Closing Bell Overtime: Defensive Play or Bullish Stay? Markets Digest Nvidia, Microsoft & Debt Drama 5/19/25

Closing Bell

CNBC

Business, News

4.8 • 118 Ratings

🗓️ 19 May 2025

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

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Summary

Markets weigh mega-cap momentum against rising caution with Ryan Detrick of Carson Group and Richard Bernstein of RBA debating. Key takeaways from Nvidia and Microsoft’s moves, while Jason Furman, former CEA Chair, breaks down budget bill risks and the deficit. Plus, Dan Niles weighs in on tech and the economy and why he sees fresh lows later this year and our Leslie Picker on the quiet race to succeed Jamie Dimon.

Transcript

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0:00.0	Well, that bell marks the end of regulation.
0:02.0	North Point Bank shares ringing the closing bell from New York Stock Exchange.
0:05.0	Inact, doing the honors at the NASDAQ and markets ending the day higher with the Dow, the best performer.
0:10.0	Third update in a row.
0:12.0	S&P, eking out a little bit of a gain, roughly flat, notching it's six straight day of gains technically.
0:19.0	Treasury's in focus with a 30 year yield,
0:21.3	crossing 5% touching that level.
0:24.0	That's the highest level since 2023,
0:26.0	though it did close below that.
0:27.8	And healthcare was the sector leader today
0:30.0	with United Healthcare leading those gains,
0:32.7	adding to Friday's gains,
0:34.2	posting its best two day rally for that stock since 2020.
0:38.3	Well, home builders and home-related stocks, though, moving lower today as the 30-year fixed
0:42.8	mortgage rate crosses 7% again, and a number of names hitting all-time highs today, including
0:48.6	Visa, TJX, IBM MasterCard, and Booking Holdings.
0:53.3	Well, that's a score caught on Wall Street.
0:54.8	Welcome to closing about overtime where winners stay late.
0:57.0	I'm John Fort.
0:58.2	Morgan Brennan is on assignment.
0:59.8	Markets shaking off that Moody's debt downgrade.
1:03.0	If you would deny debt and deficits are a problem.
	...

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