Closing Bell Overtime: Fresh Records for S&P 500, Nasdaq; Intel Hits Record High For First Time Since 2000 4/24/26

Closing Bell

CNBC

News, Business

4.4 • 139 Ratings

🗓️ 24 April 2026

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

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Summary

Our Steve Liesman reports the latest regarding the Powell probe while former Dallas Fed President Richard Fisher weighs in on what it means for the Fed and market confidence. Warren Pies of 3Fourteen Research lays out a bold call: upgrade equities, downgrade bonds and stay long oil. The episode also examines how geopolitical tensions are showing up in corporate earnings. Companies like Procter & Gamble warn of rising commodity costs and growing profit pressure tied to global instability. Adam Crisafulli of Vital Knowledge previews what he calls the most important week of earnings and explains what investors should watch. Intel takes focus as a stock of the week. Frank Lee of HSBC explains why he upgraded the name ahead of earnings—and its more than 20% jump higher. Our Angelica Peebles breaks down new GLP-1 prescription data and the growing valuation gap across healthcare as the weight loss drug market continues to evolve.

Transcript

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0:00.0	The bell's bringing an end to the trading day at the NYSC's sealed air ringing the bell and at the NASDAQ,
0:05.6	Vital Voices Global Partnership, doing the honors. Welcome to closing bell overtime. We are live from Studio B at the NASDAQ market site. I'm Melissa Lee along with Mike Santoli. Got another record closed for the S&P and the NASDAQ, but the Dow unable to hold on to earlier gains. It is the fourth straight positive week for the S&P and the NASDAQ,
0:21.7	doubt staffing a three-week winning streak.
0:23.9	The move higher in the S&P and the NASDAQ,
0:21.7	down staffing a three-week winning streak. The move higher in the S&P supported by, of course, Intel,
0:27.0	which soared 23 percent and hit an all-time high. The gains helping to lift the semiconductor
0:31.8	ETF by almost 5 percent. It's 18th straight day of gains. That's a new record.
0:36.8	Oil retreating from its highs, closing around $94 a barrel and yield ending the day lower.
0:41.7	We start with the big story of the day. The Department of Justice dropped its criminal probe of Fed Chair Jerome Powell.
0:47.2	The move removes a major hurdle to President Trump's nomination of Kevin Worse to replace him.
0:51.9	Steve Leesman joins us with the detail, Steve.
0:54.4	So clarifying most, but maybe not all of this story.
0:58.8	That's right, Mike.
1:00.0	There are some interesting questions here.
1:01.3	The U.S. Attorney for the District Columbia announcing she's dropping a criminal probe
1:04.8	into Fed Chair J. Powell in favor of a probe by the Fed's Inspector General
1:08.8	and apparently clearing the way for the Senate to confirm
1:11.6	President Trump's Fed Chair nominee Kevin Warsh. But there are some, call it some silence this late
1:17.3	this afternoon. Here's what we know and what we've heard and what we've not heard. Piero dropped
1:20.9	the case saying she will not hesitate to restart a criminal probe if warranted. The White House
1:25.4	saying confident the Senate will swiftly confirm Warsh. Tim Scott, the chair of the Senate Bank Committee, says he welcomes the IG report. No comment
1:33.7	on when there would be a committee vote. And Tillis, no comment or from the Fed. No comment. By the way,
	...

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