Closing Bell: Goldilocks Era Over? 3/18/24
Closing Bell
CNBC
4.4 • 139 Ratings
🗓️ 18 March 2024
⏱️ 42 minutes
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| 0:00.0 | And welcome to closing bell, I'm Mike Santoli in for Scott Wopner. |
| 0:04.4 | This make-a-break hour begins with stocks working hard to hold gains with the |
| 0:08.2 | help of Alphabet and Apple for a change as the street waits for a pair of crucial events in coming days. |
| 0:14.4 | Invidia shares, up pretty small, especially for invidia, |
| 0:18.0 | ahead of CEO Jensen Wong's keynote in the next hour. |
| 0:21.3 | You see it up less than 1% there while Treasury yields pushed to three month |
| 0:25.3 | highs as suspense bills over a Fed meeting that comes after an uptick in inflation has stoked |
| 0:30.9 | more uncertainty over the outlook for rate cuts 435 on the 10 years. |
| 0:36.1 | So here's your scorecard. |
| 0:37.5 | The S&P 500 has been higher all day. |
| 0:40.8 | It is definitely a top heavy move. |
| 0:42.4 | You see it there up 8 tenths of 1% the |
| 0:44.6 | equal weighted S&P is up about half a percent NASDAQ is ahead by a full |
| 0:49.2 | percent otherwise mixed tape alphabet though as mentioned popping this morning it is now |
| 0:55.1 | up four and about 4.3 percent it actually has been the biggest upside contributor |
| 0:59.9 | Apple is is ahead as well 1.4% on reports that Apple might use Google's |
| 1:05.0 | Gemini AI capabilities in iPhones. So with the 10 year in the 430s and |
| 1:11.0 | W. T. T. I. crewed up another couple of percent to its highest price since |
| 1:15.4 | Halloween. That is behind part of the Fed's suspense. This all leads us to our talk of the |
| 1:20.4 | tape after a four-month rally based on a Goldilocks economy AI excitement |
| 1:24.6 | and the prospect of an easier Fed is the playbook changing as the first quarter |
| 1:28.4 | winds down let's ask Adam Parker trivariate research founder and CEO and a |
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