Closing Bell: Struggling for direction, Stealth catalyst, SoFi stands out 9/14/22

Closing Bell

CNBC

News, Business

4.4 • 139 Ratings

🗓️ 14 September 2022

⏱️ 38 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

It was a choppy session on Wall Street following Tuesday’s major selloff, with stocks wavering between gains and losses. Bridgewater’s Rebecca Patterson joins with her outlook for the US relative to the rest of the world. Chris Harvey from Wells Fargo and Jim Paulsen from The Leuthold Group make the bull case for equities. An expert explains why Moderna’s talks with China could present a stealth catalyst for the whole market. And the analyst who just upgraded SoFi breaks down how student loans and the NFL could help the stock. 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 struggling for direction following the worst day for Wall Street since
0:05.8	2020. The most important hour of trading starts now. Welcome everyone to
0:09.8	Closing Bell I'm Sarah Eisen. Take a look at where we stand in the market.
0:13.0	It's kind of a mixed picture right now.
0:15.0	We lost the gains. It's been most of a day up for stocks overall, but we're down at about a tenth of 1% on the
0:21.0	S&P. Now the Dow has turned negative as well it's down a
0:23.7	hundred points we got as high as 175 now that's holding on to its gains just
0:28.4	barely the ten year no yield continues to be high elevated $341.
0:34.3	Dollars weaker so that's supporting markets a bit.
0:36.8	Take a look at the S&P 500 sectors this hour.
0:39.6	It's kind of a mixed picture.
0:40.9	Energy is higher right now, but you do have most of the groups right
0:44.8	now in the red on the day as you can see real estate materials financials
0:49.4	those are at the bottom of the list right now Technology is outperforming as the NASDAQ
0:53.8	attempts a bounce kind of a week one coming up on the show today.
0:56.7	Bridgewater's chief investment strategist Rebecca Patterson opens up her
1:00.1	playbook following yesterday's big plunge.
1:02.6	Plus, Moderna is moving higher today
1:04.7	on news that it's talking to China
1:06.9	about supplying the country with COVID vaccines.
1:09.8	One market expert says that could be a major catalyst for the entire market he'll
1:14.1	tell us why let's get straight though to today's dashboard with senior
	...

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