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Stocks pare gains, gun stocks fall on Dick's assault rifle announcement

Stocks (^DJI^GSPC, ^IXIC) are bouncing back after Jay Powell’s statements spooked markets. The real estate sector is most in the green and the energy sector is most in the red. Alan Valdes of Silverbear Capital joins us live from the floor of the New York Stock Exchange to talk markets. To discuss the other big stories of the day, Yahoo Finance’s Seana Smith is joined by editor-in-chief  Andy Serwer, Dan Roberts and Brittany Jones-Cooper. Seana also talks with Vincent Reinhart, chief economist for BNY Mellon, about Jay Powell and the future at the Fed.