Closing Bell Overtime: Rally rolls on, Tech Takes Off & The Final Frontier 8/16/24
Closing Bell
CNBC
4.4 • 139 Ratings
🗓️ 16 August 2024
⏱️ 42 minutes
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| 0:00.0 | That's the end of regulation, Comerica Bank bringing the closing bell of New York Stock Exchange, |
| 0:04.4 | YXT.com group doing the honors at the NASDAQ. That's the scorecard on Wall Street. |
| 0:09.7 | The action though is just getting started. Welcome to Closing Bell overtime. |
| 0:13.9 | I'm Morgan Brennan. |
| 0:14.8 | John Ford is off today. |
| 0:16.2 | The market comeback rolls on following last Monday's |
| 0:19.4 | massive sell-off. |
| 0:20.5 | It's like a distant memory. |
| 0:22.1 | The major averages posting their best week of the |
| 0:24.5 | year. Of the year, that's thanks to easing recession fears. Tech leading the way |
| 0:28.8 | up more than 7% this week. Coming up, Wedbush's Dan Ives on Weather Tech has more room to rally and how |
| 0:36.0 | you should trade Palo Alto shares ahead of its earnings on Monday. Plus we will |
| 0:40.3 | hear from the all civilian crew set to launch on a SpaceX rocket and attempt the first ever private |
| 0:47.5 | space walk, Polaris Dawn. But first, let's break down today's action with our market panel. |
| 0:53.2 | Unlimited CEO Bob Elliot and Tracy McMillian of Wells Fargo Investment Institute. |
| 0:58.0 | Great to have you both here. |
| 0:59.4 | Bob, you're on set. |
| 1:00.3 | I turn to you first because you say the bond market's signaling one thing and |
| 1:04.6 | stocks are signaling another what do you mean? Well I think if you take a step |
| 1:08.0 | back this move that we've seen over the course of the last couple of weeks is a rejection of the immediate |
| 1:16.1 | recession fears in the stock market. We've bounced back to you know basically where |
| 1:20.6 | we were if you'd been out for the last two weeks you probably |
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