Closing Bell Overtime: Rising Cost of Housing, Klarna CEO on IPO Timeline & Ebay Earnings 2/27/24
Closing Bell
CNBC
4.4 • 139 Ratings
🗓️ 27 February 2024
⏱️ 44 minutes
🔗️ Recording | iTunes | RSS
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| 0:00.0 | Well, the Dow is falling for a second straight day, but the other major indices are higher, |
| 0:10.7 | especially the Russell. Look at Little Russell up about 1% percent. |
| 0:14.7 | Investors, meanwhile, will wait key inflation data later this week. |
| 0:17.3 | That's a score caught on Wall Street, but winter's stay late. |
| 0:19.3 | Welcome to closing about overtime. |
| 0:20.4 | I'm John Fork with Morgan Brennan. |
| 0:22.1 | Energy, the biggest drag on the market, while utilities and communication services |
| 0:25.9 | were the best performing sectors. |
| 0:28.8 | Now get ready for another wave of earnings. |
| 0:31.1 | eBay, Urban Outfitters, Splunk, Clavio, First Solar, Devon Energy, Rocket Lab, and Boston Beer, |
| 0:37.5 | just to name a few, instant analysis of all the results coming up. |
| 0:41.3 | Plus CEO of Klarna on the state of consumer spending his |
| 0:44.0 | companies do AI assistant and that IPO might be in the offing. But first let's |
| 0:50.4 | get to today's action with our first guest. |
| 0:52.6 | Joining us now is Drew Pettit, City Director of U.S. Equity Strategy. |
| 0:56.8 | Great to have you here on set. |
| 0:58.4 | So in the context of today's okay moves. |
| 1:03.2 | We're kind of at some highs. |
| 1:05.4 | You're saying it would take a full correction in the S&P, I believe, |
| 1:08.5 | like a 10% pullback to 4,500 |
| 1:11.6 | to make you feel like doing anything more aggressive than buying occasional pullbacks? |
| 1:15.0 | Yeah, look, I just don't think you chase at this point. |
... |
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