Closing Bell Overtime: More Pain In The Markets 4/12/24
Closing Bell
CNBC
4.4 • 139 Ratings
🗓️ 12 April 2024
⏱️ 44 minutes
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| 0:00.0 | Stock sinking again as inflation fears and a sell-off in bank stocks way on the market. |
| 0:10.0 | That is the scorecard on Wall Street, but the action is just getting started. |
| 0:14.0 | Welcome to Closing Bell overtime. |
| 0:15.8 | I'm Deirdreboza. |
| 0:16.8 | Morgan Brennan and John Forte are off the down in the S&P 500. |
| 0:20.5 | Now lower for a second street straight week week while the Nasdaq's losing streak |
| 0:24.8 | that is hitting three weeks we've got much more on the sell-off ahead. |
| 0:28.6 | Meanwhile, NVIDIA CEO Jensen Huang is about to give a speech on artificial intelligence at Oregon State University. |
| 0:35.7 | We're monitoring that and we will bring you any big headlines. |
| 0:39.5 | Let's get right to today's action with our market panel Emily Rowland of John Hancock and Bob |
| 0:44.0 | Elliot of Unlimited Emily let me come to you first the Vicks we saw it pretty steady |
| 0:49.4 | last week and up until today really it's now touching nearly 20 has the resiliency of the first |
| 0:55.6 | quarter for equities faded. Yeah I mean markets were really ignoring the fact |
| 1:01.2 | that we've been removing the number of rate cuts that are |
| 1:03.6 | priced into the markets until this last couple of weeks when they're getting the |
| 1:07.9 | memo. It looks like we're in a period of hire for longer. The market had done nothing but go up in parabolic |
| 1:14.6 | fashion really since the low last October which coincidentally was when the |
| 1:20.2 | Fed started talking about cutting interest rates. |
| 1:23.5 | So what happened was that those remarks just talking about cutting |
| 1:26.7 | rates called the loosening in financial conditions, market rallied, |
| 1:31.0 | they shrugged off this kind of, you know, stalling in terms of the dis-inflation |
| 1:36.0 | narrative, but now I think we're starting to contend with the idea that we may be in a holding |
... |
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