Closing Bell: Mega-Cap Tech Momentum 7/25/23
Closing Bell
CNBC
4.4 • 139 Ratings
🗓️ 25 July 2023
⏱️ 43 minutes
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| 0:00.0 | Welcome to Closing Bell, everybody. I am Brian. And once again for Scott, |
| 0:03.2 | right, this make or break hour begins with a make or break moment, maybe for mega cap stocks. |
| 0:08.8 | We are an hour away from earnings from both alphabet, Google, and Microsoft. |
| 0:13.4 | Those reports could pop this rally higher, |
| 0:16.4 | or they could derail the tech run. |
| 0:18.0 | So many bulls have been riding. |
| 0:19.6 | All right, we're going to get to all that. |
| 0:20.8 | But first, here is your scorecard on Wall Street we are higher across the |
| 0:24.9 | board not by a lot the Dow is up one tenth of one percent NASDAQ up a |
| 0:30.2 | little bit more all ahead of those reports and of course you know by now if the |
| 0:34.6 | Dow ends today higher and we're close we got an hour to go it will be now a 12 day |
| 0:40.2 | win streak tomorrow if we're up that would tie the all-time record of 13 |
| 0:45.9 | higher days in a row for the Dow we did that only all the way back in 1987 just |
| 0:51.9 | something to talk into the back of your mind heading into the |
| 0:54.6 | clothes and it is not just about tech today could a little up-and-coming |
| 1:00.0 | Arkansas-based retailer actually make you even more money than a Microsoft. |
| 1:04.2 | All right, you could probably guess the stock, Walmart, we're going to dive into it and a very |
| 1:08.4 | bullish call on that name. But let us start the hour with our talk of the tape by diving into tech and your money overall and bring in Trivariats Adam Parker joining us here on set in post nine. |
| 1:21.7 | Do we care 12 days up days up and as a matter? |
| 1:24.0 | It's a neat headline. |
| 1:25.0 | It's a neat headline. |
| 1:26.0 | As you were reading that, I was thinking, what else happened in 1987 when October? |
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