Closing Bell: A Sign of Something More Serious? 01/18/24
Closing Bell
CNBC
4.4 • 139 Ratings
🗓️ 18 January 2024
⏱️ 44 minutes
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| 0:00.0 | And welcome to Closing Bell. |
| 0:02.8 | I'm Mike Santoli in for Scott Wopner. |
| 0:05.2 | We begin this make or break hour with stops finding some traction |
| 0:08.6 | thanks mostly to Big Tech once again supporting |
| 0:11.1 | an otherwise somewhat wobbly tape. |
| 0:13.9 | You see the S&P 500 up about three quarters of 1% again largely on some of the big tech names. |
| 0:18.9 | And Apple upgrade, upbeat results from Taiwan Semi. |
| 0:22.2 | They have the Nasdak up again in the lead more |
| 0:24.8 | than 1% of the good on the day while investors elsewhere |
| 0:28.2 | unsure what to do with a run of pretty solid economic data that has Treasury yields |
| 0:32.4 | firm near their five week highs. |
| 0:35.1 | The Dow and Russell 2000 getting a modest lift in the past hour or so with the majority of stocks |
| 0:40.8 | across the major exchanges still in the red and that's been a |
| 0:45.3 | pattern for most of the days the last couple of weeks that leads us to our talk of |
| 0:49.4 | the tapes or is this still a routine and needed pause after an overheated rally at the end of |
| 0:54.2 | 2023 where is the pressure building towards something more serious. |
| 0:58.6 | Here to discuss is Dan Greenhouse of Solis alternative asset management, Joe |
| 1:02.4 | Terranova, Verdes Investment Partners, and Victoria. Greenhouse of Solis Alternative Asset Management, Joe Terra Nova, |
| 1:03.2 | of Verdes Investment Partners and Victoria Fernandez of Crossmark Global Investments. |
| 1:07.8 | Joe, of course, a C. M.C. contributor and thanks to you all for being here. |
| 1:11.6 | So Dan, the S&P 500 is almost literally flat year to date. |
| 1:16.3 | You know there are two and a half weeks in. Yep, the majority of stocks have had a pull back. |
... |
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