Closing Bell: Overtime: Averages End First Week Of 2024 Lower; Hottest Sectors for 2024 Dealmaking 01/05/24
Closing Bell
CNBC
4.4 • 139 Ratings
🗓️ 5 January 2024
⏱️ 44 minutes
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| 0:00.0 | All the major indices in the green just barely and I should count the Russell that's down |
| 0:10.4 | Everything down for the week that's scorecard on Wall Street, but winter stay late welcome to closing about overtime. I'm John Fort with Morgan Brennan |
| 0:16.2 | It was a volatile day for the market as a major averages snap a nine week winning streak we started lower we ended higher coming up |
| 0:23.7 | Moody's analytics chief economist Mark Sandy on what the stronger than |
| 0:28.5 | expected a December jobs report could mean for the Fed and the economy |
| 0:32.2 | plus Barclays co-head of investment banking, Taylor rights on which sectors could see the |
| 0:37.3 | most M&A activity this year. |
| 0:39.7 | Well, let's get more on this rough starts the year for the market. |
| 0:42.6 | Mike Santoli joins us now from the New York Stock Exchange. |
| 0:45.2 | Mike, I mean, we just said it. |
| 0:47.1 | It was a volatile day. |
| 0:48.2 | We started lower. |
| 0:49.0 | We ended higher. |
| 0:50.2 | We had a hotter than expected jobs report. We had a softer than expected ISM services report. |
| 0:55.6 | What to make of it all? |
| 0:56.6 | You know, Morgan, it seems as if the market was a bit apprehensive in terms of how to interpret |
| 1:01.8 | the economic data, but it didn't stray too |
| 1:04.3 | far from the premise that we have a slowing economy but one that's not falling apart. |
| 1:08.4 | There's still support of worker income growth. You still basically have the unemployment rate at 3.7 |
| 1:14.5 | i. S. M. Services can we shrug it off can it bounce back? That's a question right |
| 1:18.4 | here. I don't think the market wants to see a lot more weakness. But at this point |
| 1:22.0 | after a nine week 16% rally in the S&P 500 |
... |
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