Closing Bell: AI Demand, Big Tech & Crypto Plunge 2/21/25
Closing Bell
CNBC
4.4 • 139 Ratings
🗓️ 21 February 2025
⏱️ 60 minutes
🧾️ Download transcript
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| 0:00.0 | Welcome to closing bell. I'm Scott Wobner, live from Post 9 here at the New York Stock Exchange. |
| 0:06.5 | This maker breakout begins with the uncertain road ahead. The market's more defensive stance lately, |
| 0:11.7 | and whether it's a worrisome sign now for stocks. We'll ask our experts over this final stretch. |
| 0:16.6 | In the meantime, your scorecard today is not a pretty one with 60 minutes to go in regulation. |
| 0:21.4 | It's another down day for the majors. The selling pretty split as well. You can see the |
| 0:25.9 | NASDAQ is off. The Russell's down almost 3%. But the NASDAQ's ugly today. The other majors are |
| 0:31.7 | down. United Healthcare, the big blow to the Dow today on that report that the Justice Department is probing |
| 0:39.1 | part of the company's business. We'll follow it. It's down 7%. Invitya is down ahead of its |
| 0:44.6 | pivotal earnings report next week. We are watching that closely too, and we will in this last |
| 0:50.2 | hour. Palantir's rough week continuing today. Shares are down yet again. Many momentum names |
| 0:55.3 | are following suit. It is also worth taking a look at where yields are at 301 in the east today. |
| 1:02.3 | There's yields. They are falling across the curve. So you have a flight to safety today in some respects as well. |
| 1:08.9 | The VIX is reflecting the mood of the market. It is a spike |
| 1:13.1 | higher today. There it is by almost 20%. It does take us to our talk of the tape. Are cracks forming |
| 1:19.6 | in the bullcase for stocks? Let's ask our panel that question. Stephanie Link, Hightower's chief |
| 1:24.4 | investment strategist and portfolio manager, Cameron Dawson, |
| 1:27.8 | chief investment officer for New Edge Wealth and Malcolm Etheridge, Capital Area Planning |
| 1:31.3 | Groups Managing Partner. |
| 1:33.1 | Steph and Malcolm are CNBC contributors. |
| 1:34.9 | It's good to have everybody here. |
| 1:36.2 | We start on the desk, Steph. |
| 1:38.4 | What do you make of this sell-off? |
... |
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