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Closing Bell

Closing Bell: Finding the Market's Next Catalyst 6/21/24

Closing Bell

CNBC

News, Business

4.4139 Ratings

🗓️ 21 June 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

Click on a timestamp to play from that location

0:00.0

All right guys thanks so much welcome to closing bell. I'm Scott

0:02.4

Wapner live from post nine here at the New York Stock Exchange. This make

0:05.3

a break hour begins with invidious quick correction whether it's time to sell the

0:08.8

hottest stock in the market or just continue to buy it. We'll ask our experts over this final stretch. Take a

0:14.0

look at the scorecard with 60 minutes to go in regulation fairly muted action

0:17.9

today but as you know that could certainly change over this last hour. It is triple witching Friday. It's a period

0:24.5

when several options contracts all expire at once. It can get a little

0:27.9

volatile, could get a little interesting. That's why we're here. We'll take

0:31.0

you right up to the finish and see what happens. Let's zero in

0:34.0

though on NVIDIA. Those shares are under some pressure yet again today. The

0:37.6

stock falling 10% from its peak yesterday to the low this morning. Some buyers

0:42.3

coming in or at least attempting to but

0:44.1

the stock is still down 3%. We discuss where it could really go from here. It does

0:48.7

lead us to our talk of the tape, whether Invidia's meteoric rise has happened too fast and if that incredible

0:54.0

run is left the market unstable now. Let's ask our panel. Malcolm Etheridge is

0:58.5

Vice President of CIC, Wealthrin, Talkington, requisite capital, Stephanie Link, High Tower, all three are

1:04.4

C and B.

1:05.4

Good to have everybody here.

1:07.4

Brent, I'm going to begin with you because you're the one who owns Invidia.

1:11.3

As I said, it had this quick correction of 10%. What do we make of that?

1:17.0

Are you are should we be concerned about where this stock is today?

1:20.4

I think it's so healthy we would be concerned if it just continued to go up two to

...

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