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Closing Bell

Closing Bell: Eli Lilly Expansion, Bitcoin & Leveling the Playing Yield 12/4/24

Closing Bell

CNBC

News, Business

4.4139 Ratings

🗓️ 4 December 2024

⏱️ 43 minutes

🧾️ Download transcript

Summary

From the open to the close, “Closing Bell” and “Closing Bell: Overtime” have you covered. From what’s driving market moves to how investors are reacting, Scott Wapner, Jon Fortt, Morgan Brennan and Michael Santoli guide listeners through each trading session and bring to you some of the biggest names in business.

Transcript

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0:00.0

All right, guys, thanks so much. Welcome to closing bell. I'm Scott Wobner, live from Post 9 here at the New York Stock Exchange. This maker break hour begins with a record high repeat as the S&P and now NASDAQ hit new milestones today.

0:11.0

We'll ask our experts over this final stretch how far this bull market can really run. In the meantime, we'll show you the scorecard here with 60 minutes to go. In regulation, it is green across the board. Tech is leading after Salesforce and Octa earnings beat, those stocks are surging.

0:24.6

NASDAQ is the leader today.

0:26.6

Look at that.

0:27.6

Salesforce good for 9%, Octa better than 5.

0:30.6

Meta, Apple, Amazon, all hitting new highs as the mega caps continue their resurgence today.

0:34.6

Elsewhere, a big slide for Foot Locker.

0:36.6

After its earnings and

0:37.9

guidance mis-expectations, that stock down almost 10%. It does take us to our talk of the tape today.

0:44.9

Where to position for another leg higher in stocks? Let's ask Adam Parker, Trivariate founder and CEO and a

0:50.3

CNBC contributor with me once again at Post 9. Good to see you. Welcome back. Great to see you. You feel pretty good about where this market is. I mean, the momentum seems

0:57.5

kind of clear and obvious at this point, right? Yeah, yeah, it does. I think most of the people I

1:02.0

talk to are just worried about a rotation, whether it's the inauguration in late January,

1:06.7

whether it's Jan 1 or could somehow creep into the second half december but the rotation what

1:11.7

do you mean just kind of a switch of leadership you know maybe kind of a new new winner new loser

1:16.7

i mean look all of us can say there's stocks that are up a lot that maybe shouldn't be there's

1:20.4

stocks that are up a lot that maybe i i can kind of see why they are and then same thing there's

1:24.6

sums that are down a lot you're like really I'm not sure they should be down. And then others that are down, you know, footlocker.

1:29.6

Like, are you sure physical retailers?

1:31.3

Of course they should be down.

1:32.1

Target.

1:32.6

You've been negative, you know, physical retailers for as long as we've been having

...

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