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Closing Bell

Closing Bell: Gloom or Boom in June? 6/3/24

Closing Bell

CNBC

News, Business

4.4139 Ratings

🗓️ 3 June 2024

⏱️ 42 minutes

🧾️ Download transcript

Summary

Stocks started the month with a good amount of red on the board. So what’s next for your money in the month of June? Gabriela Santos from JP Morgan Asset Management and Invesco’s Kristina Hooper break down their forecasts for the weeks ahead. Plus, shares of Nvidia and AMD moved in opposite directions. Big Technology’s Alex Kantrowitz discusses how he views the space right now. And, Goldman Sachs Vice Chairman – and former Dallas Fed President Robert Kaplan – maps out what he thinks the Fed will do at the next few meetings.

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 out begins with this swoon to begin June and whether it means anything for where stocks might trade as this new month begins.

0:13.0

We'll ask our experts over this final stretch.

0:15.0

We'll also be joined in just a little bit by former Dallas-fed president

0:19.0

Robert Kaplan.

0:20.0

He's now the vice chairman at Goldman Sachs.

0:21.0

He'll be at post nine shortly look forward to

0:23.7

that. Let's show you the scorecard with 60 minutes to go in regulation in this

0:27.8

first trading session of June. Dow's off the lows still a weekday was down

0:32.3

more than 400 we're still still down 2 thirds of 1%.

0:35.2

S&P is about a quarter of a percent loser.

0:37.8

The NASDAQ trying to get something going as this last hour begins, got a little bit of work to do as you see weaker economic

0:44.6

data today sending both stocks and yields lower and that's a big part of the story

0:48.6

most sectors remaining in the red although even that's trying to turn just a little bit I see three on my

0:53.8

screen that are now green we'll track it financials industrial materials

0:57.4

among the biggest losers today so watch that as well the outlier but else

1:01.5

in video it's higher again and that's along with

1:04.7

Apple and meta as you see meta having a nice day they're up here 2% does take us to

1:09.3

our talk of the tape the road ahead for your money a stock start June with a good amount of red on the board today.

1:15.0

Let's welcome in Gabriela Santos, Chief Market Strategists for J.P. Morgan Asset Management and

1:20.0

Christina Hooper.

1:21.0

Investco's chief global strategist, both as you see here joining me at

...

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