Closing Bell: Market Foundation Showing Cracks? 2/5/24
Closing Bell
CNBC
4.4 • 139 Ratings
🗓️ 5 February 2024
⏱️ 43 minutes
🧾️ Download transcript
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| 0:00.0 | All right, thanks so much. Welcome to Closing Bell. I'm Scott Wapner live from |
| 0:03.4 | Post 9 here at the New York Stock Exchange. This make-or-break hour |
| 0:05.9 | begins with stocks under some pressure amid new questions about the |
| 0:09.5 | durability of this rally. We'll ask our experts over this final stretch if the surge is once again to top heavy |
| 0:15.0 | in the meantime your score card with 60 minutes to go and regulation looks like that |
| 0:20.0 | been a bit of a turnaround for the Nasdak and the S&P threat to go positive here. |
| 0:24.0 | Dow's been under pressure and most of the day, but that's really been on weakness from |
| 0:27.7 | McDonald's and Boeing. |
| 0:29.2 | The Russell getting ripped a bit today on a big jump in yields following more hot economic data this morning. |
| 0:34.4 | And also perhaps the fallout from Fed Chair Powell's comments last night on 60 minutes about a push |
| 0:38.8 | past March for that first rate cut. |
| 0:41.6 | Does take us to our talk of the tape worries once again |
| 0:44.2 | the rise in stocks is too narrow that the so-called foundation of this market is |
| 0:49.1 | starting to show some cracks and could be in bigger trouble if the mega cap names start to falter. |
| 0:54.9 | One name for us in focus today, Apple, that stock has underperformed the others in the group |
| 1:00.2 | over concerns over its sales growth among other issues. |
| 1:03.6 | Nice move today though. |
| 1:04.8 | There it is up 1.5% almost 190. |
| 1:07.1 | Let's welcome in Morgan Stanley's Eric Woodring. |
| 1:09.1 | He covers that name for that firm and he's here for his first interview post earnings welcome |
| 1:14.8 | back it's good to see you thank you Scott what's your overall I mean what a nice move |
| 1:18.4 | today it's moves since earnings and a nice reversal too what's your overall |
... |
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