Closing Bell: Stocks sink into the close, Booking Holdings’ CEO on travel demand, and CF Industries’ CEO on the fertilizer frenzy 3/31/22
Closing Bell
CNBC
4.4 • 139 Ratings
🗓️ 31 March 2022
⏱️ 44 minutes
🧾️ Download transcript
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| 0:00.0 | Stocks are near session lows and oil is sinking on this final day of the |
| 0:05.6 | quarter. The most important hour of trading starts now. Welcome everyone to |
| 0:09.3 | Closing Bell, I'm Sarah Eis and here's where we stand right now in the market down |
| 0:12.4 | 200 points on the |
| 0:13.3 | Dow biggest drag is Home Depot which by the way is tracking for a 30% loss on the |
| 0:17.6 | year so far the S&P down four tenths of one percent NASDAQ down three tenths |
| 0:22.0 | of one percent. |
| 0:22.5 | The only groups working right now are the defensive groups. |
| 0:25.8 | We're talking utility, staples, real estate, and health care. |
| 0:28.3 | All positive. |
| 0:29.4 | Everybody else is lower. |
| 0:30.4 | Financial is the hardest hit, as yields take a step back today. |
| 0:33.6 | Small caps give back less than the S&P about a quarter of 1%. |
| 0:37.5 | Here's a look at the score card for the quarter, which is the worst quarter since back in 2020, |
| 0:43.1 | breaks a streak of seven up quarters |
| 0:44.8 | for the S&P 500, lower across the board. |
| 0:48.1 | But the month of March was an anomaly, higher. |
| 0:51.2 | So ending a little bit on a strong note at least if you look at the |
| 0:53.8 | monthly performance today. Here are my top takeaways on some big stories |
| 0:56.6 | today. Look who's making new highs in this down market. Dollar Tree, tractor supply, |
| 1:01.6 | Costco, Hers supply, Costco, |
| 1:03.4 | all of them at all-time highs. |
... |
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