Closing Bell Overtime: Dow, S&P 500 Cap Best Months Since 2022; RTX CEO On Demand For US Supplies 11/30/23

Closing Bell

CNBC

News, Business

4.4 • 141 Ratings

🗓️ 30 November 2023

⏱️ 45 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Stocks closed out a strong November today – the S&P 500 posted its best month since July 2022 and 10 out of 11 sectors were higher. Our Mike Santoli breaks down the move and what it means. Earnings from Dell, Marvell and Ulta. RTX CEO Greg Hayes on the demand for US supplies around the world in an exclusive interview. Plus, Elon Musk hosts the Cybertruck unveil.

Transcript

Click on a timestamp to play from that location

0:00.0	Well, the Dow is setting a new high for the year on this final day of November and a month
0:08.7	marked by a big rally for the major averages.
0:10.8	That is the scorecard on Wall Street.
0:12.4	The action is just
0:13.3	getting started. Welcome to Closing Bell overtime. I'm Morgan Brennan at
0:16.6	CMC's LA Bureau today. And I'm John Ford at
0:19.5	C. M. C. Headquarters coming up on the show another jam-packed hour of earnings from
0:23.7	chips to the cloud to retail we will get numbers from Marvell, Dell, Pedro Duty
0:28.6	Ulta, and more. Plus we'll bring you an exclusive interview with the CEO of 115 billion dollar
0:34.7	aerospace and defense giant RTX ahead of the Reagan National Defense Forum
0:39.7	kicking off here in California tomorrow.
0:42.8	And we begin with the market as we wrap up a stellar November for the Bulls.
0:47.4	Final tally has the NASDAQ up 10%.
0:50.7	The S&P up 9%, the Dow up better than 8%. Bond yields fell sharply this month and oil prices pulled back as well.
0:59.0	Joining us now is Chris Heisey of Merrill and Bank of America Private Bank Bank, and CMU Senior Markets,
1:03.6	commentator Mike Santoli.
1:05.3	Chris, this is a big month.
1:08.2	Yes, we're above 4,500 on the S&P,
1:10.9	but kind of also right where we were just at the end of August.
1:14.1	So it was like two months down and one big month up.
1:18.0	How should investors think about the setup from here?
1:21.8	Sure, for the rest of the year the month of
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from CNBC, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of CNBC and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.