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Closing Bell

Closing Bell: Awaiting Key Inflation Print & Bank Earnings 7/10/24

Closing Bell

CNBC

News, Business

4.4139 Ratings

🗓️ 10 July 2024

⏱️ 43 minutes

🧾️ Download transcript

Summary

What should investors be watching ahead of tomorrow’s data and start of earnings season? Dan Greenhaus from Solus, Stephanie Link of Hightower and Jason Snipe from Odyssey Capital give their takes. Plus, Goldman Sachs Asset Management’s Sung Cho reveals the under-the-radar tech plays he is betting on right now. And, Max Kettner from HSBC tells us how he is navigating stocks in the second half.

Transcript

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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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