Which is likely to move the market

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Here’s what CNBC TV producers were watching as the three major averages started September on a losing note, and what’s on the radar for the next session.

• Tuesday, Nvidia lost more market value than any other stock in a single day: $279 billion. This is a big number. CNBC’s NYSE man Bob Pisani 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 action takes the cake.
• Shares lost 9.5%.
• It is now down 23.3% from June 20. However, it is increasing by 118% in 2024.
• The stock fell another 2% after hours. The move comes after Bloomberg reported that the Justice Department is taking a closer look at antitrust concerns for Nvidia.

• This part of the market held OK on Tuesday. The SPDR S&P Dividend ETF (SDY) fell 0.4% on Tuesday and hit a 52-week high earlier in the session.
• Some might call the dividend yield on this ETF low. It’s 2.4% as of Tuesday night.

• The S&P Utilities sector ended flat on Tuesday but hit a new 52-week high earlier in the day.
• The sector pays a dividend of 3%, as of Tuesday’s close.
• When interest rates fall, some investors look for utilities that generally pay a decent dividend.
• If you look at the utilities sector since March 2022 – as rates started to rise – it has risen 7% since then.
• The relative strength index of the sector is 71. Some traders may think that this reading suggests that the utilities sector is overbought, but it does not necessarily mean that it is guaranteed to decline.
• In the last month, NRG Energy is the best performer in the sector. It grew by 14% during that period.
• PG&E rose 8.3% in one month.
• Constellation Energy rose 6.4% in one month.
• At the bottom of the pile: American Water Works fell 2.6% in the past month, while AES decreases by 2.2%. Evergy down nearly 0.8% in a month.

• The S&P Energy sector was slightly lower on Tuesday, losing 2.4%. It is now 9.4% from its April high.
• WATER was the highest frequency, down 6% on Tuesday.
• EOG Resources and Halliburton they fell 4% on the session.
• ExxonMobil it fell 2.1% during the day. Chevron decreased by 2.2% and ConocoPhillips decreased by 3.46%.
• CNBC’s Pippa Stevens will return on Wednesday.
• Brent and WTI are both down 4% on the month.
• The S&P Energy sector is flat over the same time period.
• One ok and Stretcher they increased by 15% in one month. Williams Companies grew by 8% during that time.
• APA, Halliburton and SLB are lagging: All three are down about 6% in a month.

• CNBC’s Contessa Brewer will look at gambling stocks on Wednesday as we wrap up our first game of the football season.
• The Kansas City Chiefs play the Baltimore Ravens on Thursday at 7pm ET on NBC and Peacock.
• DraftKings down 22% from Feb. 12, the day after the Super Bowl. Shares are down 32% from their March high.
• Flutter it is 3% over the same time period. The stock is down 9% from its March high.
• MGM Resorts it has fallen 22% since then. Caesars Entertainment decreased by 19% during that period. MGM is down 25% from its April high and Caesars is down 35% from its September high.
• By the way, on Thursday’s “Squawk Box,” CNBC will release a long-awaited list of how much NFL teams are worth. Don’t miss out. It will be big.

• The report comes out before the bell on Wednesday morning.
• general dollar reported last week and it wasn’t pretty.
• Shares of Dollar General fell after the company released its results last Thursday. Shares rose 1% on Tuesday, but are still down about 33% in a week.
• Dollar Tree is 45% off its March high. Shares are down 14% in a week.