44 min listen
From Post-Fed Rally to Rate Hike-Fueled Sell-off: Techs Tumble and the Dow Falls Below 30,000. 06/16/22
From Post-Fed Rally to Rate Hike-Fueled Sell-off: Techs Tumble and the Dow Falls Below 30,000. 06/16/22
ratings:
Length:
50 minutes
Released:
Jun 16, 2022
Format:
Podcast episode
Description
One day after stocks rallied following the Fed's biggest interest rate increase since 1994, Carl Quintanilla, Jim Cramer and David Faber
discussed the sell-off that erased Wednesday's gains and sent the Dow below 30,000. Rate hikes by central banks in England and Switzerland fueled
inflation worries and recession fears. The anchors delved into why tech stocks including Apple and Microsoft have taken a hit, as well as
how investors can find protection in this market. Also in focus: Comments by DoubleLine CEO Jeffrey Gundlach and
MicroStrategy CEO Michael Saylor on the bitcoin slump, and Elon Musk prepares to meet with Twitter employees for the first
time since offering to buy the company.
discussed the sell-off that erased Wednesday's gains and sent the Dow below 30,000. Rate hikes by central banks in England and Switzerland fueled
inflation worries and recession fears. The anchors delved into why tech stocks including Apple and Microsoft have taken a hit, as well as
how investors can find protection in this market. Also in focus: Comments by DoubleLine CEO Jeffrey Gundlach and
MicroStrategy CEO Michael Saylor on the bitcoin slump, and Elon Musk prepares to meet with Twitter employees for the first
time since offering to buy the company.
Released:
Jun 16, 2022
Format:
Podcast episode
Titles in the series (100)
Squawk on the Street: Opening Bell 08/14/2019: The opening hour of CNBC’s "Squawk on the Street" with Carl Quintanilla, Jim Cramer and David Faber is broadcast each weekday from the floor of the New York Stock Exchange, on site at the opening bell with the up-to-the-minute news investors need to know and interviews with the most influential CEOs and greatest market minds by Squawk on the Street