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Closing Bell

Closing Bell Overtime: Dow’s Record Day 5/17/24

Closing Bell

CNBC

News, Business

4.4139 Ratings

🗓️ 17 May 2024

⏱️ 44 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

I don't know Scott maybe the Dow definitely ends the week with another record closed

0:08.3

that but is it over 40 k we got to wait for we got to shake it and let it settle. That's a score cut on Wall Street, but

0:15.1

winners stay late, especially to see if we closed above 40K for the first time. Looks like maybe

0:20.5

we did it. Welcome to close some bell overtime. I'm John Ford.

0:24.0

Morgan Brennan is off today.

0:25.0

And the Blue Chip Index now in a five-week winning street while the S&P 500 and

0:29.2

NASDAQ are higher for four straight weeks coming up Mercer's US Chief Investment Officer

0:34.8

Olao Aganga on where she sees buying opportunities as the market keeps heading

0:39.6

higher and later the CEO of Massimo speaks for the first time since the latest proxy fight back and forth against the health technology consumer products company.

0:49.0

But first we begin with the markets finishing a strong week of gains with the Dow yes closing above 40 k for the first time ever all three major averages are up well above 1% for the week and joining us now is

1:03.8

Depak Puri of Deutsche Bank.

1:06.6

Depak, good to have you.

1:08.3

So I won't necessarily ask you to talk just about Dow 40k that we do have to mark the moment.

1:14.9

It was a strong weak overall.

1:17.6

We're probably in a stronger position than a lot of people thought we would be at this

1:22.2

point in the year. Any significance to the

1:25.8

tech news we're getting next week in getting this to continue?

1:31.0

No, absolutely, John. First of all, great to be with you. It's a historic day, 40K Abondau.

1:37.0

I think part of the rally that we have seen is really driven by the fundamentals and we're going to see big news on the fundamentals

1:43.6

come next Wednesday. So I think the market is a little bit you know preparing

1:48.0

itself because it expects a pretty bumper draw I guess. Okay let, let's add in Scott Cronert, City Research Head of U.S. Equity Strategy.

1:58.0

Scott, happy Friday.

...

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