Closing Bell 12/2/25

Closing Bell

CNBC

News, Business

4.8 • 118 Ratings

🗓️ 2 December 2025

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

🧾️ 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	Thank you, Kelly. Welcome to Closing Bell. I'm Mike Santoli in for Scott Wapner. We are live from post 9 at the New York Stock Exchange.
0:07.1	This make-a-break hour begins with stocks churning higher within sight of record highs as rapid rotations within and around the AI trade allow the indexes to hold on to most of last week's rebound rally.
0:19.0	That's after Monday's modest pullback in the indexes.
0:22.3	Take a look at the major benchmarks heading into the final hour. S&P 500. It's not too far from
0:28.1	the highs of the day, up about one-third of 1%. We had a little bit of a downside test. Amazon News
0:33.7	kind of got some selling in there, but now we are solidly green. The Dow getting an extra
0:38.7	lift from a pop in Boeing shares, and NASDAQ has been outperforming all day up three quarters of
0:44.0	1%. That's thanks in part to a bounce in Nvidia. As stocks associated with Open AI find some relief
0:50.7	after they were out of favor for a few weeks. We'll try to track it all. Crypto is trading firmer, which has set the stage for a calmer tone in equities today. You see Bitcoin
0:59.7	up now more than 7.5% to almost 92,000 per coin. It takes us to our talk of the tape. Does the
1:07.2	market hesitants start to December, offer any hints about what's to come throughout the month and into 2026?
1:13.6	Let's ask our panel.
1:14.6	So far as Liz Thomas, New York Life's Lauren Goodwin and B&Y Wells, Alicia Levine all here.
1:19.6	It's great to see you all.
1:21.6	Liz, so we had a pretty emphatic 5% rally off of this first 5% pullback in several months. Is it convincing?
1:29.5	Does it mean that we are on reasserted this upward trajectory? And maybe what's been learned
1:34.8	in the process of that sell-off and comeback? Yeah, well, first of all, I think a lot of what
1:39.0	underlays the comeback has been the fact that rate decision, certainty came back into the play, right?
1:45.1	We had 30%, I think, likelihood of a cut at some point in November, and now we're back up
1:49.8	above 90%. I think that's helped. What's comforting about this most recent rally is that it
1:55.0	started in different places than really what got us here all year. So it started to spread out
2:00.4	into other places.
	...

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