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Bloomberg Tech

Nasdaq 100 Plunges and Intel Falls Most in 40 Years

Bloomberg Tech

Bloomberg

Tech News, Business News, Business, News

4.549 Ratings

🗓️ 2 August 2024

⏱️ 47 minutes

🧾️ Download transcript

Summary

Bloomberg's Ed Ludlow breaks down the Nasdaq 100's plunge into correction territory. Plus, we break down results from tech heavyweights Amazon and Apple, and Intel shares fall by the most since 1982 as the company offers a grim forecast and slashes thousand of jobs.

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Transcript

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0:00.0

Want to know where stress is showing up in the $20 trillion commercial real estate market?

0:08.0

Or how the clean energy transition is actually being financed?

0:11.6

Or while child care is so expensive and why so much of the global economy is going into

0:16.2

reverse, then you're in the right place.

0:18.7

I'm Tracy Allaway.

0:19.8

And I'm Jill Weisenthall.

0:21.0

Together we host the All-Thauts Podcast. Twice a week we bring on the perfect

0:25.0

guest to break down all these odd, interesting, complicated finance topics and more.

0:30.1

You can look us up wherever you get your podcasts. The Oddlods Podcast from Bloomberg. part of where innovation, money and power collide in Silicon Valley and beyond.

0:45.0

This is Bloomberg Technology with Caroline Hyde and Ed Ludlow. Live from New York, this is Bloomberg Technology.

1:06.2

Coming up, the NASDAQ 100 plunges into correction territory as the rotation from

1:11.4

Big Tech continues. Plus, we break down the results from Big Tech continues.

1:13.0

Plus, we break down the results from tech heavyweights,

1:15.6

Amazon and Apple, and Intel shares falling by the most

1:20.2

since 1982, as the company offers a grim forecast and slashes thousands of jobs.

1:28.0

The picture in financial markets is severe this Friday.

1:31.0

The focus is the technology sector. This is the

1:34.0

NASDAQ 100 over the course of the week. We are on track for our fourth

1:38.0

straight week of declines matching the run that we saw in April of this year.

1:41.6

We have entered a technical correction on the NASDAQ 100.

1:46.0

In the moment, about 80 names on that index in the red,

1:49.4

fewer than 20 in the green.

...

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