Closing Bell: Broadening Rally Benefiting Bulls? 2/28/24
Closing Bell
CNBC
4.4 • 139 Ratings
🗓️ 28 February 2024
⏱️ 43 minutes
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| 0:00.0 | All right, welcome to Closing Bell. I'm Scott Wabner live from Post 9 here at the New York Stock Exchange, |
| 0:04.5 | and this make a break hour begins with the broadening rally. Just the sign the Bulls have been waiting for. |
| 0:10.0 | The big question, can it last? We will ask our experts over this final stretch. |
| 0:14.5 | In the meantime, take a look at your scorecard |
| 0:16.2 | with 60 minutes to go in regulation. |
| 0:17.9 | The tight day for the major averages, |
| 0:19.5 | which seem to be looking towards tomorrow morning's |
| 0:21.8 | PCE inflation report, what the Fed considers |
| 0:24.7 | its most important reading. |
| 0:26.1 | So we're read across the board modestly so NASDAQ down a little bit more than others. |
| 0:30.0 | We are watching on that note shares of Apple the company holding its annual shareholder |
| 0:33.2 | meeting CEO Tim Cook pledging the company will quote break new ground this year when it comes to |
| 0:38.4 | generative AI okay those shares have been in a bit of a slump lately and really for the past six months elsewhere |
| 0:45.3 | Dow component Sales Force reporting in less than an hour we're going to set you up for that |
| 0:49.1 | As well as we look ahead to overtime. It does take us to our talk of the tape underperforming |
| 0:53.6 | tech and why it might just be a great thing for this bull market work with me here let's |
| 0:59.0 | welcome in Josh Brown he's the CEO of Riddholz wealth management as C and B. |
| 1:03.1 | It's great to have you back. |
| 1:04.4 | So it's Piper Sandler today, which says topping out or broadening out. |
| 1:08.0 | I would say it's, I don't know, feels like no contest, like broadening out. |
| 1:11.6 | Over the last month, |
| 1:12.8 | discretionary is up seven, industrial is up six, |
... |
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