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 stocks closed higher in volatile trading following the Federal Reserve’s policy announcement, and what’s on the radar for the next session. Citadel’s Ken Griffin and the markets Big headlines from one of the world’s most successful investors, Ken Griffin, in an interview with CNBC TV’s Sara Eisen late this afternoon. Thank you to supervising producer Michael Newberg of “Closing Bell: Overtime.” There is a “risk of stagflation.” Griffin is “worried about inflation.” On trade, it is best to be “thoughtful” in negotiating deals. Tariffs will “hit the pocketbook of hard-working Americans the hardest.” ”Tariffs are a painfully regressive tax .” ”All Americans are going to pay with respect to this trade war.” ”Clearly there’s been a pullback by foreign investors from U.S. equities, U.S. debt securities and the U.S. dollar.” Since the election, the Dow Transports are down nearly 17%. Since the election the Russell 2000 is down about 12%. Since the election the Nasdaq Composite is down 3.8%, while the Nasdaq 100 is off 1.8%. The S & P 500 is down 2.6% since the November election, same as the Dow Industrials . The New York Stock Exchange Composite is down 1% since President Donald Trump won the election. .SPX 6M mountain The S & P 500 in the past six months DoubleLine’s Jeffrey Gundlach CNBC TV’s Scott Wapner spoke with one of the world’s biggest names in bond investing after the Fed decision and Fed Chairman Jerome Powell’s news conference . He said, ”The word of the day in the press conference is inflation.” Gundlach also said, ”We don’t know what the tariffs are going to do to inflation.” He thinks ”long-term interest rate could very well be going up.” Gundlach also thinks that ”gold is headed to $4,000 .” Gold futures are now up 28% so far this year. The June contract fell 0.9% Wednesday and settled at $3,391.90. The Great American Consumer Lots of big quarterly reports on Thursday will shed light on where the consumer stands. The following are slated to report in the morning: Crocs , Hanesbrands , Krispy Kreme , Molson Coors , Papa John’s , Peloton , Planet Fitness , Restaurant Brands , Shopify , Six Flags and Tapestry all report. It’s unlikely the reports will be 100% consistent, but it is possible tariffs are a concern for these companies in one way or the other. Crocs is up nearly 8% in three months. Shares are off 39% from the June high. Hanesbrands is down 35% over the past three months. The stock is down 46% from the November high. Krispy Kreme is down about 50% in three months. It’s off 67% from last year’s high. Molson is up about 5% in three months. Shares are down 12% from the March high. Papa John’s is down 12.5% over the past three months. It’s 45% from the November high. Planet Fitness is down nearly 6% in three months. Shares are off 7.5% from the January high. Peloton is down 16% in three months. It’s off 36% from the December high. Restaurant Brands is up 5.9% over the past three months. The stock is 9% from last year’s high. Shopify is down 19.5% in three months. It’s 28% from the February high. Six Flags is down 18% over three months. Shares are off 38.5% from the July high. Tapestry is down 7% in three months. It’s down 18% from the February high. In the afternoon, Affirm , Expedia , Texas Roadhouse and Toast report. Affirm is down 31.5% in three months. Shares are down 37.5% from the February high. Expedia is down 18% since last reporting. The stock is off 20% from the February high. Texas Roadhouse is down 2.6% since last reporting. The stock is down 17% from the November high. DNUT 3M mountain Krispy Kreme in the past three months DraftKings The internet gambling giant reports after the bell. The stock is down 18% in three months. DraftKings is off 35% from the February high. Nvidia’s fight to stay in China CNBC TV’s Kristina Partsinevelos will focus in on Nvidia ‘s battle. The stock up 7.5% in the past week. It is down 23.5% from the January high. NVDA YTD mountain Nvidia in 2025 The Trump administration and chip sales The White House is preparing to end a set of chip export restrictions that was teed up under President Joe Biden. Bloomberg first reported the news. A lot of the chip stocks popped on the news before the bell rang. The VanEck Semiconductor ETF (SMH) was up 2% Wednesday. It is still off 22% from the July high. Qualcomm was the biggest chip winner, up 3.15% in the session. It is 37% from the June 2024 high. Health Care The sector advanced 0.81% during the session. This is after several big news stories hit the sector in the last day or so, all reported by CNBC TV’s Angelica Peebles . This includes details on the “most favored nation status,” which was a proposal during the first Trump administration that stands to lower drug prices in the U.S. by comparing them to what people in other countries pay. Other recent developments include budget cuts that could hurt the industry and news that the U.S. Food and Drug Administration has a chief of vaccines that’s likely to be hard on pharmaceutical companies. Health care is the worst performing S & P sector in the past week. The Pharma, Biotech and Life Sciences S & P industry is down 6.55% in a week, the worst performing of 27 industries. Moderna and Vertex are down around 13% in three days. Regeneron is down 7.4% in three days. Lilly and Pfizer are down about 6% in three days. Sarepta is down 42% in three days. The stock is now down 80% from the June high.
