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CNBC Fast July 4, 2024

Were about at session highs with the Dow Jones Industrials up about half a percent. The nasdaq composite is the laggard today, down about a quarter of a percent. We do have communications services, the lagging sector, real estate also lower for the session. Energy and utilities leading the way. Investors digest the news out of nvidias conference, 868. They have the new a. I. Chip. Lets just kick this off with even your initial reaction to everything weve heard so far. Jim, ill start with you. Are you surprised that were seeing a little bit of pullback on this news . Was it not as, i dont know, as bangup as the market had hoped to hear . I dont think thats what it is at all. Its had a hell of a rally, 75 year to date, 3x the last 12 months. A little bit of profit taking is warranted. You think to yourself, what sort of rabbit can they pull out of a hat . Im not expecting them to come up with a cure for cancer on that confere ....

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