Closing Bell: Bet on a Year-End Rally? 10/31/23
Closing Bell
CNBC
4.4 • 139 Ratings
🗓️ 31 October 2023
⏱️ 43 minutes
🧾️ Download transcript
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| 0:00.0 | Welcome to Closing Bell. I'm Scott Wobner live from Post 9 here at the New York Stock Exchange. |
| 0:03.7 | This make-a-break hour begins with all that is riding on the next few days. The Fed decision tomorrow, |
| 0:08.4 | Apple earnings on Thursday jobs report to end the week. Those events surely to decide whether the best month of the |
| 0:15.1 | year historically for stocks gets going with a boom or bust. In the meantime |
| 0:19.9 | your scorecard with 60 minutes to go and regulation feels a little bit of a |
| 0:23.4 | wait and see for the markets as stocks go for their second straight |
| 0:26.3 | update we're adding a little bit there's the Dow third of 1% S&P 2 thirds |
| 0:30.5 | Nasdaq's green Russell Green, yields are playing. |
| 0:33.4 | We'll tell you about those in the second two, doesn't mean there aren't some big movers |
| 0:36.4 | as this final stretch begins though. |
| 0:38.4 | Caterpillar dragging the Dow, it reports earnings, warns of softening demand in China. |
| 0:43.0 | It's one of the weakest stocks today, down more than 6%. |
| 0:45.4 | How about VF Corp? |
| 0:46.7 | Sliding as it launches a big restructuring cuts its dividend. |
| 0:49.8 | Look at the stock down 15%. |
| 0:52.1 | Pinterest, though, it is surging on its own earnings as we highlight |
| 0:55.8 | one of the biggest up movers today near 19% elsewhere financials higher definitely |
| 1:01.1 | a defensive tilt, somewhat today. |
| 1:04.5 | Utilities remain one of the better sectors, there you go, but financials leading the way. |
| 1:07.9 | As for interest rates, well with the Fed meeting underway, 10-year holding steady below 4.9%. 487 is where we are. |
| 1:16.4 | As we begin the final stretch, it does take us to our talk of the tape. |
| 1:19.4 | The great debate over where stocks are heading in the next couple of months. |
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