Closing Bell: Skittish Stocks 9/4/24
Closing Bell
CNBC
4.4 • 139 Ratings
🗓️ 4 September 2024
⏱️ 42 minutes
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| 0:00.0 | Welcome to Closing Bill, I'm Scott Wabder Live from Post 9, right here at the New York Stock Exchange. |
| 0:03.4 | This make a break hour begins with some big questions about the economy, the markets, your money, and where all of it is going from here. |
| 0:10.7 | We'll ask our experts over this final stretch. |
| 0:12.4 | Take a look at the scorecard. |
| 0:13.4 | Now, with 60 minutes to go in regulations, stocks have been capped for much of the day as you see. |
| 0:18.9 | We're read across the board. Job openings, well that report today came in weaker and that only added two |
| 0:24.4 | concerns about the health of the labor market. It's showing up today almost |
| 0:28.8 | everywhere. Yields well they fell on the news. Energy is the weakest sector today. Oil turning |
| 0:34.5 | negative for 2024. Health care a laggard and as for big tech all eyes there, all eyes |
| 0:41.0 | on NVIDIA they're getting a little bit back from yesterday's move lower, but even |
| 0:45.2 | that has now rolled negative yet again, and that is down. That stock is by 1 3 quarters percent. |
| 0:52.2 | It takes us to our talk of the tape now, skittish stocks, |
| 0:54.8 | and whether we're heading for another stretch of volatility. |
| 0:57.9 | Let's ask our panelists, Liz Young Thomas of Sofai |
| 1:01.2 | is the head of investment strategy and |
| 1:03.0 | Nastasia Amaroso is chief investment strategist for I Capital both here with us |
| 1:08.0 | at post nine ladies welcome thank you Liz you first first, what is this? |
| 1:13.0 | Is this just, you know, a growth scare and nothing more than that? |
| 1:17.6 | What's happening here? |
| 1:18.6 | Well, I don't, I don't think people are scared of growth yet. |
| 1:21.8 | We've got, we had strong retail sales feeding through into |
| 1:24.6 | GDP. GDP got revised upward for the third quarter. I think expectations for |
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