4.8 • 118 Ratings
🗓️ 7 January 2025
⏱️ 43 minutes
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0:00.0 | All right, welcome to closing bell. |
0:01.0 | I'm Scott Wapner, live from Post 9 here at the New York Stock Exchange. |
0:03.8 | This maker breakout begins with Nvidia and Apple, the former reversing, the latter slumping. |
0:09.1 | It shares were downgraded to sell today, and both are dragging on the NASDAQ in this final |
0:14.2 | stretch. |
0:15.2 | Look at Nvidia. |
0:16.2 | It's down almost 5.5% now. |
0:17.2 | We'll show you the majors here, and you'll see what I'm talking about with 60 to go in regulation. What started as a record-setting day for Invidia following Jensen Wong's speech at CES has turned into the worst day for shares since September. |
0:28.6 | And he is speaking again this hour and we're watching that, of course. Most of the other big names in that space are also lower, including Tesla, got smacked with its own sell call today. That doesn't happen very often either. |
0:39.3 | Rising yields, well, they could be part of the problem with the market today. |
0:42.3 | Some stronger economic data, sending the 30-year to its highest level in more than a year. |
0:47.3 | The 10-year today is also moving higher. |
0:50.3 | It has been lately almost 470. |
0:52.3 | Now, something to watch closely. We will, of course. |
0:55.7 | It takes us to our talk of the tape. Today's price action and arguably the two most popular |
1:00.0 | stocks on the street, Nvidia and Apple. We have reports on both. We begin with Christina Parts |
1:05.6 | and Nevelos, who is following the chipmaker and that decline. Christina. |
1:10.2 | Yeah, you mentioned it. The stock making a U-turn today, |
1:12.6 | down about 5.5% on the heels of C.O. Jensen Wong's keynote, which is last night. |
1:16.6 | So there's a lot of flash, sparkled during the presentation, new products, and tech in the gaming and robotic space. |
1:21.6 | But some analysts argue there wasn't enough substance around data center production and deliveries for Blackwell |
1:26.6 | and their upcoming Rubin platforms. |
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