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Closing Bell

Closing Bell Overtime: Intel, Oil, and the Data Center Boom: Inside Market Momentum 10/23/25

Closing Bell

CNBC

Business, News

4.8118 Ratings

🗓️ 23 October 2025

⏱️ 43 minutes

🧾️ Download transcript

Summary

Markets react to a flood of earnings and shifting sector stories. Ohsung Kwon, Wells Fargo Chief Equity Strategist, joins to break down where stocks go from here. Matt Bryson of Wedbush analyzes Intel’s results, while Arjun Murti revisits the oil trade. Plus, Diana Olick unveils CNBC’s new Housing Survey, and Alex Ramirez of Guggenheim explains why data center dealmaking is exploding.

Transcript

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0:00.0

That bell marks the end of regulation.

0:02.0

NYC International Day, ringing the closing bell at the New York Stock Exchange.

0:05.0

Vince Holding doing the honors at the NASDAQ and stocks rebounding from yesterday's losses.

0:09.0

Big jump in oil prices as the Trump administration slaps more sanctions on Russian oil.

0:15.0

Makes for oil's best day in four months.

0:17.0

Given that move, it's no surprise.

0:19.0

Energy is the best performing sector in the S&P 500 today.

0:22.5

Tech, also a big gainer. Staples was the only sector in the red. And before we get to today's

0:28.1

flood of earnings reports, check out the moves from stocks that reported in overtime yesterday.

0:32.7

Tesla with a strong rally off its lows at the open. Big bounce back for IBM, too, down just fractionally at the close,

0:40.5

but couldn't quite turn positive. Huge gains for both Alcoa and Las Vegas Sands. That's a scorecard

0:45.8

on Wall Street, but winter stay late. Welcome to close about overtime. I'm John Ford. Morgan

0:50.2

Brennan is off today. Ahead will get earnings from Intel. The stock is up 60% in the past three months,

0:56.3

driven higher in part by the government's stake

0:58.7

and its partnership with NVIDIA.

1:00.7

So can the company deliver here the numbers and instant reaction?

1:04.6

Plus Wells Fargo's head equity analyst says winners

1:07.2

will keep winning in this K-shaped economy.

1:10.0

He's going to join us with his picks and the catalyst that will keep the rally going.

1:14.1

And is it finally a buyer's market in housing?

1:17.3

We'll have the results of CNBC's new housing market survey.

1:21.4

Now for more on today's markets, let's get to Christina, parts in Everest.

...

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