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Closing Bell

Closing Bell: Fed Minutes & Nvidia Earnings 2/21/24

Closing Bell

CNBC

News, Business

4.4139 Ratings

🗓️ 21 February 2024

⏱️ 43 minutes

🧾️ Download transcript

Summary

From the open to the close, “Closing Bell” and “Closing Bell: Overtime” have you covered. From what’s driving market moves to how investors are reacting, Scott Wapner, Jon Fortt, Morgan Brennan and Michael Santoli guide listeners through each trading session and bring to you some of the biggest names in business.

Transcript

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0:00.0

All right, thanks so much. Welcome to Closing Bell. I'm Scott Wobner live from Post 9 here at the New York Stock Exchange.

0:05.5

This make or break hour begins with the countdown to the most important earnings report in months.

0:10.5

In video, in overtime, so much riding on that for tech, for the mega caps for the AI trade.

0:18.0

And we have our experts standing by from shareholders to the top analyst who covers that stock.

0:22.0

We'll get to all all them in just a

0:23.3

moment take a look at the score card with 60 minutes to go in regulation well we've

0:27.7

been read all day long the Russell also sliding today aside from the

0:31.4

majors take a look there Russell 2,000 down near sliding today aside from the majors.

0:33.0

Take a look there.

0:34.0

Russell 2000 down near 1% interest rates, well they're elevated.

0:37.5

That's one of the reasons why small caps continue to get hurt.

0:40.6

And boy do we have to show you shares of Palo Alto networks?

0:43.0

They clearly, the stock story of the day, at least right now ahead of NVIDIA,

0:48.0

that massive decline following disappointing guidance.

0:51.0

You just don't look at the decline like that.

0:53.2

105 points near 30% and other cyber names, well they are selling off in sympathy too.

1:00.1

Take a look almost across the board, Crowds, Z scalar, Fortnet.

1:03.3

They're all lower.

1:04.4

It does take us to our talk of a tape.

1:06.0

What to expect when NVIDIA reports in less than an hour

1:08.6

what it truly means for the record setting rally?

1:11.0

Let's ask our panel.

...

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