Closing Bell Overtime: Nasdaq Closes Above 19k As Risk Appetite Returns 5/13/25

Closing Bell

CNBC

News, Business

4.4 • 139 Ratings

🗓️ 13 May 2025

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Stocks edge higher as the S&P 500 gains a high-profile new member: Coinbase. Phil Camporeale of J.P. Morgan breaks down the market action, while Supermicro's AI positioning draws fresh Wall Street attention—Raymond James’ Simon Leopold explains his bullish call. CyberArk CEO Matt Cohen joins to discuss earnings, enterprise IT spend and security sector consolidation while Saira Malik of Nuveen shares where she’s seeing new opportunity in equities and fixed income. Our Bertha Coombs tracks UnitedHealth’s rough day, Eamon Javers reports on the president’s visit to Saudi Arabia alongside high-profile American CEOs. Plus, Michael Santoli’s dashboard signals a return of risk-on sentiment and what it means for Coinbase to be added to the S&P 500 and Robert Frank spots cracks in the high-end art market.

Transcript

Click on a timestamp to play from that location

0:00.0	Well, that's the end of regulation. Vanguard, ringing the closing bell at the New York Stock Exchange.
0:06.7	A delegation from the SEB Baltic Conference doing the honors at the NASDAQ.
0:11.8	We've got stocks finishing mixed today with the Dow down looks like 610%, maybe 269 points as we settle out here,
0:20.8	dragged lower by United Health.
0:22.6	The NASDAQ though finishing higher, 1.6% higher and the S&P also higher.
0:28.6	It looks like maybe around 5886 as we settle there too.
0:31.6	The SMP is actually going positive for the year.
0:33.6	Tech once again the leader chips leading that charge with the ETF, the SMH now in the green for the year. Tech, once again, the leader, chips leading that charge with the ETF, the SMH,
0:39.3	now in the green for the year as well. InVitya, the standout posting its best day since April.
0:44.0	It's back above a $3 trillion market cap. The defense sector hitting an all-time high in earlier
0:49.8	trading too on the back of a Saudi Arabia defense deal, the ETF on pace for the six straight
0:55.5	weekly gain. But as we just mentioned, United Health collapsing, shaving 400 points off the
1:00.5	Dow as its CEO steps down the company pulls 2025 guidance. We're going to have more on that
1:04.4	straight ahead. Also, Disney kicks off its up front this hour, the stock hire for a six straight
1:09.8	day and at the highest level since March.
1:13.1	Yeah, welcome to closing bell overtime where winners stay late. I'm John Ford alongside Morgan Brennan.
1:18.4	Ahead, CyberArk reporting results this morning, a beat on earnings and revenue, but the stock is down a couple percent after a healthy run the last three weeks.
1:26.7	An analyst at Missouho is positive, though, impressed with the consistent execution. We're going to talk to
1:31.3	CEO Matt Cohen and shares of Super Micro up 16 percent today. We'll talk to an analyst
1:37.3	who's bullish on the stock as a near-term play in AI. Now let's take stock of another update on Wall Street with the S&P and NASDAQ 100
1:46.0	back into positive territory for the year. The Dow has mentioned only lower because United Health
1:50.7	tanked 18%. On the S&P, today's gains put it up 22% from its April 7th low. So where do we go next?
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from CNBC, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of CNBC and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.