Closing Bell Overtime: Gold Near All Time Highs, Reddit Shares Rise & China Cracks Down on U.S. Chips 3/25/24
Closing Bell
CNBC
4.4 • 139 Ratings
🗓️ 25 March 2024
⏱️ 43 minutes
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| 0:00.0 | Well the record market rally taking a breather as we kick off the last week of the first quarter that is the scorecard on Wall Street but winners stay late |
| 0:07.1 | Welcome to closing down overtime I'm John Fort Morgan Brennan is off today |
| 0:11.2 | industrials which have been a big driver of the rally lately, are the biggest |
| 0:15.1 | drag on the market while energy is the best performer. |
| 0:18.4 | Boeing, one of the bright spots in the Dow after CEO Dave Calhoun announced he's going |
| 0:22.2 | to step down at the end of the year as the company deals with the 737 Max crisis. |
| 0:27.0 | Coming up, a top analyst on how that Jacob could impact the stock. |
| 0:31.0 | Plus we're going to speak exclusively with the CEO of Massimo on his |
| 0:34.6 | plans to spin off the company's consumer products business. But first, let's get more on this |
| 0:39.7 | pullback. Mike Santoli joins us now from the New York Stock Exchange. |
| 0:43.0 | Mike, just like the market, you got to take a breather, I guess for the past couple of minutes, |
| 0:49.0 | but it seemed like a status quo date for the major average lower but not that much lower the Russell |
| 0:53.4 | actually did the best in the green. I struggle to find a narrative. Is this one of |
| 0:58.8 | those pauses that refreshes? It's not it's not too clear exactly if there was a main driver and that's why the market in this sort of self-satisfied way |
| 1:06.4 | He says we'll probably just kind of turn around and tread water in right near the highs and really no harm done along the way. Even the Russell 2000 |
| 1:15.3 | it's tough to tell a story about that because SMCI remains the largest stock in |
| 1:20.4 | that index and was up huge. |
| 1:22.7 | So it wasn't even really about, you know, |
| 1:25.2 | the little companies that could. |
| 1:27.6 | So I do think that you're in a moment right now |
| 1:30.3 | where we're sitting on a lot of house money the market is outperformed most |
| 1:33.9 | expectations you have strategists increasingly trying to scramble to raise their |
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