Closing Bell: Late-Year Surge in Store? 10/13/23
Closing Bell
CNBC
4.4 • 139 Ratings
🗓️ 13 October 2023
⏱️ 43 minutes
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| 0:00.0 | Welcome to Closing Bell. I'm Scott Wopner on this Friday live from Post 9 here at the New York Stock Exchange. |
| 0:05.0 | This make or break hour begins with the final stretch of a volatile week. |
| 0:08.8 | Earnings underway about to get busier, interest rates falling, but raising new questions about the state of the U.S. |
| 0:14.8 | economy, the war in the Middle East impacting gold and oil markets. |
| 0:19.0 | In other words, your money being pulled in multiple directions as we track every move today as always. |
| 0:23.4 | Here's your scorecard with 60 minutes to go with regulation stocks. |
| 0:26.5 | We're doing pretty well. |
| 0:28.0 | Well, until late in the morning when a consumer confidence number came in well below estimates |
| 0:32.2 | and a read on inflation expectations. |
| 0:34.5 | Well that was higher than anticipated. |
| 0:36.4 | And that all but nullified the pop that some of the banks gave the market on a series of |
| 0:40.3 | better than expected earnings reports. |
| 0:42.1 | J.P. Morgan, well, cities got negative too, but J. PM and Wells Fargo are still nicely positive. |
| 0:47.0 | Bright spots on an otherwise topsy-turvy day. |
| 0:50.0 | Boeing is one of the Dow's worst performers today. |
| 0:53.2 | More issues with the 737 max emerging that stock down by more than 3%. |
| 0:58.7 | And as for tech, it is the biggest loser, every mega cap name losing some altitude today. |
| 1:05.0 | Meta, one of the worst performers along with NVIDIA takes us to our talk of the tape. |
| 1:10.0 | Whether stocks can have a late year surge or not. |
| 1:13.0 | Let's ask two market watchers on two sides of that argument. |
| 1:17.0 | BMOs Brian Belzky, he says investors shouldn't fear rising rates. |
| 1:21.0 | And Cantor's Eric Johnston who argues stocks are likely going a lot lower. |
... |
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