Closing Bell 6/17/22

Closing Bell

CNBC

News, Business

4.4 • 139 Ratings

🗓️ 17 June 2022

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

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Summary

From the open to the close, "Closing Bell" has you covered. From what’s driving market moves to how investors are reacting, Closing Bell guides listeners through each trading session and brings to you some of the biggest names in business. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Transcript

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0:00.0	Strugging for direction as a brutal week for the balls comes to an end.
0:03.7	Though the NASDAQ is seeing some pretty nice games today, the most important hour
0:06.7	the trading day starts right now.
0:08.5	Welcome to the closing bell.
0:09.6	I'm Melissa Lee in today for Sarah Eisen and let's take a check on where the market stands right now.
0:14.0	We are higher across the board.
0:16.0	Technology really leaving the way with the NASDAQ
0:18.0	looking at a 1.8% gain so far on the session,
0:21.0	the SB 500 up by 7 tenths of a percent in terms of sectors
0:24.8	that three week low in crew that's taking the energy sector on the S&P lower
0:28.5	today and we are seeing some outperformants in some of the big cap techs with a notable
0:32.4	exception of Apple.
0:34.7	Take a look at some of the biggest losers of the week on the S&P 500, which itself is looking
0:40.0	at a 5% loss for the week.
0:41.8	Some pretty remarkable downside moves.
0:43.8	Kotera down 21.5% for the week followed by E. O. G. Schlumberger
0:48.8	Haliburton, Devon Energy, no surprise all energy names with this three week
0:53.0	low and crude coming up in today's show chart expert
0:55.2	Chris Varone says the market pressure will not be over until quality
0:58.9	stocks fall even harder he will break down the level to watch
1:01.7	specifically on Apple we just mentioned it as a relative
1:05.3	underperformer compared to Big Kept Tech today. It's far below where it's today. Let's get straight
	...

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