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Closing Bell

Closing Bell 11/10/23

Closing Bell

CNBC

Business, News

4.4141 Ratings

🗓️ 10 November 2023

⏱️ 43 minutes

🧾️ Download transcript

Summary

From the open to the close, “Closing Bell” and “Closing Bell: Overtime” have you covered. From what’s driving market moves to how investors are reacting, Scott Wapner, Jon Fortt, Morgan Brennan and Michael Santoli guide listeners through each trading session and bring to you some of the biggest names in business.

Transcript

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0:00.0

All right, Kelly, thanks so much.

0:02.3

Welcome to closing bell.

0:03.3

I'm Scott Wabner live from Post Nine

0:04.7

here at the New York Stock Exchange.

0:05.8

This is Make a Break Hour begins with the rally.

0:08.3

Take a look, the scorecard, with 60 minutes to go

0:11.2

in regulation that 4,400 level on the S&P. We are above that. It hasn't closed above there since back in September.

0:18.8

So we're going to watch that over this final stretch elsewhere, strong across the board. a big reason we're here today mega

0:24.4

cap tech several of the big names with really nice gains today apple around

0:28.3

$185 above that level look at Microsoft another new all-time high today and

0:33.7

invidia back above four hundred and eighty dollars that's near seven percent over

0:38.5

the past week that's where the move has been the strongest as a result result, Nasdak, not surprisingly, the

0:43.4

outperformer as it has been for the entire year. If there's a knock this week, it's the Russell 2000. It's been

0:49.5

mired at a long and painful slump even though higher today as I just showed you small

0:53.2

caps can't get much going lately and not the only sputtering sector of stocks that's

0:57.3

for certain which leads us to our talk of the tape does it matter does it make a difference to the rally if it continues to be

1:04.5

led by the biggest names in the market? Let's ask Adam Parker, he is the founder and

1:08.4

CEO of Trivariate Research and a C. M. C. Contributor. Look, that's the knock on

1:12.4

the rally all year. Does it matter or not?

1:15.9

Not really. Not really. I mean, if you're trying to beat the S.P. 500, then you have to own a chunk

1:20.5

of those names. We've been saying that for a couple years and if your job

1:25.1

is to beat the S&P, you got to risk manage those names and get your alf elsewhere.

...

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