Markets drop from records as consumer stocks weigh

CNBC's "Fast Money"

CNBC

Business, Investing, News

4.3 • 1.2K Ratings

🗓️ 17 August 2021

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

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Summary

The S&P and Dow snapped 5-day win streaks on Tuesday with major indexes shedding nearly a percent. The consumer discretionary sector led losses, as strong earnings from Walmart and Home Depot were not enough to excite investors. Plus homebuilder sentiment took a hit in August, sending shares of builders plunging

Transcript

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0:00.0	Live in the Nasdaq Market
0:02.0	site in New York City's
0:03.0	Times Square. This is fast
0:04.0	money. I'm Melissa Lee.
0:05.0	Tonight's Trader lineup.
0:06.0	Tim Seymour, Karen
0:07.0	Fineman, Guy Damian,
0:08.0	Mike Co. Tonight on
0:09.0	Fast, we are trading the
0:10.0	China crackdown.
0:11.0	Chinese tech stocks
0:12.0	falling hard again today as
0:13.0	Beijing times the
0:14.0	screws for breaking down the
0:15.0	full fallout plus a
0:16.0	builder breakdown.
0:17.0	The home building stocks
0:18.0	getting hammered.
0:19.0	We'll tell you what
0:20.0	happened for the first
0:21.0	time in over a year that
0:22.0	sent these stocks
	...

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