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CNBC's "Fast Money"

Stocks Close Off Day’s Highs, and Dollar General Tumbles, but Dow Hits a Record Description 8/29/24

CNBC's "Fast Money"

CNBC

Business, Investing, News

4.31.2K Ratings

🗓️ 29 August 2024

⏱️ 44 minutes

🧾️ Download transcript

Summary

Stocks losing steam late in the day, as Nvidia’s results weighed on the tech space. How the semi giant’s drop is impacting… or not impacting… the markets. Plus… Dollar General plummeting after cutting guidance. What the retail drop says about the state of the consumer, and if the same fate is in store for other retailers.

Transcript

Click on a timestamp to play from that location

0:00.0

And we do live from the NASDAQ market site in New York's Times Square.

0:06.5

This is fast money. Here's what's ahead on this action-packed hour. A sigh of relief,

0:11.8

the Dow roaring up, but the S&B and Nasdaq shrugging off of videos post-earnings fade?

0:17.0

Is this a sign the bull run can keep rolling on?

0:20.0

Plus, call it disaster general.

0:23.4

Shares of Dollar General getting shredded, prompting one of our traders to question the

0:28.5

whole mortality of the format.

0:31.3

Later on, inside Goldman Sachs's golden run, Google's new legal headache, and a rare ray of sunshine from Intel.

0:40.0

Yes, Intel. Intel.

0:43.0

I'm not Melissa Lee.

0:44.0

I'm Brian Sullivan coming to you live from the studio.

0:47.0

Studio B at the NASDAQ market site,

0:49.0

and I can assure you even as a fill-in,

0:51.0

I'm better than the Met's relievers. On the desk tonight

0:54.1

Courtney Garcia, Guyadami, Tim Seymour, Mr. Met and Carter-worth. All right, everybody.

1:03.0

We are going to start with the market's losing a little,

1:05.5

a little bit of steam late in the day.

1:07.5

It's the end of summer,

1:08.8

got a three day trading break ahead.

1:11.3

We did close well off the highs of the session, the S&P, falling into the red right at the close.

1:16.0

The Nasdak shed two-tenths of a percent.

1:19.0

Both though had been up a percent or more earlier in the day and since folks we are guessing

...

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