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Closing Bell

Closing Bell 11/17/23

Closing Bell

CNBC

Business, News

4.4141 Ratings

🗓️ 17 November 2023

⏱️ 47 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

Live from Post 9 here at the New York Stock Exchange. This make a break hour begins with the fate of the rally as stocks rise for a third consecutive week.

0:07.0

Only question now, how long can it last? We'll ask our experts during this important final stretch.

0:12.0

There's your scorecard with

0:12.9

60 minutes to go and regulation we're green across the board looks a little

0:16.3

muted for sure but consider the week itself as the markets have rallied in a big way

0:21.4

especially areas that have seen the love go elsewhere for the better part of this year.

0:25.4

The equal weight S&P 500 up 3% on the week.

0:29.0

How about the Russell? It's up 5%. Small caps finding a much needed bid. Some love there for materials,

0:35.0

industrial is also nice gainers. As for tech, well it's largely waiting on

0:38.6

NVIDIA earnings on Tuesday that stock rallying from near. Get this, $400 on Halloween. Well now it's pushing 500, just six bucks

0:46.0

short of that. If there's a pain point, it's energy. That's sector, one of the weakest.

0:51.3

Crude continuing to pull back. Yes, it's having a nice move today, but look at the week.

0:56.8

It's just up better than 1%. So it's an underperformer across the board.

0:59.7

Yields as well, they come, they continue to come down. and we'll keep our eye there over this

1:04.0

final stretch ten year at 443 takes us to our talk of the tape the runway for the

1:08.5

rally whether the Bulls are correct they say it's getting longer is that true let's ask Dan

1:14.4

greenhouse of solace alternative asset management here with us once again at

1:18.1

post nine is that is that choose there is the bull case getting better yeah I think the bull case has been getting better for some time now.

1:25.8

More credible now?

1:26.8

Sure.

1:27.8

And listen, with respect to the earnings this week, I think on balance, there wasn't too much to worry about.

1:34.0

Obviously there's a wide variety of retailers to have reported this week.

...

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