As Goes Apple, So Goes the Market? And a Chart of the Week That..Went Nowhere? 8/4/23
CNBC's "Fast Money"
CNBC
3.9 • 1.3K Ratings
🗓️ 4 August 2023
⏱️ 23 minutes
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| 0:00.0 | Right now and fast, a late-day semifinal on Wall Street sending stocks to our lows of |
| 0:06.2 | the week. |
| 0:07.2 | The Dow and S&P snapping three-week winning streaks. |
| 0:09.2 | What caused the reversal? |
| 0:10.6 | And what's it mean as we had even deferred to earnings season, plus an energized trade. |
| 0:15.2 | The oil services ETF hitting its highest level in more than four years, sector's biggest |
| 0:19.6 | names far up pacing, the border markets this week. |
| 0:22.6 | But is there more fuel left in this rally, the chart masters on the case? |
| 0:26.2 | And later our chart of the week, a group that had a lot of downs, a lot of ups and ended |
| 0:30.1 | up almost where it started. |
| 0:32.0 | Why these moves though, Carter Trader's eyes. |
| 0:34.1 | I'm Melissa Leibniz, fast, 20 relive at the Nasdaq Market site on the desk tonight. |
| 0:37.9 | Bono and I, son Courtney Garcia, Guy Adami and Steve Grasso. |
| 0:41.6 | And we start off with stocks sliding into the weekend, dropping sharply midday to close |
| 0:45.7 | near their lows of the session. |
| 0:47.2 | The sell-offs seem to be sparked by Apple, which took a big leg lower at about two o'clock. |
| 0:51.4 | The world's biggest company closing the day down nearly 5%, its biggest loss since last |
| 0:55.8 | September, for the week. |
| 0:57.7 | The Dow was down over percent, the SAP 500 and Nasdaq, both more than 2%. |
| 1:02.4 | These indices each posted their worst weekly performances since March. |
| 1:06.2 | Meantime, the VIX, it rocketed higher. |
| 1:08.5 | The fear and expouncing on the week closing above 17 for the first time since May. |
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