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Closing Bell

Closing Bell Overtime: Tech Tumbles To Start Month; Nvidia Sheds Nearly $300B In Market Cap 9/3/24

Closing Bell

CNBC

News, Business

4.4139 Ratings

🗓️ 3 September 2024

⏱️ 43 minutes

🧾️ Download transcript

Summary

A rough start to the trading month as tech and chip stocks sent the market lower. We have you covered from every angle. Plus, Moor Insights & Strategy’s Patrick Moorhead on reports of the DoJ subpoenaing Nvidia and former United CEO Oscar Munoz on what’s next at Boeing and Southwest.

Transcript

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0:00.0

That Bell marks the end of regulation and Good Thing, Vanguard and MSCI Ring and

0:04.4

Closing Bell at the New York Stock Exchange, Morgan Stanley Investment,

0:07.2

Management doing the honors at the NASDAQ and Week manufacturing data helping to send

0:11.7

stocks sharply lower to start this shortened

0:14.1

trading week with the chips having their worst session since March 2020.

0:17.4

NVIDIA falling more than 9% the NASDAQ shedding more than 3%.

0:23.1

That is a score caught on Wall Street,

0:24.5

but winners stay late.

0:25.5

Welcome to the Closing Bell overtime.

0:27.1

I'm John Fort.

0:28.0

Morgan Brennan is off today,

0:30.0

and we will be all over this market,

0:32.0

sell off throughout the hour and what comes next.

0:34.4

Also ahead, earnings results from GetLAP, Pager Duty, and Z-Scaler, a rough day for the software

0:40.4

space will bring you those results as soon as they cross and

0:43.8

former United Airlines CEO Oscar Munoz joins us to discuss the major pullback

0:48.8

for Boeing which is weighing heavily on the Dow today but let's get straight to today's sell-off.

0:54.5

Joining us now is Adam Chris O'Foulli,

0:56.4

vital knowledge founder and Charlie Bibrinskoi,

0:59.4

vice chairman and head of Investment Group

1:01.8

at Ariel Investments.

1:03.4

Guys, happy, September, I suppose.

...

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