Closing Bell: Awaiting Key Inflation Print & Bank Earnings 7/10/24
Closing Bell
CNBC
4.4 • 139 Ratings
🗓️ 10 July 2024
⏱️ 43 minutes
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| 0:00.0 | Kelly, thanks so much. Welcome to the closing bell I'm Scott Wobder live from |
| 0:03.6 | Post 9 here at the New York Stock Exchange. This make a break hour |
| 0:06.1 | begins with a rate cut rally. Stocks extending their record highs as |
| 0:09.7 | Fed Chair Powell continues to make the case for lowering interest rates, likely in the months ahead, |
| 0:14.6 | yields falling, the major average is rising, and now most wondering how long it can all last. |
| 0:18.6 | We will ask our experts over this final stretch. |
| 0:21.3 | Take a look at the scorecard with 60 minutes to go in regulation |
| 0:24.0 | with the highs of the day. Dow is good for near 250. S&P crossing 5600 for the first time ever, |
| 0:30.4 | 5618, that's where it sits. |
| 0:33.0 | Nasdaq's up by nearly 1%. |
| 0:35.0 | Tech is good today, materials. |
| 0:37.4 | They're among the best sectors. |
| 0:38.7 | The semiconductor index hitting another new high. |
| 0:41.6 | And how about Apple? Up for a seventh day in a row we're going to |
| 0:44.8 | have a report on that coming up as well today takes us to our talk of the tape the |
| 0:48.7 | market move ahead of tomorrow's inflation report incoming bank earnings let's ask ask strategy. Let's talk it with |
| 0:54.2 | Dan Greenhouse of Solis alternative asset management here with me at |
| 0:57.7 | post nine. Do you think I framed this right? A rate cut rally? Because I think |
| 1:01.7 | over the last couple of days the chair was |
| 1:04.2 | pretty dovish on the hill and continues to set the table for what's going to |
| 1:09.2 | happen in we think a couple of months yeah I think that's right i don't think he said |
| 1:14.2 | anything new |
... |
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