Closing Bell Overtime: Markets Extend Recent Winning Streak 4/9/26

Closing Bell

CNBC

News, Business

4.4 • 139 Ratings

🗓️ 9 April 2026

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

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Summary

Markets try to refocus on fundamentals despite continued geopolitical uncertainty. Stephen Parker of JPMorgan Private Bank joins explains why markets could shift back to earnings and fundamentals if a ceasefire holds and oil prices stabilize. Gregory Daco, Chief Economist at EY-Parthenon, assesses the outlook for growth and what it means for the Federal Reserve. Stifel’s Brian Gardner on the latest updates from Washington and the evolving ceasefire narrative. In tech Kate Rooney breaks down Amazon CEO Andy Jassy’s latest letter and what it signals about AI spending and investment trends. Andrea Auerbach examines a wave of new IPOs and what it means for market liquidity and investor appetite. John Kolovos of Macro Risk Advisors walks through key technical levels shaping the market’s next move.

Transcript

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0:00.0	The bell is bringing an end to the trading day at the NYSC Mountain ringing the bell, and at the NASDAQ, Suncrete, is doing the honors.
0:10.3	Welcome to closing bell overtime, live from Studio B at the NASDAQ market side.
0:14.3	I'm Mike Santoli. Melissa Lee is off today. Stocks building on yesterday's relief rally, the Dow adding about 300 points, more than half
0:22.7	a percent each upside for the S&P 500 and the NASDAQ. Today's gain bringing the S&P to within
0:28.7	a percent of where it was when the Iran War began and extending its winning streak to seven
0:33.5	sessions. We have not had a longer streak of gains since last April's tariff rebound. And a familiar
0:39.3	theme once again playing out today, semis versus software. The software slumped continuing while
0:44.8	chip names move higher. Let's bring in Christina Parks and Nevels for more on today's big movers.
0:49.6	Christina. And I'll definitely hit those chip names. But stocks, like you said, extending their
0:52.9	winning street for a second day.
0:57.3	Even as oil prices did push higher, energy names the big losers.
1:04.1	Texas Pacific Lent plunged about 15% or 15.5 after our board member Murray Stahl passed away.
1:11.6	His firm Horizon Kinetics is TPL's biggest shareholder that's raising concerns they might sell a part of their stake.
1:17.3	Now to Mike's point about chip stocks, they did shine today, Susquehanna, talking up semi-equipment as saying higher pricing should help margins at applied material in lamb research.
1:21.9	Barclays boosting Marvell to a price target of $150.
1:26.3	And then you had Sandusk jumping roughly 9% from a target price hike from Cantor Fitzgerald.
1:32.7	And then Intel did close hire after Google said it would continue to use future generations of Intel chips.
1:38.5	Though like the TerraFab deal that we had earlier this week, there was no dollar amount, no timeline provided in this deal.
1:46.1	Corweave, another big name, popping more than 3% on a massive $21 billion cloud deal with
1:51.3	meta.
1:51.9	Blume Energy, Renova, Eaton, Carrier, all up as data center power demand remains hot.
1:57.1	And then finally, Disney, edging just a little bit higher after sources told CNBC,
	...

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