Stocks @ Night is a daily newsletter delivered after hours, giving you the first information about tomorrow and the last information about today. Sign up for free to receive it straight to your inbox. As the Nasdaq Composite slides into correction territory, here’s what CNBC TV producers were watching and what they’re watching for next. Thursday’s Plunge The Nasdaq 100 fell 6.36% on Thursday. It is currently down 15% from its October 6th high. The S&P tech sector fell 7%. It is currently down 17% from its October 6th high. The Dow Jones Industrial Average fell 3.44%. The stock is down 6% from its Aug. 5 high, and the S&P 500 is down 4.36%. It is down 6.25% from last month’s high. The Russell 2000 fell 4.5%. This is 11% from August’s high. The New York Stock Exchange Composite Stock Price Index fell 2.96%. That’s just 3.6% from August’s high. Jim Cramer declared a “bear market” and elaborated on “the idea that the data center theme is collapsing.” Kramer has long noted that money is flowing into non-data center trades, and he talks about the concept of two stock markets: the artificial intelligence/data center side of the trade and everything else. He called Thursday’s actions a “torrent” by big tech companies. He reiterated that non-tech stocks may have a chance to shine “once the smoke clears.” Past Days .IXIC 1D Mountain Nasdaq Composite Index Beyond the Great Wall China ETFs did very well on Thursday. CNBC senior executive producer Sandy Cannold speculated that this may be because tech investors are focused on the potential of AI in China. CraneShares CSI China Internet ETF (KWEB) rose 1.8%. It has fallen 38% from its November high. The iShares China Large Cap ETF (FXI) rose 1%. It is down 15% from its November high. The iShares MSCI China ETF (MCHI) rose nearly 1%. It is down 20% from its November high. Moderna Reports on ‘Squawk Box’ Moderna CEO Stephane Bancel appears live on ‘Squawk Box’ with Becky Quick, Joe Kernen and Andrew Ross Sorkin. The stock price has increased about 330% in three months. 925% increase in one year. MRNA 3M Mountain Moderna In 3 Months, Under Armor Reports On ‘Squawk Box’ Stock price has fallen about 19% in 3 months. Under Armor stock is down 32% from its February high. Bloomin’ Brands Reports on ‘Squawk Box’ The stock has fallen 11.6% in three months. Bloomin’ Brands stock is down 17% from its August high. The company owns Outback Steakhouse. Bloomin’ Onion and Kingfisher Wings are available in 44 major U.S. states, including one store in Onalaska, Wisconsin. BLMN 3M Mountain Bloomin’ Brands in 3 months Consumer Essentials CNBC’s Brandon Gomez follows this sector, where many people come together during difficult times because everyone needs the essentials: Walmart, Hershey chocolate bars, JM Smucker jelly, Clorox detergent, Coca-Cola, Altria cigarettes. The sector fell 0.7% on Thursday. It has fallen 2.3% from its high. Constellation Brands is up about 28% in one month. Clorox and Walmart rose 21%. Digging into three areas of Big Tech, CNBC’s Seema Modi covers neocloud stocks. These stocks have been trading lower since Thursday. Coreweave fell nearly 10%. It has fallen 70% from its May high. Nevius fell about 15%. It is down 60% from its June high. IREN fell about 17%. That’s 75% from the peak. Mackenzie Sigalos is watching closely to see how Apple will be affected, or not, by new Congressional legislation. Apple is down 3% from its all-time high of $355.38 after hitting a new high on Thursday. CNBC’s Julia Boorstin covers the meta platform and the changes that could come with the new Congress starting in January. The stock is down 22% from its September high. Credit Default Swap Prices Rise Over the past month, CoreWeave’s credit default swap prices have increased by 50%. For Oracle, it was up 23% in one month. Amazon saw a 42% increase. Oracle saw a 23% increase. Meta has increased by 15%.
