Closing Bell: How Far Can the Rally Go? 01/22/24
Closing Bell
CNBC
4.4 • 139 Ratings
🗓️ 22 January 2024
⏱️ 42 minutes
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| 0:00.0 | All right now. I'm Scott Wopner live from post nine here at the New York Stock Exchange and this make a break hour begins with the rally in stocks. |
| 0:06.0 | So let's get right to your scorecard with 60 minutes to go in regulation to see exactly where we stand right now. That's where it is. We're in the green across the board |
| 0:13.4 | Dow trying to close above 38,000 for the first time ever |
| 0:16.8 | as Goldman Sachs United Health and Caterpillar lead the way there. |
| 0:20.8 | Take a look at those stocks nicely in the green today. We're going to watch |
| 0:23.4 | the index's every move over this final and most important stretch. |
| 0:27.0 | Apple, big story today. It's back towards $200 a share, a couple of |
| 0:31.4 | positive mentions today on the street as well those I don't know |
| 0:35.2 | three downgrade or so in the last two weeks seemed but a distant memory. Keep an eye |
| 0:38.9 | of Microsoft too it tries to top 3 trillion in market cap for the first time ever it's been in the red |
| 0:44.4 | though for most of the day of course we'll see what happens here over this last |
| 0:48.3 | hour it is the Russell that's outperforming as small cap stocks get a boost for the market's broadening and |
| 0:54.0 | probably that drop in interest rates as well which takes us to our talk of the tape |
| 0:58.4 | just how far can this rally go let's ask top wealth advisor Cheryl Young of the Rockefeller Global Family Office |
| 1:04.8 | with me back here at post night. Nice to see you again. |
| 1:07.8 | You have a good eye on the market. You always do. That's why you're in the Barron's |
| 1:11.4 | Hall of Fame. That's why you're one the Barron's Hall of Fame that's why you're one of |
| 1:13.0 | Barron's top 100 wealth advisors since 2014 so now we're we are relying on this |
| 1:18.6 | knowledge these accolades where we going from You know, I think the market is priced to |
| 1:25.0 | perfection right now. I mean, we just hit all-time highs today, which is exciting to be |
| 1:28.3 | on the show today. I'm a little worried. And the last few shows I've been on Scott I was very |
| 1:33.8 | bullish I was doubling down on tech the last time we spoke in October and |
... |
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