CNBC Special: Trading Tech 05/24/22

Mad Money w/ Jim Cramer

CNBC

News, Investing, Business

4.3 • 4K Ratings

🗓️ 24 May 2022

⏱️ 41 minutes

🔗️ Recording | iTunes | RSS

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Summary

The tech-heavy Nasdaq 100 index closed Monday’s trading down more than 26% year-to-date, and the Dow Jones U.S. tech sector has also shed more than 26%. A warning from one social media company is sparking worries across corporate America, putting nearly a half a trillion dollar dent in the market. Is this the sign of a shake out, or could more pain the tech space be coming? CNBC’s Jon Fortt spoke with CNBC experts and investors to find out what the tech routs means for your money. 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	So rough day on Wall Street yet again, but still having a negative day across the board.
0:10.4	Three big issues, fed inflation, Russia Ukraine and COVID locked down in China.
0:14.6	The Snapchat is down 41 percent.
0:17.7	Everything from real estate to social media now seems to be at risk.
0:20.8	Profit and sales warnings from companies are spawning recession fears.
0:25.2	Tech has, to say the least, been one of the most volatile parts of the market.
0:29.7	What comes next?
0:35.1	Welcome to this CNBC special trading tech.
0:38.0	I'm John Fort.
0:39.0	Jim Kramer has the evening off.
0:40.6	Tonight, tech stocks tumbling, a warning from one social media company sparking worries
0:45.3	across corporate America, putting nearly a half a trillion dollar dent in the market.
0:50.7	Why snaps macro shock wave has investors concerned about a lot more than just online advertising.
0:56.5	The Dow swinging 650 points but ending the day higher than Azdak ending the day down 271 points,
1:03.0	trading 31 percent below its all time high.
1:06.8	Well, is this the sign of the shakeout or could more pain in the tech space becoming?
1:11.1	Tonight, we will talk to CNBC experts and investors to find out what the tech route means for your money.
1:17.7	We're going to start with the big move today.
1:20.9	Snapshairs tumbling 43 percent for its worst day since going public, dragging other social
1:25.5	stocks down with it.
1:26.8	Julia Borschtens here for a rundown of those names and what it means for the Nasdak going forward.
1:32.0	Julia.
	...

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