Stocks Tumble To Start Week; Key Technical Levels Amid The Damage 4/21/25

Closing Bell

CNBC

Business, News

4.8 • 118 Ratings

🗓️ 21 April 2025

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

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Summary

Stocks closed well off worst levels, but the rout in April continues. A deepening market selloff takes center stage with Anastasia Amoroso of iCapital and Sameer Samana of Wells Fargo breaking down pressure points across sectors. Our Deirdre Bosa reports on the unraveling of AI optimism. Morgan Stanley’s Seth Carpenter weighs in on Trump vs. Powell tensions and macro dynamics, while Citi’s Scott Chronert discusses the implications of today’s sharp drop—and the situation he says you should be buying right now. Technical analysis from Katie Stockton provides levels to watch, and Steve Kovach covers Apple’s decline on renewed China and tariff concerns. Earnings from Zions Bancorp and Western Alliance with Baird’s David George.

Transcript

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0:00.0	That bell marks the end of regulation.
0:02.1	US global investors bringing the closing bell
0:03.9	at the New York Stock Exchange, DT CloudStar Acquisition
0:06.5	Corporation, doing the honors at the NASDAQ
0:09.2	and could have been worse.
0:10.2	Stocks bouncing off near lows in the last hour.
0:13.1	With the Dow closing down, it looks like fewer than 1,000 points
0:16.5	as President Trump ramps up pressure on Fed Chair Powell,
0:19.2	with the dollar lower,
0:20.4	yields higher and mega- tech seeing steep declines.
0:25.4	That's the scorecard on Wall Street.
0:26.8	But winners stay late.
0:27.7	Welcome to closing bell overtime.
0:28.8	I'm John Ford with Morgan Brennan.
0:30.7	Well, coming up this hour, Morgan Stanley's Global Chief Economist, Seth Carpenter,
0:34.8	joins us to talk about President Trump's War of Words against Fed Chair Powell and what a change at the top of the Fed would mean for investors.
0:41.9	Plus, city U.S. equity strategist Scott Cronert weighs in on the selloff and what comes next.
0:47.3	And Tesla, tumbling again with just 24 hours to go until earnings.
0:51.3	We're going to talk to former Tesla board member, Steve Wesley, about what's at
0:54.9	stake in tomorrow's report. First, let's get straight to the sell-off. Joining us now is I Capital
1:00.2	Chief Investment Strategist. Anastasia Amaroso and Wells Fargo, head of global equities and real
1:04.8	assets. Samir Samana, guys, good afternoon. Anastasia, the lion's share of the S&Ps drop today came right after the president's
	...

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