Closing Bell: Wild May Wraps Up, CME's CEO On Market Volatility And Getting Defensive 5/31/22
Closing Bell
CNBC
4.4 • 139 Ratings
🗓️ 31 May 2022
⏱️ 43 minutes
🧾️ Download transcript
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| 0:00.0 | Another volatile day for stocks. |
| 0:01.3 | Dow's off the lows, but the broad market is heading south. |
| 0:04.3 | Once again, the most important hour of trading starts now. |
| 0:07.2 | Welcome everyone to Closing Bell, I'm Sarah Eason. |
| 0:09.5 | Take a look at where we stand right now. |
| 0:10.8 | Dow's down about 200 points. |
| 0:12.4 | At the lows of the session earlier, we were down about 4.60, |
| 0:15.8 | then went positive, and we're now giving up around again. |
| 0:18.8 | S&P down about 6 tenths of 1%. |
| 0:21.5 | Two sectors stand out as positive right now, consumer |
| 0:23.7 | discretionary and communication services. There's buying in a lot of the beaten down |
| 0:26.8 | names of May, like Amazon, Under Armour, Hasbro, Starboks, and Nike. |
| 0:31.1 | Those are all helping the consumer stock. |
| 0:33.0 | The NASDAQ is down about six-tenths. |
| 0:34.7 | It's down about 2% for the month of May, |
| 0:36.6 | while the S&P is pretty much flat. |
| 0:38.2 | So definitely an underperformer overall for the month. |
| 0:41.3 | Here's a look at some of the most actively traded names |
| 0:43.2 | right here right now at the New York Stock Exchange. You've got AMC |
| 0:47.3 | Entertainment off the better top gun sales. It's done a turnaround today. It was sharply |
| 0:51.3 | higher earlier. Snap is on there which is one of |
| 0:53.8 | the biggest declines down about 50% for the month worst month ever for snap after |
... |
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