Closing Bell 11/9/23
Closing Bell
CNBC
4.4 • 141 Ratings
🗓️ 9 November 2023
⏱️ 43 minutes
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| 0:00.0 | Don, thanks so much. Welcome to closing bell. I'm Scott Wobner live from Post 9 right here at the New York Stock Exchange. |
| 0:06.0 | This make a break hour begins with an historic run for stocks, the S&P going for its longest winning streak in 19 years. |
| 0:12.0 | Well, it has more work to do right now |
| 0:14.0 | than it did a couple hours ago. |
| 0:15.0 | We're going to track the trade over the final stretch. |
| 0:18.0 | 4,400 was in sight. |
| 0:19.0 | We backed away from that a little bit, |
| 0:21.0 | but we'll watch it closely. |
| 0:22.0 | Your score card, with 60 minutes to go in regulation looks like this. |
| 0:25.6 | The major average is heading lower. |
| 0:27.3 | They really started a couple hours ago right at the time of a disappointing bond auction, |
| 0:31.7 | our own Rick Santelli giving it a D-minus. |
| 0:35.0 | Well yields, they spiked, stocks, they fell. |
| 0:38.6 | We need to watch that and then, well piling on a little bit, FedShare J-Pall, he made some comments a little while ago, |
| 0:45.4 | deemed more hawkish than after the recent Fed meeting. |
| 0:48.4 | That took stocks even lower. |
| 0:49.7 | We're going to have more on that with our own Steve Leesman coming up in just a moment. |
| 0:53.2 | Falling yields lately as you know been one of the key reasons why stocks have been on the |
| 0:56.4 | move over the past week or so why this rally has progressed like it has and that |
| 1:01.6 | takes us to our talk of the tape. The catalyst to keep this incredible |
| 1:04.8 | rally going. Do we have one? Let's ask Mira Pandit. Global market strategists for |
| 1:10.0 | J.P. Morgan asset management with us once again at Post 9. Welcome back. It's good to see you. |
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