow: We'll be getting the FOMC minutes at 2 p.m. ET.
Be sure to check out all of today's interviews on FOXBusiness.com/OnCall and tune into Countdown to the Closing Bell every week day at 3 p.m. ET.