What’s likely to move the market

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Millicent Wong
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Traders work on the trading floor of the New York Stock Exchange (NYSE) in New York City, USA, August 30, 2024.

Brendan McDermid | Reuters

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Here's what CNBC TV producers were watching as the three major averages started September with losses, and what's on the radar for the next session.

NVIDIA

  • On Tuesday, NVIDIA has lost more market value in a single day than any other stock: $279 billion. That's a big number. Bob Pisani, CNBC's NYSE man, notes that this is the fifth time the stock has lost more than $200 billion in market capitalization in a single day, but Tuesday's development tops it off.
  • The share lost 9.5 percent.
  • Since June 20, it has fallen by 23.3%. However, in 2024, it will rise by 118%.
  • The stock lost another 2% in after-hours trading. The decline came after Bloomberg reported that the U.S. Department of Justice was taking a closer look at Nvidia's antitrust concerns.

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Nvidia's performance over the last five days

VanEck Semiconductor ETF

Dividend stocks

  • This part of the market held up well on Tuesday. SPDR S&P Dividend ETF (SDY) fell 0.4% on Tuesday, hitting a 52-week high earlier in the session.
  • Some would call the dividend yield of this ETF low. As of Tuesday evening, it was 2.4%.

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SPDR S&P Dividend ETF (SDY) Daily Performance

Tools

  • The S&P Utilities sector closed unchanged on Tuesday, but hit a new 52-week high earlier in the day.
  • The sector will pay a 3% dividend at the close of trading on Tuesday.
  • When interest rates fall, some investors look for utility companies that typically pay a decent dividend.
  • Looking back to March 2022 – when interest rates began to rise – the utility sector has risen 7% since then.
  • The sector's Relative Strength Index is at 71. Some traders may believe this reading suggests the utilities sector is overbought, but that does not necessarily mean a price decline is guaranteed.
  • In the last month NRG Energy is the leader in the sector, rising 14% during this period.
  • PG&E has increased by 8.3% in one month.
  • Constellation Energy rose 6.4% in one month.
  • At the bottom of the pile: American Waterworks fell by 2.6% last month, while AES fell by 2.2%. Evergy has fallen by almost 0.8% within a month.

Mortgage applications

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Champion Homes last month

Large oil companies

  • The S&P Energy sector was slightly lower on Tuesday, losing 2.4 percent. It is now 9.4 percent below its April peak.
  • WHAT was the biggest drag with a decline of 6% on Tuesday.
  • EOG Resources And Halliburton were down 4% during the session.
  • ExxonMobil fell by 2.1% during the day. Chevron fell by 2.2% and ConocoPhillips fell by 3.46%.
  • CNBC's Pippa Stevens will report on Wednesday.
  • Brent and WTI each lost 4% within a month.
  • The S&P energy sector stagnated during the same period.
  • Onesok And Porsche 911 have increased by 15% in one month. Williams Companies has increased by 8% during this time.
  • APA, Halliburton and SLB are the laggards: all three lost about 6 percent within a month.

Before the NFL

  • CNBC's Contessa Brewer will look at gambling stocks on Wednesday as we approach the first game of the football season.
  • The Kansas City Chiefs play the Baltimore Ravens on Thursday at 7 p.m. ET on NBC and Peacock.
  • DraftKings has fallen 22% since February 12, the day after the Super Bowl. The stock has fallen 32% since its March peak.
  • Flutter is 3% over the same period. The stock is 9% below its March high.
  • MGM Resorts has fallen by 22% since then. Caesar's Entertainment is down 19% during that time. MGM is down 25% from its April peak and Caesars is down 35% from its September peak.
  • By the way, CNBC will be releasing a highly anticipated list of NFL team values ​​on “Squawk Box” on Thursday. Don't miss it. It's going to be great.

Dollar Tree Reviews

  • The report will be published on Wednesday morning before the stock market opens.
  • Dollar-General was reported last week and it wasn't pretty.
  • Dollar General shares plunged after the company reported earnings last Thursday. The stock rose 1 percent on Tuesday, but is still down about 33 percent in a week.
  • Dollar Tree is 45% below its March high. Shares are down 14% in a week.