Closing Bell: Bank Stock Breakdown, Hot Jobs Report & Fed's Rate Decision 2/2/24
Closing Bell
CNBC
4.4 • 139 Ratings
🗓️ 2 February 2024
⏱️ 43 minutes
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| 0:00.0 | Welcome to Closing Bell on this Friday. I'm Scott Wotner live from Post 9 at the New York Stock Exchange. |
| 0:04.1 | This make a break hour begins with the week that was and the rally that still is. |
| 0:08.3 | So what now with most of the mega caps in the Fed meeting in the rearview mirror |
| 0:12.1 | is it still safe to buy into this |
| 0:14.2 | burst? |
| 0:15.2 | We're going to ask our experts over the final stretch including Funstrats, Tom Lee, in just a moment. |
| 0:20.6 | By the way, we also have Fed Chair, Fed Vice Chair, Rich Vice Chair, the former Fed Vice Chair |
| 0:24.8 | Rich Clarita coming up in just a bit. First though your scorecard was |
| 0:27.8 | 60 minutes to go and regulation looks like that. There is the Dow, it is higher, but |
| 0:32.0 | look at the S&P and the NASDAQ so as we ended half time today I was wondering out loud |
| 0:36.3 | Hey, are we gonna close above 4950 on the S&P 500? I undershot that I think are we gonna close above 4970 on the S&P 500? We'll see over the next 55 or so minutes. |
| 0:49.6 | Dazdak obviously the big winner, Amazon Meta. and those other stocks that are rallying |
| 0:53.8 | surprising not at all that it is the Nasdaq's moment to shine today as those |
| 0:57.8 | stocks look at Meta best day in a year Amazon helping to following its own |
| 1:02.0 | impressive earnings report. |
| 1:03.7 | Apple, well it's been a little volatile in the session following its own quarterly numbers even it |
| 1:08.7 | though has moved green and that says a lot about where this market is. |
| 1:12.4 | Let's take a look at yields. They've been mostly higher after that. that says a lot about where this market is. |
| 1:12.6 | Let's take a look at yields. |
| 1:13.7 | They've been mostly higher after that much stronger than expected jobs report earlier this morning. |
| 1:18.4 | All of it takes us to our talk of the tape, what it will take to keep stocks moving even higher from here. |
| 1:24.0 | Let's ask Fundstratch Managing Partner and Head of Research, Tom Lee. |
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