what’s likely to move the market in the next trading session
(This is the Stocks @ Night PRO newsletter written by CNBC TV producers about the trading day ahead.) Here’s what CNBC TV was watching with the market rout Monday and what is on the radar for the network in the next session. The Sell-Off By now, you know the markets have had a rough start to August. The Russell 2000 is down 9.5% in three days. That’s three consecutive losing days with a decline of more than 3% in each session. The Nasdaq Composite is down nearly 8% in three days. The S & P 500 is down 6% in three days. The Dow Jones Industrial Average is down 5.24% in three days. Crypto Bitcoin is down 16.6% in three days, now in the $54,000 range. Ether is down 25% in three days. Michael Saylor, the co-founder of MicroStrategy, will be on “Squawk on the Street” in the 10 a.m. hour ET on Tuesday. The stock is down 19% in three days. Galaxy Digital is down 30% in three days. Cleanspark is down 24% in three days. Riot Platforms is down 18.5% in three days. Marathon Digital is down 14% in three days. CSX CEO Joe Hinrichs will be on “Squawk on the Street” Tuesday in the 10 a.m. hour. The stock is down 6% in three days. It’s now 18% from the February 52-week high. The company reported earnings on Monday that came in slightly lower than the same quarter a year ago. Revenue was flat. Caterpillar The industrial giant reports before the bell Tuesday. The stock is down 8% in a week. Caterpillar is down about 6% in the past three months. The stock is 17% from the April 52-week high. CAT YTD mountain Caterpillar, year-to-date Amgen The biotech giant reports Tuesday after the bell. The stock is up 4.5% in the past three months. Amgen is only down 2.2% in three days. Dow Winners There are only four Dow stocks that are up in the last three days. Procter & Gamble is up 4.5% in that period. Shares are 1.7% from the July 24 52-week high. Johnson & Johnson is up 2.15% in three days. The stock is 8% from the August 2023 high. Coca-Cola is up 2% in three days. McDonald’s is up 1% in three days. The stock is 11% from the January 52-week high. PG 1M mountain P & G, 1-month
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