A New Month and a New Record High, The Big Tech Rally, and Buying Financials - August's Top-Performing Sector. Also: Hurricane Ida Damage and the Gas Shortage, Lucid Plummets, and Buying on the Dip - Cathie Wood Loads Up on Zoom
b"On the first trading day of September, David Faber, Leslie Picker and Mike Santoli explored what's next for stocks after an August in which the S&P 500 extended its monthly win streak to seven. They looked at what history tells us about market performance in September. The Nasdaq rose to a new all-time high: Can big tech/FAANG keep the upward momentum going? Financials were the best performing sector in August with a five-percent gain. The anchors asked Piper Sandler analyst Jeff Harte which bank stocks are most likely to extend the rally. The damage from Hurricane Ida also in focus: Frank Holland reports from New Orleans on the power outage situation in Louisiana. An executive of a group representing owners of thousands of Louisiana service stations and convenience stores joined the program to discuss how they're coping with gasoline shortages due to Ida. David, Leslie and Mike took a closer look at Cathie Wood's buy on the dips strategy - the tech investor snapped up more than $56-million worth of Zoom Video shares after the stock tumbled on Tuesday. She also bought about 260,000 shares of Robinhood. Also in focus: PVH and Campbell Soup among the biggest gainers on earnings news, Why shares of electric vehicle startup Lucid have taken another big hit, and an eye-opening development in the railroad takeover battle for Kansas City Southern."