Closing Bell: Stocks volatile on CPI print, Former Fed official Quarles reacts, Under-the-radar chip play 2/14/23
Closing Bell
CNBC
4.4 • 139 Ratings
🗓️ 14 February 2023
⏱️ 42 minutes
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| 0:00.0 | Major averages all over the map today as Wall Street tries to make sense of that hotter than expected inflation print. |
| 0:06.0 | This is a make or break hour for your money. |
| 0:08.0 | Welcome everyone to Closing Bell, I'm Sarah Eizen. There's the Dow. |
| 0:11.0 | Take a look at where we stand overall in the market. |
| 0:12.6 | Down 80 on the Dow. |
| 0:13.6 | The low of the day was down 418, |
| 0:15.9 | but just to show you how the swings have gone, |
| 0:18.0 | the high of the day was up 85. |
| 0:19.7 | S&P 500 holds onto a gain just barely. |
| 0:22.4 | It's consumer discretionary technology, materials, and energy that are leading us higher. |
| 0:27.0 | Those are all the grain sectors. |
| 0:29.0 | Everybody else is lower, real estate staples and financials at the bottom of the pack. |
| 0:33.5 | The Nasdaq is holding up. |
| 0:35.1 | It's up about half a percent. |
| 0:36.3 | Thank you to Invibia, Tesla, Microsoft, and AMD |
| 0:39.8 | for the Nasdaq's ride, rise because you have some of the other mega cap tech players lower like an |
| 0:44.7 | apple or an Amazon. |
| 0:46.7 | Check out Palantier among the biggest winners today after reporting a surprise quarterly |
| 0:51.3 | profit. |
| 0:52.3 | CEO Alex Karp calling it a significant moment for the company. |
| 0:56.0 | We'll talk much more about that move later on in the show. |
| 0:59.0 | Also ahead this hour, former Federal Reserve Vice Chair Randy Quarrels joins us with his first |
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