Closing Bell Overtime: How To Play The Latest Record Close For S&P 500; How Big Tech Is Progressing On Its Home-Grown AI Chips 3/27/24

Closing Bell

CNBC

News, Business

4.4 • 139 Ratings

🗓️ 27 March 2024

⏱️ 41 minutes

🔗️ Recording | iTunes | RSS

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Summary

The S&P 500 powered to a record close. We have the names for you that still have room to run higher. BD8 Capital’s Barbara Doran and G Squared Private Wealth’s Victoria Greene break down the market action while Gabelli Funds CIO of Growth Howard Ward talks growth opportunities outside of big tech stocks. Loop Capital analyst Anthony Chukumba reacts to earnings from RH as a read on the high-end consumer. Mercer US CIO Olaolu Aganga on her favorite spots in emerging markets and how to invest in China. Plus, our Kristina Partsinevelos is in Austin, TX to check on the progress hyperscalers are making on their home-grown AI chips.

Transcript

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0:00.0	Well, we just got it at a record close for the S&P 500 is the Benchmark Index and the
0:10.8	Dow snap three-day losing streaks streaks that is the score crowd on
0:14.6	Wall Street but the action is just getting started welcome to closing
0:17.2	bell overtime I'm Morgan Brennan with John Ford yeah the NASDAQ also
0:21.1	snapping a two day losing street led partly by semiconductor names like
0:24.2	Marvell, Intel, and on semi, but the S&P tech sector is in the red.
0:28.9	Utilities and Energy, the big winners there today.
0:31.6	Coming up, MercerS. Chief Investment Officer
0:34.4	on the recent market swings and where in the world she sees the biggest
0:37.7	opportunities right now.
0:39.7	Plus we will have instant analysis of R.H's earnings and the insight that that has on high-end
0:45.9	consumers as those numbers are out, plus what it means for housing.
0:49.7	But first, let's begin with our market panel, B. D8 Capital Partners, CEO Barbara Duran and G-squared Private
0:56.4	Wealth, CIO, Victoria Green. It's great to have you both here. Barb, I'll start with you.
1:01.4	S&P 500 settling here.
1:03.3	It looks like at 5248.
1:05.6	We're coming up on the end of the month.
1:06.7	We're also coming up on the end of the quarter.
1:08.4	We've had five straight months of gains for the S&P. Can it continue here? Are we really poised for a
1:14.8	pullback? Well I think people have been looking for a pullback since the beginning of
1:19.6	January after such a big run at the end of the year.
1:22.6	But it's a bull market and bull markets tend to make new highs.
	...

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