Closing Bell Overtime: Stocks Tumble To End April; Amazon Earnings 4/30/24

Closing Bell

CNBC

News, Business

4.4 • 139 Ratings

🗓️ 30 April 2024

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

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Summary

Major averages snapped their 5-month winning streaks with a dreary April performance, plus Amazon reported earnings. DA Davidson’s Gil Luria and Maxim’s Tom Forte break down the numbers from every angle, while KeyBanc analyst John Vinh reacts to AMD’s quarterly results. Neuberger Berman’s Kevin McCarthy on what it would take to add Starbucks to his portfolio after its disappointing earnings. Plus, numbers from Caesars, Pinterest, SuperMicro, Mondelez, Clorox and Skyworks.

Transcript

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0:00.0	Well it's an ugly finish to a downbeat month of the S&P 500 sinking today
0:03.8	following 4% for the month of April the NASDAQ losing 2% in the session that is
0:08.7	a scorecard on Wall Street but winners stay late welcome to closing bell
0:11.2	overtime I'm John Ford with Morgan Brennan.
0:13.4	Well well today's mega cap earnings help boost the sentiment on Wall Street we are
0:18.0	just moments away from results from Amazon, AMD Super Super Micro, Starbucks, Pinterest, and many more.
0:25.0	But as we await that flood of earnings, let's get straight to the market action, an ugly
0:29.2	finish to the month, vital knowledge founder Adam Chrisifoullli and CRBC's own senior markets commentator
0:35.0	Mike Santoli.
0:36.0	Guys, good to see you.
0:38.0	Adam, the post- Microsoft earnings pop has faded Microsoft back at 390.
0:44.1	Alphabet hasn't lost all of its post earnings pop, but almost.
0:48.4	I mean, is this market trying to find direction again?
0:52.2	Yeah, I mean, I think we had a you know a pretty powerful
0:54.8	rally up to lows about you know two Thursdays ago where we can have to go where we
0:58.9	hit that low right after the Israeli strike in Iran, we bounce back.
1:03.6	In large part, thanks to very healthy earnings.
1:05.1	So now we're stalling a little bit.
1:06.9	You know, you saw another, you know,
1:08.4	toxic combination of economic data this morning.
1:10.7	Yeah, I just want to mention
1:11.8	and wheat growth. Amazon results are out.
	...

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