Closing Bell Overtime: Dow and S&P Close at Records 2/22/24

Closing Bell

CNBC

News, Business

4.4 • 139 Ratings

🗓️ 22 February 2024

⏱️ 47 minutes

🔗️ Recording | iTunes | RSS

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Summary

Both the Dow and S&P saw record closes today following Nvidia’s strong earnings report. CNBC’s Bob Pisani breaks down those big moves in the market. Plus, Jon Fortt caught up with the Nvidia CEO Jensen Huang about the company’s blockbuster quarter. Analyst Dan Dolev from Mizuho gives his instant reaction to Block’s earnings report. And, top technician Jonathan Krinsky is highlighting two parts of the market – outside of tech – that he thinks investors should be watching right now.

Transcript

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0:00.0	A 2% day for the S&P first time we've seen that type of move in a year.
0:04.0	That's the scorecard on Wall Street.
0:06.0	Record closes for the Dow and S&P after Invidious Strong Earnings Report right here on overtime yesterday.
0:12.0	The action though is just getting started and we have
0:14.4	more earnings coming up this hour. Welcome to Closing Bell overtime I'm
0:18.5	Morgan Brennan with John Ford. We are awaiting those key earnings from Block
0:22.0	into it booking, and more.
0:24.4	We're going to hear from the CEO of Intuit before he speaks to analysts.
0:28.4	Plus, I spoke with the video CEO Jensen Huang after the earnings call yesterday got some answers on growth that he
0:34.0	didn't share with analysts will bring you the highlights of that conversation
0:37.8	coming up and Morgan that was just such a big report in overtime yesterday.
0:44.4	I think technology was the only sector in the red yesterday
0:48.0	and now, you know, today it closes up.
0:51.0	Let me take a look here.
0:57.3	Four and a third percent for the day, you know, invidia leading on that count and right behind it, well right ahead of it,
1:02.1	super micro, up 32%.
1:04.5	So that happened, back up near a thousand a share.
1:07.5	But behind it, you've got Crowd Strike up 6%.
1:10.6	It was trading down in sympathy with Palo Alto networks and sort of that security trade even though its earnings had been pretty good crowd strikes earnings had been pretty good and now you see it bouncing back today
1:21.3	Yeah SMH the semiconductor ETF record high
1:25.4	Invidia a record high every sector in the S&P in the green except for
1:29.9	utilities it was risk on today let's bring Bob Passani back in so we can talk
	...

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