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Closing Bell

Closing Bell: Can Stocks Move Beyond the War? 4/13/26

Closing Bell

CNBC

News, Business

4.4139 Ratings

🗓️ 13 April 2026

⏱️ 43 minutes

🧾️ Download transcript

Summary

Professor Jeremy Siegel from the Wharton School tells us where he thinks stocks are headed. Plus, star retail analyst Matt Boss maps out his playbook for the space. And, Alger’s Ankur Crawford tells us if she thinks tech’s recent comeback is durable.

Transcript

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0:00.0

Welcome to closing bell. Thanks, Brian. I'm Scott Wapner live from Post 9 here at the New York Stock Exchange.

0:05.1

This make a break hour begins with this very resilient stock market. Take a look at the majors here with 60 to go in regulation.

0:12.1

I gather it's a better looking picture than what many expected with that blockade going into effect at 10 a.m. this morning.

0:19.2

The major's all positive. In fact, we've been adding steadily

0:22.3

just before we are coming on the air here at 3 o'clock in the East technology. It's battled

0:27.4

back lately. A strong day. Nasdaq, in fact, going for its ninth consecutive gain today. Looks

0:32.2

like it's going to notch that. It's up almost 1%. You got 190. 190 points for the NASDAQ.

0:37.9

And for a change, would you believe it?

0:40.1

It's software leading the way.

0:43.1

That's right.

0:43.9

Leaders include Microsoft and Oracle, Salesforce, Snowflake Service Now.

0:48.5

They're all having strong days today.

0:50.2

So are IBM and Intel.

0:52.5

The cyber names are nicely green. I haven't seen all that in a while.

0:57.1

How about the private credit stocks? They are solid as well. Take a look across the board.

1:02.5

KKR is up 7% leading the way. Apollo's good for five. And then there's Goldman Sachs. Those shares, they've been lower today.

1:10.1

The firm kicking off

1:11.1

earning season, strong equity trading, strong deal making, those were the bright spots.

1:15.9

The stock, let's be honest, had a nice move into the print, too, and that's probably taking

1:20.0

effect as well. It does take us to our talk of the tape, whether stocks can continue to move beyond

1:25.2

the war and trade higher. We will ask the Wharton schools Jeremy Siegel. That key question in just a moment. First, though, Amon Jabbers has the very latest for us from Washington. The president addressing reporters a little bit earlier this afternoon, and Amon has more for us, as you see at the White House. Hi, Amon. Hey there, Scott. We are now five hours into the U.S.

1:45.2

blockade of Iranian ports. And to our knowledge, at least, the blockade has not been tested

...

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