Closing Bell: Can Stocks Keep Climbing? 8/21/24
Closing Bell
CNBC
4.4 • 139 Ratings
🗓️ 21 August 2024
⏱️ 42 minutes
🧾️ Download transcript
Summary
Transcript
Click on a timestamp to play from that location
| 0:00.0 | All right guys thanks so much welcome to closing bell and Scott Wotner live and post nine here at the New York Stock Exchange |
| 0:04.9 | Let's make a break out begins with stocks on the run the S&P back at a round number all eyes now on Jackson |
| 0:10.2 | Holware Fed Chair Powell either confirms what the markets thinks will happen |
| 0:14.7 | with interest rates or disappoints. We'll ask our experts over the final stretch what's |
| 0:18.2 | likely to happen. In the meantime, here's your scorecard with 60 minutes to go and |
| 0:21.6 | regulation stocks modestly higher, though there were some gyrations earlier today following big downward revisions to the employment numbers. |
| 0:29.0 | Yield did slip on that news. We're holding positive though. Now on stocks |
| 0:34.2 | target what's the big story of the day? That's after its same store sales |
| 0:37.8 | numbers exceeded expectations. The company giving a pretty muted |
| 0:41.1 | outlook though, never mind that. Stocks good for 12%. |
| 0:45.0 | A nice day for TJX following its own earnings. |
| 0:48.3 | We'll follow that one too up near 6%. |
| 0:50.7 | It does take us to our talk to the tape, whether there's just enough good news to keep stocks climbing towards new record highs |
| 0:56.2 | Let's ask high tower Stephanie link beimos Brian Belzky |
| 0:59.0 | Thornburg's Emily Lavelle step step I'll begin with you Emily Lavell, Steph, staff is a CMBC contributor. |
| 1:03.3 | Step, I'll begin with you. |
| 1:05.0 | I guess that's the question. |
| 1:05.8 | Is there enough good news to just keep this trend intact? |
| 1:09.3 | I don't like the setup into Friday, Scott. |
| 1:11.2 | I really don't. |
| 1:11.9 | No, I don't. We are up 8% from the lows and the |
| 1:16.0 | expectations for the Fed to be very dovish really is prevalent. Three cuts are what most people are thinking between now and the end of the year. |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from CNBC, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of CNBC and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.

