Market Sell-Off Intensifies… And The Tech Wreck’s Next Move 3/10/25

CNBC's "Fast Money"

CNBC

Business, Investing, News

4.3 • 1.2K Ratings

🗓️ 10 March 2025

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

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Summary

Stocks dropping hard to kick off the week, as recession fears grip Wall Street. The sectors seeing the most pain, and what our traders need to see to believe the sell off is nearing an end. Plus Tech taking it on the chin, as the Nasdaq falls even farther into correction territory. What one top tech analyst sees in store for the Magnificent 7 names, and how much more turmoil the tech trade will endure. Fast Money Disclaimer

Transcript

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0:00.0	Live from the Nazak market site on a day where the major indices hit their lowest levels in nearly six months.
0:06.5	This is fast money. Here's what's on tap tonight. Stock sinking to start the week. The Nazak now solidly in correction territory.
0:12.9	The S&P 500 closing below its 200-day moving average for the first time in 16 months. The Dow is shedding nearly 2,000 points so far this month.
0:24.6	How much furthers are left to fall and how do you protect yourself against the drop?
0:30.9	Plus, DELSA's disappointing guidance. What's got the stock on the move after hours and how it's playing out for the rest of the travel trade?
0:39.0	And we're watching Oracle shares after its latest earnings report. Crypto crashing as Bitcoin's drop below 80K takes the rest of the digital asset space down with it.
0:43.8	And the Chartermaster lays out a couple stocks that might be buying opportunities after this selloff.
0:44.7	I'm Melissa Lee.
0:47.1	Come to you live from Studio B at the NASDAQ on the desk tonight.
0:50.1	Carter Braxtonworth, Dan Nathan, Guy Dammy, and Julie Beale.
0:52.9	We start off with a sea of red on Wall Street, the Dow dropping nearly 900 points for its
0:55.7	worst day since December. The SNP 500 down nearly 3% hitting levels not seen since back in September.
1:02.2	And the NASDAQ, the worst performing index today, down nearly 5% at lows. The worst day for
1:06.7	tech since the fall of 2022. Continued fears about a potential recession in the uncertainty around
1:12.6	terrorists weighing on the markets. It was a day filled with massive moves in the mega caps,
1:16.7	Apple losing $175 billion in market cap today. Tesla giving back all of its post-election gains
1:22.4	on its worst day since 2020. It is now worth less than half of what it was at its mid-December peak.
1:29.1	Invidia, hitting its lowest levels since September, losing a trillion dollars from its high,
1:33.3	and meta giving up all of its gains and then some from the 20-day winning streak.
1:37.8	Overall, every single Mag 7 stock is now in correction territory.
1:42.1	Collectively, they have lost three quarters of a trillion dollars in value in just the last two
1:47.2	trading sessions.
	...

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