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Closing Bell

Closing Bell: Can Anything Stop the Bulls? 1/24/24

Closing Bell

CNBC

News, Business

4.4139 Ratings

🗓️ 24 January 2024

⏱️ 43 minutes

🧾️ Download transcript

Summary

The rally is still rolling on … even as some are now wondering whether stocks are starting to look a little lofty. Ed Yardeni – who is still bullish – is raising some of those key questions. He makes his case. Plus, star analyst Dan Ives of Wedbush breaks down what he is watching from Tesla’s report in Overtime today. And, Kristina Partsinevelos reveals what investors need to be watching from IBM’s report.

Transcript

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0:00.0

All right, thanks so much. Welcome to Closing Bell. I'm Scott Wobner live from Post 9 here at the New York Stock Exchange.

0:05.0

This make a break hour begins with the bull run for stocks, and what if anything can stop it?

0:09.0

We will ask famed market watcher Ed Yardenny in just a moment when he joins me live right

0:14.5

here at the New York Stock Exchange on set in the meantime your

0:17.3

scorecard was 60 minutes to go and regulation looks like this a new milestone

0:21.3

for the S&P today

0:22.8

crosses 4,900 for the first time ever you can see now

0:26.5

it's peeled back a little bit why because I'm going to show you what yields have done

0:30.5

they've moved higher as this day has progressed.

0:33.4

A bit of a squarely bond auction today.

0:35.8

So yields were moving up.

0:37.3

There's the 10 year right now at 418.

0:40.2

So that's a big story.

0:41.7

Tech is 2. Stocks like Netflix,

0:44.0

Invidia, Meta, Microsoft continue to search.

0:46.5

Speaking of Microsoft, it's going for $3 trillion in market cap as a close today.

0:51.5

It already topped it on an intraday basis but we have to watch it now as even it slipped just a bit a little bit. Apple?

0:57.6

Well, it's been in that rare air. You know that stock though as we speak is now red as I look well. It's toe in the line. So keep an eye on apple

1:06.4

It's modestly negative today Tesla shares. They've been choppy too and they're negative now ahead of earnings in overtime star analyst Dan Ives

1:14.5

with us here today as well ahead of that key release so we got a lot to look

1:18.7

forward to now let's zero in though on our talk of the tape the rally

1:21.8

extending yet again even as some

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