Bulls Rule in 2023, Nvidia's 240% Surge, S&P 500 Hitting 5200 in 2024? 12/29/23
Squawk on the Street
CNBC
4.1 • 567 Ratings
🗓️ 29 December 2023
⏱️ 44 minutes
🧾️ Download transcript
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| 0:00.0 | Market Insight and Analysis. You're listening to the opening bell of CNBC, Squawk on the Street. |
| 0:12.2 | Good Friday morning and welcome to Squack on the Street. I'm Sarah Eisen with Bob Pissani. |
| 0:16.5 | Today, live from Post 9 of the New York Stock Exchange, Carl Jim and David, have the morning off. |
| 0:20.9 | Last trading day of the year, taking a look at futures. Will we get a record close for the |
| 0:26.3 | S&P? I don't know. It looks like another quiet day. Futures pointing up. Dow futures up 12 points. |
| 0:31.6 | Dow, by the way, at a record high. NASDAQ 100 also at a record high. Nasdaq composite down one point here in the pre-market. It's about |
| 0:39.3 | 6% away from its own record high, but having a banner year up more than 44% so far. Our roadmap |
| 0:45.4 | begins with the final trading day of 2023. Best year for stocks since 2019. S&P 500 still on the |
| 0:52.6 | cusp of a record as the stock melt-up continues. Plus 12 stocks in the S&P 500 still on the cusp of a record as the stock meltup continues. |
| 0:56.0 | Plus 12 stocks in the S&P 500 gaining more than 100% on the year. |
| 1:00.4 | We're going to break down the big winners. |
| 1:02.2 | And oil prices heading for their first losing year since 2020. |
| 1:05.5 | WTI crude down more than 20% in the fourth quarter alone. |
| 1:09.9 | We begin with the markets, though, |
| 1:11.6 | and there's a lot to say, Bob, about the performance this year, |
| 1:14.6 | especially in the last month, because we're closing out the month of December |
| 1:18.6 | and the fourth quarter. |
| 1:19.6 | It's been a surprisingly eventful and bullish one. |
| 1:22.6 | I'll just give you one stat. |
| 1:24.6 | So we're now going to close out our nine week of gains for the S&P |
| 1:28.4 | and for the NASDAQ, something we haven't seen in unison, according to bespoke, since 1985. |
| 1:33.9 | It's almost two different years. There's everything up until the end of October, and then |
... |
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