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Closing Bell

Closing Bell Overtime: Markets Power Higher Despite Shutdown, Momentum Overseas & Visa’s Stablecoin Bet 10/1/25

Closing Bell

CNBC

News, Business

4.4139 Ratings

🗓️ 1 October 2025

⏱️ 43 minutes

🧾️ Download transcript

Summary

SEI CIO Jim Smigel on set why markets may look calmer but remain fragile. RockCreek CEO Afsaneh Beschloss breaks down global market momentum as China hits highs not seen since 2022 and central banks ease. Mizuho’s Dan Dolev weighs in on Visa’s stablecoin potential, and our Robert Frank unpacks record wealth concentration at the top.

Transcript

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0:00.0

Well, that's the standard of regulation. Estee Lauder ringing the closing bell, the New York Stock Exchange.

0:04.1

Fermi doing the honors at the NASDAQ and stocks shaking off the shutdown.

0:09.0

Charging higher. The S&P 500 hitting 6,700 for the first time ever.

0:14.1

A new all-time closing high for the Dow as well, fractionally.

0:18.1

The NASDAQ the best performer today, but closing just short of a record.

0:21.6

Healthcare, once again, the best performing sector. That's thanks to drug stocks. Utilities also a

0:26.3

gainer. Materials and financials were among the worst performing S&P sectors. Gold and silver,

0:31.0

though, continue to shine. Higher on concerns about the government shutdown. Those worries also

0:35.8

contributing to gains for crypto.

0:42.0

Bitcoin back near 117,000, right around six-week highs.

0:44.7

And that is the scorecard on Wall Street, but winners stay late.

0:45.8

Welcome to closing bell overtime.

0:48.5

I'm John Ford back alongside Morgan Brennan.

0:53.6

Sticking with the crypto theme, we're going to talk to an analyst who says Visa could be an under-the-radar stable coin winner.

0:55.2

Plus, it has been a good few months for the S&P 500, but countries such as South Korea and Taiwan

1:00.0

are seeing even bigger gains for their stock markets.

1:02.7

We're going to look at whether this global rally can continue.

1:06.1

Let's begin, though, with the gains for stocks, chip stocks helping to lift tech. Intel, once again,

1:11.9

a big winner. Christina Parts Nebulus joins us now. Christina?

1:15.3

Yeah, you guys mentioned it. The government shutdown. Let's start. Didn't really phase

1:17.9

investors today with the NASDAQ notching its fourth consecutive gain, S&P 500, all-time high.

1:22.5

History really shows that the S&P 500 was near record highs before four of the past six

...

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