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Closing Bell

Closing Bell 5/29/26

Closing Bell

CNBC

News, Business

4.4139 Ratings

🗓️ 29 May 2026

⏱️ 42 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

Welcome to closing bell. I'm Scott Wobner, live from Post 9 here at the New York Stock Exchange.

0:04.7

This maker breakout begins with what else. The surging NASDAQ up 8% in the month of May alone.

0:10.9

It stocks from Micron to Snowflake to now Delgo Wild.

0:14.8

We will discuss whether to keep riding that winning trade with top portfolio manager, Ankara Crawford, coming up.

0:21.1

She told you months ago about Nebius, well, it has surged since more than 100%.

0:27.6

Otherwise, stocks, they've been higher throughout the day-to-day on hopes for a final deal with Iran.

0:32.6

Rates and oil falling. That's helping financials and tech.

0:35.6

They are the best sectors. Most others, though,

0:38.0

they're in the red today. So we'll watch all of that as we head towards this close today.

0:41.8

It does take us to our talk of the tape, another new high for the NASDAQ. It tops 27,000 for the

0:47.3

very first time today. The latest stock to surge is Dell following its earnings report, and

0:52.6

Christina Parts of Nevelos has more for us on that.

0:55.7

Hi.

0:57.5

Hi, Scott.

0:58.3

Well, Dell shares are up wet over 25% because Wall Street got this name wrong.

1:03.1

Analysts remodeling roughly $35 billion in revenue.

1:05.8

Dell did almost $44 billion on earnings per share consensus was near $3.

1:10.1

Dell printed just shy of $5.

1:11.6

The bare case has been that AI demand is pulled forward and maturing, but this quarter really

1:16.6

dismantles that.

1:17.6

The AI server backlog for Dell grew again to more than $51 billion.

1:21.6

And traditional servers, this was key, were up 92% year-over-euro's enterprises built out for agentic AI workloads. Del CIO said

...

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