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Closing Bell

Closing Bell 5/27/26

Closing Bell

CNBC

News, Business

4.4139 Ratings

🗓️ 27 May 2026

⏱️ 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, Melissa Lee and Michael Santoli guide listeners through each trading session and bring to you some of the biggest names in business.

Transcript

Click on a timestamp to play from that location

0:00.0

Guys, thanks so much. Welcome to closing bell. I'm Scott Wobner live from Post 9 here at the New York Stock Exchange. This maker breakout begins with chips and no dips. Why Micron keeps going up and what could cause it to drop.

0:14.9

Key questions as money continues to flow into that stock and into that space. Let's show you the scorecard here with 60 to go in regulation.

0:23.5

All the majors are on track for record.

0:25.3

Close has been a nice turnaround from what's been a pretty muted session.

0:29.2

Yes, still muted a bit to the upside, but nonetheless, green across the board, yields down,

0:33.7

oiled down.

0:34.7

That's helping sentiment overall.

0:36.6

A new high as well today for the Russell, which has been on

0:38.9

quite a tear lately, the small caps. Look at that. Up 17, near 18 percent year to date. Best performing

0:45.3

of the index is anywhere. Elsewhere, Z scalar, not doing so well, plunging today. Its guidance didn't

0:50.7

meet lofty expectations. Not that it was bad. Just hard to be good enough in this

0:56.5

kind of market. Salesforce and Snowflake, they're in focus today. Both stocks reporting earnings

1:02.1

and overtime. We'll talk to the analyst, Dan Ives, about that trade coming up. Stephanie

1:07.0

Lynxie's sitting on my left. She's got a lot riding on one of those. It does take us to our talk of the tape. The chip rip and how long that trade can run. Let's bring it Christina parts of nevilos for more as we just watch at least Micron go up, up, up, and away. Yes, to your point, no dips. But the chip rally as a whole is taking a breather today. You can see the socks is down

1:27.8

about 1.5% after five straight days of gains. So definitely context when you zoom out. But memory,

1:34.3

like you mentioned, bucking the trend. Micron just crossed a trillion dollar market cap for the

1:37.9

first time yesterday. And a lot of that moose scot is technical. Upside bets keep building. So the market

1:43.6

makers have to buy to hedge and that

1:45.8

feeds the rally even higher. So it's just a cycle. Momentum favorites are continuing though. The

1:50.6

storage name, Seagate Western Digital. You can see green right now. I was going to say Sandisk was

1:55.2

getting a boost, but you can see it turns negative. I did get an upgrade from Barclays to overweight

1:59.7

with a 2,300 price target shares are only

...

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