Potential market movers

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As the three major indexes started September on a downward trend, here’s what CNBC producers were watching and what’s in the spotlight for the next session.

on tuesday, NVIDIA It’s lost more of its market cap in a single day than any other stock. $279 billion. That’s a big number. CNBC’s NYSE reporter Bob Pisani noted that this is the fifth time the stock has lost more than $200 billion in market cap in a single day, but Tuesday’s drop was especially dramatic. The stock is down 9.5%. It’s down 23.3% since June 20. But it’s up 118% in 2024. The stock is down another 2% in after-hours trading. The move comes after Bloomberg reported that the Department of Justice is closely investigating antitrust concerns against NVIDIA.

This segment of the market continued to perform well on Tuesday. SPDR S&P Dividend ETF (SDY) It fell 0.4% on Tuesday, hitting a 52-week high early in trading. Some might say the ETF’s dividend yield is low: 2.4% as of Tuesday night.

The S&P Utilities sector closed flat on Tuesday, but hit a new 52-week high earlier in the day. The sector pays a 3% dividend as of Tuesday’s close. When interest rates fall, some investors turn to utilities, which generally pay decent dividends. Looking back to March 2022, the utilities sector is up 7% since interest rates began to rise. The sector’s Relative Strength Index is at 71. Some traders may consider this figure to suggest that the utilities sector is overbought, but a decline is not necessarily guaranteed. Over the past month, NRG Energy is the best-performing company in the sector, up 14% over the period.PG&E It increased by 8.3% in one month.Constellation Energy It’s up 6.4% in one month. American Water Works It has fallen 2.6% in the past month. A.S. It has decreased by 2.2%. Evergy It has fallen about 0.8% in one month.

The S&P energy sector was slightly lower on Tuesday, down 2.4%, and is now down 9.4% from its April high.Apa It was the biggest drag on prices, falling 6% on Tuesday. EOG Resources and Halliburton It was down 4% during the session.ExxonMobil It fell 2.1% intraday. Chevron It fell 2.2% ConocoPhillips Down 3.46%. CNBC’s Pippa Stevens reports on Wednesday. Brent and WTI are both down 4% in the month. The S&P Energy Sector is flat over the same period.Onoku and Targa That’s a 15% increase in one month. Williams Companies It’s up 8% in that period. APA, Halliburton and SLB were the laggards, with all three down about 6% in the month.

CNBC’s Contessa Brewer covers gambling stocks on Wednesday as we approach the first game of the football season, when the Kansas City Chiefs take on the Baltimore Ravens on Thursday at 7pm ET on NBC and Peacock.DraftKings The stock has fallen 22% since Feb. 12, the day after the Super Bowl. The stock is down 32% from its high in March.Flutter It’s up 3% over that same period. The stock is up 9% from its March high.MGM Resorts It has since fallen 22%. Caesars Entertainment They’re down 19% in that same time 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 its long-awaited list of NFL team values. Don’t miss it. It’s going to be big.

The report will be released before the morning bell on Wednesday.Dollar General They reported last week, and they weren’t pretty. Dollar General’s stock price plummeted after the company reported earnings last Thursday. The stock rose 1% on Tuesday, but is still down about 33% in a week. Dollar Tree is down 45% from its March high. Its stock price is down 14% in a week.