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21min chapter
Closing Bell Overtime: Rocky Start To August For Stocks; Intel Has Worst Day In Over 50 Years 8/2/24
Closing Bell
Market Instability and Tech Turbulence
This chapter analyzes the current stock market instability, driven by a weakening job market and rising jobless claims, raising concerns about stock valuations and potential Federal Reserve interventions. It highlights the contrasting performances of major tech companies like Intel, Amazon, and Microsoft, alongside commentary on significant downturns in the banking sector. The discussion emphasizes investor reactions, the importance of economic indicators, and the broader implications of monetary policy amidst growing recession fears.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode