Closing Bell Overtime: Stocks Sell Off In Final Hours Of Trading 4/4/24
Closing Bell
CNBC
4.4 • 139 Ratings
🗓️ 4 April 2024
⏱️ 43 minutes
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| 0:00.0 | Well, Geopolitics, and peers of fewer rate cuts sparking a late day sell-off as the Dow |
| 0:03.8 | balls were a fourth straight session. |
| 0:06.1 | That is a scorecard on Wall Street, but winners stay late. |
| 0:08.1 | Welcome to closing bell overtime. |
| 0:09.5 | I'm John Fort with Morgan Brennan. |
| 0:11.2 | Well, stocks giving back early gains after Minneapolis |
| 0:13.8 | Fed President Neil Keshkari said the Central Bank may not cut rates at all this |
| 0:18.8 | year if inflation keeps moving sideways. Health care and tech leading the sell-off, |
| 0:23.8 | but every sector in the red this afternoon. |
| 0:27.4 | Let's get to today's action with our market panel, |
| 0:29.8 | Scott Run of Wells Fargo Investment Institute |
| 0:31.8 | and Vital Knowledge Founder Adam Chrisifouli Adam I'm going to start with you |
| 0:35.0 | Keshkari we have a lot of Spedspeak the last couple days Keshkari |
| 0:38.5 | floated he basically said he thinks two cuts but floated the possibility that we |
| 0:42.4 | could get no cuts this year. |
| 0:44.2 | He's not a voting member. |
| 0:45.7 | How important to the market and the self we saw this afternoon was that versus some of these |
| 0:49.8 | headlines, some of these reports that are circulating about Iran considering retaliation |
| 0:56.2 | or some sort of action against Israel and we'll call it flaring tensions in the |
| 1:01.4 | Middle East. |
| 1:02.4 | Yeah so I think you, I think it's important on days like to kind of separate |
| 1:06.4 | out fundamentals from technical conditions. |
... |
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