Closing Bell: The (Not So) "Magnificent 7", Fed Outlook & Apple 3/5/24

Closing Bell

CNBC

News, Business

4.4 • 139 Ratings

🗓️ 5 March 2024

⏱️ 47 minutes

🔗️ Recording | iTunes | RSS

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Summary

From the open to the close, “Closing Bell” and “Closing Bell: Overtime” have you covered. From what’s driving market moves to how investors are reacting, Scott Wapner, Jon Fortt, Morgan Brennan and Michael Santoli guide listeners through each trading session and bring to you some of the biggest names in business.

Transcript

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0:00.0	All right, welcome to Closing Bell. I'm Scott Wabner live from
0:03.1	C.M.C. Global Headquarters today. This make-up-break hour begins with
0:06.1	tumbling tech and whether this is the start of a bigger pullback for that sector,
0:10.5	we're going to ask our experts over this final stretch.
0:13.4	In the meantime, take a look at your scorecard with 60 minutes to go in
0:15.9	regulation.
0:16.6	Nasdaq, the center of the action today.
0:18.4	That is clear.
0:19.3	Apple, take a look at that.
0:20.9	That stocks around 170 for most of the sessions today,
0:24.3	barely hanging on there. It did dip below it for the first time since October,
0:28.8	almost every other mega cap down as well today in the session.
0:32.3	Invidia really the only one threatening to finish positive.
0:35.0	Today we're going to watch that closely over this final stretch here.
0:38.7	The stock did barely go green a little while ago so we need to watch that names like
0:44.0	Uber Salesforce and Tesla also pretty ugly today elsewhere.
0:46.9	Target is one of the stocks of the day after its earnings guidance not so great
0:50.8	but the market seems to have seen enough to send those shares
0:53.8	surging today it does take us to our talk of the tape the rally and the state of stocks
0:58.2	with Fed share Powell speaking on Capitol Hill tomorrow morning maybe some of today's
1:02.1	weakness trying to get ahead of that
1:03.8	appearance perhaps. Let's ask Anastasia Amaro. So I capital's chief
	...

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