Closing Bell Overtime: Stocks Sell Off Into Close, S&P 500 Gives Up Key Level 3/20/26

Closing Bell

CNBC

News, Business

4.4 • 139 Ratings

🗓️ 20 March 2026

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

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Summary

Sam Stovall of CFRA and Jim Paulsen of Paulsen Perspectives assess the market outlook and debate whether recent weakness creates opportunity or reinforces the case for caution. Warren Pies of 3Fourteen Research walks through oil charts and what they signal for the next move in energy—and broader markets. Kei Okamura of Neuberger Berman outlines the outlook for Japan and where investors may find opportunity internationally. John Kolovos of Macro Risk Advisors examines the technical picture and explains why charts continue to support a cautious stance. Howard Silverblatt, formerly of S&P Dow Jones Indices breaks down changes in index dynamics and what developments involving SpaceX and OpenAI could mean for market structure. The episode also explores a new wave of ETFs designed to mimic strategies used by well known traders with Adam Patti, CEO of VistaShares.

Transcript

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0:00.0	The bell is bringing an end to the trading day at the NYSC Guardian Metal Resources ringing the bell and at the NASDAQ,
0:07.2	Hondias Capital Management doing the honors. Welcome to closing bell overtime, live from Studio B at the NASDAQ market site.
0:13.8	I'm Mike Santoli. Melissa Lee is off today. Stock's ending lower for the third straight day. The NASDAQ posting its worst day since January 20th, all three major averages posting their fourth straight week of declines. The Russell 2000 and NASDAQ ending in correction territory down more than 10% from their 52 week highs. The Dow briefly falling into a correction as well. Now for the week, materials, utilities, and staples lagged both off more than 4%.
0:42.0	Energy and financials closing the week a bit higher.
0:45.2	Let's turn to Christina Parts of Nevelas for a look at today's biggest movers.
0:48.2	Christina.
0:48.8	Mike, stocks, like you said, really closed out a rough week in the red as investors wrestled with fading Fed cut hopes, rising
0:55.4	treasury yields, and inflation risks that just kept showing up in the data. And of course,
0:58.7	the war in Iran, now in its third week, keeping oil elevated and energy markets just on edge.
1:03.7	The results, the S&P 500 closed below its 200-day moving average for the first time since
1:07.8	last May this week, ending a streak of more than 200 sessions
1:12.2	above that level. InVedia, Microsoft, Tesla, all weighed on the downside. Those three names,
1:17.6	along with Amazon meta, Google, Apple, Meg7, losing roughly $470 billion in market cap just today.
1:25.0	That's the equivalent of an entire market cap for Micron. On the individual
1:29.5	names as well, you got super micro remaining the biggest S&P loser as investors rotate to Dell.
1:34.4	We'll have more on that story at 430 Eastern. And then you've got fertilizer stocks extending
1:39.3	their slide from recent highs after the Strait of Hormuz reopened to international shipping,
1:43.1	excluding, of course, the U.S. Israel and its allies.
1:46.2	Mosaic actually fell another almost 10% today.
1:50.3	Bank of America downgraded the stock to neutral from buys,
1:53.0	citing raw material inflation from the war as a potential drag on margin expansion.
1:59.0	And last but not least, let's talk about gold down more than
	...

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