Closing Bell: 3-Day Win Streak, Buyer Beware & SAP CEO On I.T. Spending 10/25/22
Closing Bell
CNBC
4.4 • 139 Ratings
🗓️ 25 October 2022
⏱️ 43 minutes
🧾️ Download transcript
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| 0:00.0 | Stocks are jumping again, extending a strong three-day rally, putting the Dow on pace |
| 0:07.1 | for its best months since 2020. |
| 0:09.8 | This is a make-or-break hour for your money. |
| 0:12.0 | Welcome, everyone, to Closing Bell. |
| 0:13.4 | I'm Sarah Eisen. |
| 0:14.6 | Take a look at where we stand right now in the market up 268. |
| 0:17.0 | High of the day was up 305. |
| 0:19.8 | Going strong, look at the NASDAQ, |
| 0:21.4 | leading the charge up almost 2% as we are seeing |
| 0:23.8 | relief in the bond market. There's buying there that's pressuring yields lower |
| 0:28.2 | it's helping those tech stocks and everybody else rally today except for energy. |
| 0:31.6 | It's the only sector in the red right now. |
| 0:33.7 | Everyone else is higher. The best performing groups, real estate materials, |
| 0:37.5 | consumer discretionary. As I mentioned though, technology up almost 2%. The high of |
| 0:42.2 | the day for the Nasdaq was up |
| 0:43.2 | 234 up about 200 right now. Check out some of today's key earnings |
| 0:47.0 | movers. That is very much part of the story today. Coca-Cola feeding estimates |
| 0:51.2 | raising its outlook. Stock is responding well, GM also topping |
| 0:54.9 | estimates, 3M missing on revenue citing the strong dollar, which by the way is weakening |
| 1:00.4 | about a percent today, and UPS having a mixed quarter the stock is lower by |
| 1:05.0 | less than half a percent coming up on the show today you will hear from the CEO of |
| 1:09.3 | another earnings mover European software giant SAP will get a good read from him on corporate |
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