Closing Bell: Stocks in Sell-Off Mode Post-Powell 3/7/23
The major averages dropping in the final hour of trade as a direct result of what Fed Chair Jay Powell told Congress today… that the central bank may go faster, higher and stay longer than originally thought. Our all-star panel of Virtus’ Joe Terranova, Lauren Goodwin of New York Life Investments, senior economics correspondent Steve Liesman and senior market commentator Mike Santoli break down the final moments of trade. Plus, Lo Toney of Plexo Capital drills down on the tech trade and the latest headlines on Meta. And, Fundstrat’s Mark Newton has explains the key levels every investor needs to watch amid this uncertainty.
March 7, 2023
59 min
Full
495 of 2,295
March 7, 2023
Closing Bell: Stocks in Sell-Off Mode Post-Powell 3/7/23
0:00 / 59:49
Excerpt playback isn’t available for this episode — use the full-episode link.
Search the Record
Moment search isn’t open for this episode yet
When it opens, you’ll be able to type any phrase and jump straight to the second it was said.
Cnbc Episodes Around March 7, 2023
Episode 495 of 2,295 — walk the feed in the order it was published.
59:49This episodeClosing Bell: Stocks in Sell-Off Mode Post-Powell 3/7/23
Summary
The major averages dropping in the final hour of trade as a direct result of what Fed Chair Jay Powell told Congress today… that the central bank may go faster, higher and stay longer than originally thought. Our all-star panel of Virtus’ Joe Terranova, Lauren Goodwin of New York Life Investments, senior economics correspondent Steve Liesman and senior market commentator Mike Santoli break down the final moments of trade. Plus, Lo Toney of Plexo Capital drills down on the tech trade and the latest headlines on Meta. And, Fundstrat’s Mark Newton has explains the key levels every investor needs to watch amid this uncertainty.
Episode details and artwork are published by the show’s own feed. Sentinel plays short cited excerpts and links every episode back to its publisher.