Sentiment too negative for market peak to form: Fundstrat's Tom Lee
Fundstrat's Tom Lee on the markets and bitcoin. With CNBC's Brian Sullivan and the Fast Money traders, Tim Seymour, Karen Finerman, Dan Nathan and Guy Adami.
Dow Jones Industrial average drops 453 points
The Dow slid 453.93 points, or 1.57%, to end the day at 28,535.80. The S&P 500 dropped 1.57% to 3,243.72. The Nasdaq Composite fell 1.89% to 9,139.31. Wall Street suffered steep losses as coronavirus fears dented sentiment once again.
Coronavirus uncertainty weighs on Wall Street
The number of confirmed coronavirus cased in China has broken above 2,800, with the death toll rising to 81. This has led to increasing uncertainty around how the virus would hurt the global economy. The S&P 500 also snapped a 74-session streak without a decline of at least 1%. Investors will now look to hear what companies say about how the coronavirus could impact businesses. The uncertainty also will make it harder for stocks to notch fresh record highs.
Airlines, Estee Lauder drop
Airline shares, including American and Delta, dropped 5.54% and 3.37%, respectively, amid worries the coronavirus could dampen global travel. Estee Lauder, a cosmetics company with high revenue exposure to China, also fell 4.07%.
For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://www.cnbc.com/pro/?__source=youtube
» Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision
» Subscribe to CNBC: https://cnb.cx/SubscribeCNBC
» Subscribe to CNBC Classic: https://cnb.cx/SubscribeCNBCclassic
Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide.
Connect with CNBC News Online
Get the latest news: http://www.cnbc.com/
Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC
Follow CNBC News on Facebook: https://cnb.cx/LikeCNBC
Follow CNBC News on Twitter: https://cnb.cx/FollowCNBC
Follow CNBC News on Instagram: https://cnb.cx/InstagramCNBC
#CNBC
#CNBC TV
Видео Sentiment too negative for market peak to form: Fundstrat's Tom Lee канала CNBC Television
Dow Jones Industrial average drops 453 points
The Dow slid 453.93 points, or 1.57%, to end the day at 28,535.80. The S&P 500 dropped 1.57% to 3,243.72. The Nasdaq Composite fell 1.89% to 9,139.31. Wall Street suffered steep losses as coronavirus fears dented sentiment once again.
Coronavirus uncertainty weighs on Wall Street
The number of confirmed coronavirus cased in China has broken above 2,800, with the death toll rising to 81. This has led to increasing uncertainty around how the virus would hurt the global economy. The S&P 500 also snapped a 74-session streak without a decline of at least 1%. Investors will now look to hear what companies say about how the coronavirus could impact businesses. The uncertainty also will make it harder for stocks to notch fresh record highs.
Airlines, Estee Lauder drop
Airline shares, including American and Delta, dropped 5.54% and 3.37%, respectively, amid worries the coronavirus could dampen global travel. Estee Lauder, a cosmetics company with high revenue exposure to China, also fell 4.07%.
For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://www.cnbc.com/pro/?__source=youtube
» Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision
» Subscribe to CNBC: https://cnb.cx/SubscribeCNBC
» Subscribe to CNBC Classic: https://cnb.cx/SubscribeCNBCclassic
Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide.
Connect with CNBC News Online
Get the latest news: http://www.cnbc.com/
Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC
Follow CNBC News on Facebook: https://cnb.cx/LikeCNBC
Follow CNBC News on Twitter: https://cnb.cx/FollowCNBC
Follow CNBC News on Instagram: https://cnb.cx/InstagramCNBC
#CNBC
#CNBC TV
Видео Sentiment too negative for market peak to form: Fundstrat's Tom Lee канала CNBC Television
Показать
Комментарии отсутствуют
Информация о видео
Другие видео канала
Lightning Round: Solar energy stocks are tricky right now, says Jim Cramer
Lack of growth in cerealy made it a real drag for Kellogg, says Jim Cramer
The Kellogg breakup makes sense business-wise, says Jim Cramer
Jim Cramer looks to the week ahead for the markets
With this job number we could see the fabled soft landing, says Jim Cramer
Final Trades: UUP, EWW, EWZ, WRK
Chart Master: Buy gold for a bounce after recent dip
Mexico is the post-COVID winner, says Michelle Caruso-Cabrera
M&As are heating up, we're gonna continue to see more deals, says Roth MKM's Leo Mariani
Former federal prosecutor discuses possible defense strategies for Sam Bankman-Fried #Shorts
The Valuation Reckoning: When AI Startup Darlings Hit Stratospheric Levels
Keep an eye on the yield curve, it's still important, says Quadratic's Nancy Davis
It's still too early for the Fed to say 'mission accomplished', says Apollo's Torsten Slok
Amazon launches Project Kuiper prototypes to low orbit as tech giant enters satellite internet race
Jailed Iranian activist Narges Mohammadi just won the 2023 Nobel Peace Prize
Jailed Iranian activist Narges Mohammadi just won the 2023 Nobel Peace Prize #Shorts
Apple's biggest risk is the next upgrade not catching on, says NYU's Aswath Damodaran
T. Rowe's Sebastien Page says there's three major macro risks to the economy
The Fed doesn't have to keep threatening hikes, says Fundstrat Co-Founder Tom Lee
Formula One gets upgraded by Citi
FTX’s Gary Wang tells court Alameda got ‘special privileges’ to exchange’s funds: CNBC Crypto World