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Closing Bell

Closing Bell: Growth Trade Interrupted 5/10/24

Closing Bell

CNBC

Business, News

4.4139 Ratings

🗓️ 10 May 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, Kel, thanks so much. Welcome to Closing Bell on this Friday.

0:03.1

I'm Scott Wobner, live from Post Nine here at the New York Stock Exchange.

0:05.9

And this make-a-break hour begins with the run to record highs.

0:08.5

Probably won't get there today, but sure looks like that's the direction

0:12.2

which we are heading.

0:13.1

We're gonna ask our experts over this final stretch how far this full run can go.

0:16.7

In the meantime your scorecard with 60 minutes to go in regulation looks just like that.

0:21.2

It's been a mixed day for the majors. We are all green

0:24.3

across the board for the week and that's the important part. Remember we

0:26.8

closed above 5200 for the first time in a year yesterday and we're hanging

0:31.0

out, I mean in a month, excuse me and we're hanging out there now.

0:33.7

Utilities, financials, they are among the standouts this week.

0:36.7

Yields are up a bit too on some hawkish leaning fed speaking.

0:39.9

We're going to get to that in a minute as well.

0:41.7

It does take us to our talk of the

0:43.1

tape the rally just how resilient this market can remain. Let's bring in Kevin

0:46.8

Gordon, Charles Schwab. It's good to see you. Welcome back. It's been

0:50.1

a minute. Nice to see you. So, wow, this market's just been incredible.

0:54.0

It's been resilient in the face of so much, theoretically.

0:57.5

It's had this nice bounce back.

0:59.4

What should we make from it?

1:00.4

You know, I think what's nice is that through this mini pullback correction, whatever you want to call it from

...

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