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Closing Bell

Closing Bell: Nvidia’s Record Run & Fed Reaction 6/6/24

Closing Bell

CNBC

News, Business

4.4139 Ratings

🗓️ 6 June 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

Welcome to Closing Bell. I'm Scott Wopner live from post nine here at the New York Stock Exchange.

0:04.0

This make or break hour begins with the rally's next leg.

0:07.0

Whether it hinges more on tomorrow's all-important jobs report or invidious meteoric momentum,

0:12.0

we'll ask our experts over this final stretch.

0:15.0

In the meantime, take a look at the scorecard with 60 minutes to go in regulation.

0:18.5

Stocks are clearly waiting around for the day to dump tomorrow.

0:21.8

Invidia, it's taking a breather today.

0:24.5

A rare respite in that stock's incredible run.

0:27.3

It's a 1,200 bucks.

0:28.2

We'll watch it.

0:29.1

Several other mega cap names are green, including Meta, Meta Amazon Microsoft has been.

0:33.4

It's dipped negative though as we enter this final hour.

0:36.3

Lulu Lemon a standout following its earnings.

0:38.8

A nice jump for a stock that's been pummeled this year.

0:42.2

You know the story there. It's up 5% today, but it was down 40% year

0:46.1

to date going into that print. It does take us to our talk to the tape. Trim or continue to buy in.

0:51.2

Yep, we're talking about NVIDIA because it seems everybody else is too.

0:55.5

The Dean Evaluation called it the greatest momentum company ever built. Others suggest it's gotten

1:00.9

a little too crazy. So who's right? Let's ask Joe

1:03.8

Terranova. Virtus Investment Partners chief market strategist. A

1:06.9

C and B.C contributor, he is at post 9. He does have the J.T. E.

1:10.3

F. in which,idia is the top holding.

...

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