That bell marks the end of regulation Ferretti group, bringing the closing bell at the New York Stock Exchange.

Chris Soud doing the honors at the NASDAQ and record closes for the S&P 500 and the Dow after an Israel-Lebanon ceasefire and Fed minutes that showed more easing in the future.

Though tariff fears weighed on some parts of the market.

That's a scorecard on Wall Street.

But winners stay late.

Welcome to closing bell overtime.

I'm John Ford with Morgan Brennan.

Well, we have a jam-packed show coming your way, including earnings results from Dell,

CrowdStrike, Autodesk, Workday, Nordstrom, Urban Outfitters, and more.

Plus, if that's not enough, two industry insiders weigh in on the impact of President

elect Trump's tariffs on American business. Former Siemens and Alcoa CEO Klaus Kleinfeld

joins us with a look at the potential fallout for metals and tech. And the CEO of home builder

Taylor Morrison, which has been on a hot streak this year, will discuss the impact on

lumber and building materials. As we await those earnings, let's bring in RBC Capital Markets

Head of U.S. Equity Strategy, Lori Kalvasina and Vital Knowledge Founder Adam Krista Fuli. Guys, good

afternoon. So Lori, you're out with your year-end 2025 price target for the S&P 6600, which would be about 10% upside from here.

5,775, bare case as high as 6,700.

What do you think it takes to get us there?

So look, well, thanks for having me as always. And as I think as we look into next year, we see a continued moderation

inflation, which should help keep PE multiples elevated based on our analysis. We also think we're

heading into another year of solid earnings growth and a solid economic backdrop.

And I think one question we have is exactly how strong is the economy going to be?

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