Stocks @ Night is a daily newsletter delivered after hours, giving you a first look at tomorrow and last look at today. Sign up for free to receive it directly in your inbox. Here’s what CNBC TV’s producers were watching as the Nasdaq Composite slid into correction territory, and what’s on the radar for the next session. Thursday’s steep declines The Nasdaq-100 fell 6.36% Thursday. It is now off 15% from the Oct. 6 high. The S & P tech sector fell 7%. It is now off 17% from the Oct. 6 high. The Dow Industrials dropped 3.44%. It is down 6% from the high reached Aug. 5. The S & P 500 dropped 4.36%. It is down 6.25% from last month’s high. The Russell 2000 fell 4.5%. It is 11% from the August high. The NYSE Composite dropped 2.96%. It is just 3.6% from the August high. Jim Cramer declared a “bear market” and went in depth on “the idea that the data center theme is falling apart.” Cramer has been noting for some time that money has been dripping into the non-data center trade and has been talking about the notion of two stock markets: the artificial intelligence/data center side of the trade and everything else. He called Thursday’s action “a torrent” out of big tech. He again made the point: “Now when the smoke clears” there may be a chance for stocks outside of tech to shine. .IXIC 1D mountain Nasdaq Composite in the past day On the other side of the Great Wall The Chinese ETFs held up quite well on Thursday. CNBC senior executive producer Sandy Cannold posited that this might be due to tech investors looking at AI possibilities in China. The KraneShares CSI China Internet ETF (KWEB) was up 1.8%. It’s down 38% from the November high. The iShares China Large-Cap ETF (FXI) was up 1%. It’s off 15% from the November high. There was a nearly 1% advance for the iShares MSCI China ETF (MCHI) . It is down 20% from the November high. Moderna reports on ‘Squawk Box’ Moderna CEO Stephane Bancel will be live on ” Squawk Box ” with Becky Quick, Joe Kernen and Andrew Ross Sorkin. The stock is up almost 330% in three months. It is up 925% in a year. MRNA 3M mountain Moderna in three months Under Armour reports on ‘Squawk Box’ The stock is down about 19% in three months. Under Armour shares are off 32% from the February high. Bloomin’ Brands reports on ‘Squawk Box’ The stock is down 11.6% in three months. Bloomin’ Brands shares are off 17% from the August high. The company owns Outback Steakhouse. You can buy Bloomin’ Onions and Kookaburra Wings in 44 great American states, including one location in Onalaska, Wisconsin. BLMN 3M mountain Bloomin’ Brands in three months Consumer staples CNBC’s Brandon Gomez is following the sector many flock to in tough times because everyone needs stuff at Walmart , Hershey chocolate bars, jelly from JM Smucker , cleaning products from Clorox , Coca-Cola and cigarettes from Altria . The sector fell 0.7% Thursday. It is down 2.3% from the high. Constellation Brands is up almost 28% in a month. Clorox and Walmart are up 21%. Drilling down on three areas of Big Tech CNBC’s Seema Mody is covering the neocloud stocks. These stocks were beat up from the feet up Thursday. CoreWeave fell almost 10%. It is down 70% from the May high . Nebius fell about 15%. It is off 60% from the June high. IREN dropped about 17%. It is 75% from its high. MacKenzie Sigalos is watching Apple and how it may or may not be affected by any new Congressional legislation. Apple hit a new high Thursday before falling 3% from that top price of $355.38. CNBC’s Julia Boorstin is covering Meta Platforms and the changes that may be in store when the new Congress starts in January. The stock is down 22% from the September high. Credit default swap price increases In the last month, the credit default swap price for CoreWeave is up 50%. For Oracle , it is up 23% in a month. For Amazon , it’s up 42%. For Oracle , it’s up 23%. For Meta, it is up 15%.
