Closing Bell: More Volatility for Stocks? 8/6/24

Closing Bell

CNBC

News, Business

4.4 • 139 Ratings

🗓️ 6 August 2024

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

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Summary

Should investors brace for more volatility … or is the worst over? Trivariate’s Adam Parker, NB Private Wealth’s Shannon Saccocia and Invesco’s Brian Levitt break down their forecasts. Plus, venture capitalist Rashaun Williams weighs in on tech valuations following yesterday’s big sell off. And, we tell you what is at stake when Airbnb, Instacart and Reddit report in Overtime.

Transcript

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0:00.0	Kelly, thanks so much. Welcome to Closing Bell. I'm Scott Wavner live here
0:03.5	post-9 at the New York Stock Exchange. This make-a-break hour
0:06.1	begins with a big bounce back for stocks today, the extraordinary events of
0:09.5	the last couple of days and whether the worst is really behind us. We'll ask our experts that
0:13.9	question over this final stretch. In the meantime let's show you the
0:16.7	scorecard with 60 minutes to go in regulation today. There's lots of green on
0:20.5	the board. You got the Nas NASDAQ bouncing back by 2%
0:23.2	S&P by about that same amount 1.5% of the upside for the doubt so getting a good
0:28.2	chunk of yesterday's losses back yields are rebounding as well following that
0:32.4	volatile session on Monday and maybe that's
0:34.8	helping calm things down just a little bit.
0:37.6	Two's five and tens.
0:38.8	You see the yields all moving higher.
0:40.6	Standouts today in terms of equities, well, Palantir is surging after its earnings.
0:45.1	Take a look at Caterpillar as well.
0:47.0	Also higher after its own results today.
0:49.6	We're watching those two stocks closely.
0:51.2	Palantir about 12% there's Caterpillar an important
0:53.6	stock having a nice move as well takes us to our talk of the tape is more
0:57.3	volatility ahead for stocks is the worst in fact over let's welcome in Adam
1:02.1	Parker he's the founder and CEO of Trivariate
1:04.1	research. Also a C. M.C. contributor, it's good to have you here.
	...

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