Closing Bell: Stocks mixed in seesaw session, Why recycling is key for EVs 8/23/22

Closing Bell

CNBC

News, Business

4.4 • 139 Ratings

🗓️ 23 August 2022

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

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Summary

Stocks finished mixed in a choppy session on Wall Street, with small caps seeing gains while the Dow and S&P 500 pulled back. Dan Ives from Wedbush and Charlie Bobrinskoy from Ariel Investments debate the trade on tech, following Monday’s big pullback for the Nasdaq. Chart watcher Jeff DeGraaf breaks down the S&P 500 levels that should be on your radar. And the CEO of Lithium processor Li-Cycle explains why battery recycling is key for the growth of the electric vehicle market. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Transcript

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0:00.0	Stocks trading in a tighter range today following the worst day for the major averages since June.
0:04.6	The most important hour of trading begins now. Welcome to Closing Bell.
0:08.1	I'm Carl Kaintonia in for Sarah Eyes and here's where things stand this afternoon.
0:11.4	Dow is down 137, S&P down about three.
0:14.0	Nasdaq with a slight gain here.
0:15.4	The Bulls latching on these robust tech earnings, but Bear is watching some
0:19.4	meek rack meek weak macro in both Europe and the U.S.
0:22.8	Both sides, of course, wary of what the Fed share
0:24.6	in Macy on Jackson Hole on Friday.
0:26.6	The 10-year yield refusing to break below three today.
0:29.1	Check out some of today's big earnings movers.
0:31.2	Palo Alto, a big boost. Macy's and Dick, so I
0:33.4	as well. Zoom pulling back a bit after cutting its full year forecast.
0:38.0	Coming up on today's show at Bull and a Bear, go head to head on the tech trade as
0:41.8	the NASDAQ comes off that big Monday
0:43.8	decline. We'll debate if now is the time to jump in. Is recycling the key to an
0:48.1	EV future? We'll talk to the CEO of a company working to combat supply
0:51.8	shortages by salvaging lithium and other metals from batteries.
0:56.5	Let's get right to the market dashboard though with our senior markets commentator Mike Santoli
1:01.0	who says the markets are in a bit of a hazy spot.
1:04.0	They are kind of caught in between.
1:06.0	You mentioned both Bulls and Bears wary of what they might hear from Jay Powell on Friday
	...

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