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Closing Bell

Closing Bell Overtime: Goldman’s AI Software Playbook; Top Picks in Precious Metals and Small Caps 10/8/25

Closing Bell

CNBC

News, Business

4.4139 Ratings

🗓️ 8 October 2025

⏱️ 43 minutes

🧾️ Download transcript

Summary

Markets weigh the ripple effects of the ongoing government shutdown as Kevin Mahn (Hennion & Walsh Asset Management) gives his analysis. John Ciampaglia (Sprott Asset Management) responds to Ray Dalio’s bold call to put 15% of portfolios in gold. Goldman Sachs’ Kash Rangan joins from San Francisco to discuss the key debates around the AI trade in software stocks. Our Robert Frank digs into where the crypto rich are really spending, and Federated Hermes’ Stephen DiNichilo breaks down a rally in small caps. Plus, a look ahead to Delta’s earnings with Jefferies’ Sheila Kahyaoglu.

Transcript

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0:00.0

That's the end of regulation. Newvation Bio ringing the closing belt in New York Stock Exchange,

0:04.0

turned therapeutics doing the owners at the NASDAQ. Markets bouncing back after a down day. The S&P 500

0:09.9

now up seven of the last eight sessions. It just closed at a new record high right along with the

0:15.2

NASDAQ. And we're still waiting for it to settle. But the Russell 2000 looks like it's closing

0:19.0

at a record high as well.

0:25.5

We go back a little further. It has been six months since the market lows following the tariff turmoil of early April. The S&P 500 closed below 5,000 on April 8th. It was the only day

0:31.8

that happened, dating back to February of 2024. It's up 35% since then.

0:38.4

Tech and industrial is the top sectors today, Staples Energy, the decliners, another all-time

0:43.8

high for gold as well.

0:45.3

Yesterday, topping 4,000 for the first time, now trading closer to 4,100.

0:50.5

Well, that's the scorecard on Wall Street, but winter stay late.

0:53.1

Welcome to closing bell overtime.

0:54.3

I'm John Fort in San Francisco and Morgan Brennan, of course, back at CNBC headquarters.

1:00.4

And we've got much more on that record run in gold.

1:03.5

Some big names saying stock up, but there's one person who says, yes, gold is hot now,

1:08.3

but over the wrong run, stocks always outperform. We'll debate it.

1:13.7

And the weather's getting cooler. The leaves are turning. Must be earning season. Delta Airlines reporting tomorrow, everything you need to know before those numbers.

1:22.6

Well, let's begin with the markets as stocks resume their winning ways. Yesterday's tech losers became today's

1:27.9

tech winners. Christina Parsnevallis is here in studio and she's got more on today's record action.

1:33.8

Yeah, you said at the S&P 500, NASDAQ hitting fresh record closes today with the AI trade catching

1:38.7

a bounce after Tuesday's sell-off. And that's helping utilities as well as industrials. Both sectors

1:43.6

hitting all-time

...

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