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Closing Bell

Closing Bell Overtime: Getting Set For Big Tech; More Metals Mania 1/23/26

Closing Bell

CNBC

News, Business

4.4139 Ratings

🗓️ 23 January 2026

⏱️ 43 minutes

🧾️ Download transcript

Summary

Dan Niles of Niles Investment Management looks ahead to a critical earnings slate for big tech when Microsoft, Meta, Tesla and Apple report. Commodities stay in focus with Pippa Stevens and Helen Amos of BMO covering moves in gold, silver, and natural gas. Katie Stockton of Fairlead Strategies explains why the S&P 500 remains stuck near October levels. The broader macro setup with Tim Hayes of Ned Davis Research.

Transcript

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0:00.0

The bell is bringing an end to the trading day and the trading week at the NYSC Zeta Global ringing the bell and at the NASAC, the Partnership for Maternal and Child Health of Northern New Jersey.

0:09.0

Welcome to closing bell overtime live from Studio B at the NASDAQ market site. I'm Melissa Lee alongside Mike Santoli.

0:15.0

Stocks modestly mixed today, the Dow losing nearly 300 points in NASAC higher and the SBB 500 basically basically flat and for the first time this year the Russell 2000 underperforming the S&P a loss of nearly 2% today for the week all the averages in the red but still a big comeback for Tuesday's decline more on this week's action straight ahead there are four mag seven names lower for the year. Apple, Microsoft, Meta, and Tesla,

0:39.4

all of which are reporting next week. We'll look at what's at stake for these struggling big caps.

0:44.4

But emblematic of the shift we've seen so far this year, big percent gains for Boeing,

0:49.5

Caterpillar, and UPS. Those three reporting as well. We'll look at what they need to deliver.

0:54.5

A market team has it all covered. Christina Parks and Nevelis on the wild week for stocks. Rick Santelli looking at the move in the dollar and the yen and Pippa Stevens on metals as silver hits $100 an ounce gold near his 5,000. We start off with Christina for more on this week's big moves. Christina. You guys mentioned it, but stocks really closed out a choppy holiday short and week on a calmer note, let's just say. The S&P 500 clawed back into positive territory for the year up about 1% after President Trump's tariff threats on Europe over Greenland, send markets into the red earlier in the week. Tensions really eased after NATO said they made progress. Today, Microsoft jumped about 4%, adding over 100 points

1:28.9

to the Dow. Goldman fell 3.5, shaving more than 200 points. Intel, can I use the word hammered,

1:33.9

but got hammered, down about 17% on weak guidance and gross margins, worst performer in both the

1:39.3

S&B 500 and the NASDAQ. InVIDIA, on the flip side side rose nearly 1.5% in hopes China would greenlight

1:45.2

H200 AI chip orders, though nothing is confirmed yet. Energy was a bright spot. Every S&P 500

1:51.9

energy stock, or almost every stock, just before it came on set, you had the exception of APA and

1:56.3

marathon, those closed negative on the week. The sector, though, posting its fifth weekly gain

2:01.5

with geopolitical tensions around Iran and Greenland,

2:04.5

really pushing that whole sector higher.

2:06.9

Megacac tech earnings start next week, as you mentioned,

2:09.9

meta, Microsoft, Tesla, Apple,

2:12.0

where investors are really going to scrutinize AI spending

2:14.3

and whether companies are actually monetizing it.

2:16.9

Last but not least, retail

2:17.8

investors still buying every dip. Tuesday was the third largest trading day for the group in a year

2:23.4

as they scooped up stocks while the Dow fell 900 points, guys. They have been proven right. Christina,

...

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