CNBC Television We need to see some earnings growth: Pro

🎯 Загружено автоматически через бота: 🚫 Оригинал видео: 📺 Данное видео принадлежит каналу «CNBC Television» (@CNBCtelevision). Оно представлено в нашем сообществе исключительно в информационных, научных, образовательных или культурных целях. Наше сообщество не утверждает никаких прав на данное видео. Пожалуйста, поддержите автора, посетив его оригинальный канал. ✉️ Если у вас есть претензии к авторским правам на данное видео, пожалуйста, свяжитесь с нами по почте support@, и мы немедленно удалим его. 📃 Оригинальное описание: Oliver Pursche, chief market strategist at Bruderman Asset Management, and Peter Cecchini of Cantor Fitzgerald break down a very big day for the markets on CNBC’s ’Closing Bell.’ Stocks plunged on Thursday, following a massive relief rally in the previous session, as markets remained choppy in the face of the fast-spreading coronavirus. The Dow Jones Industrial Average dropped about 644 points, or 2.3%, around midday trading, after tanking 841 points earlier at its session low. The S&P 500 dropped a similar 2.2% and the Nasdaq Composite fell 1.4%. Fears about the coronavirus disrupting the global economy continued to grip Wall Street as countries around the world extended quarantines and travel restrictions. California declared a state of emergency after a coronavirus-related death and 53 confirmed cases in the state. “The majority of this is just growing concern about the fallout from the virus because it’s spreading,” said Tom Essaye, founder of the Sevens Report. “For every hour, another group of people have it and it’s in another state. People are getting a bit nervous about this constant barrage of headlines.” That angst fueled investor demand for safer assets like U.S. Treasurys and gold, which rose nearly 1%. The rate on the 10-year Treasury note dropped to % but remained just above an all-time low hit earlier in the week. The tumbling yields kept pressure on the equity of U.S. regional and consumer-facing banks, which led the major indexes lower. Truist Financial dropped 5.8%, M&T Bank fell 5.1% and Fifth Third sank 4.9%. The market moves came amid a roller-coaster week on Wall Street, which saw the 30-stock Dow swinging 1,000 points or higher twice in the past three days. For access to live and exclusive video from CNBC subscribe to CNBC PRO: » Subscribe to CNBC TV: » Subscribe to CNBC: » Subscribe to CNBC Classic: Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide. Connect with CNBC News Online Get the latest news: Follow CNBC on LinkedIn: Follow CNBC News on Facebook: Follow CNBC News on Twitter: Follow CNBC News on Instagram: #CNBC #CNBC TV