Closing Bell Overtime: Salesforce Earnings; Private Markets Outlook Under Trump; Powering Bitcoin & AI 12/3/24
Closing Bell
CNBC
4.4 • 139 Ratings
🗓️ 3 December 2024
⏱️ 44 minutes
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| 0:00.0 | Well, that bell marks the end of regulation. |
| 0:03.0 | Affleck, ringing the closing bell to New York Stock Exchange, |
| 0:06.0 | pledge 1% doing the honors at the NASDAQ, and it's proving to be a December to remember already |
| 0:12.0 | with the S&P 500 and NASDAQ closing at fresh highs again. |
| 0:17.0 | That is the scorecard on Wall Street, but winners stay late. |
| 0:20.0 | But from the closing bell overtime. I'm John Ford with Morgan Brennan. |
| 0:23.0 | Well, the communication services sector, the big winner today, hitting the highest level since |
| 0:26.6 | 1999. Thanks to big gains by AT&T and META, which I believe hit a record high today. |
| 0:32.9 | Meantime, the Dow keeps underperforming the broader market. It's falling for the third time |
| 0:37.0 | in four sessions. |
| 0:38.5 | Investors now awaiting several big tech earnings highlighted by Salesforce. We will also get results from |
| 0:44.2 | Box, Marvell Technology, ACTA, and Pure Storage. And Pure Storage's CEO will break down those |
| 0:50.7 | numbers for us in an exclusive interview. Before the call, well, Cloud Week |
| 0:55.1 | rolls along tomorrow as well and over time and we'll speak exclusively with pure, well, |
| 1:01.1 | we're going to speak with him today as a matter of fact, but tomorrow we got synopsis coming |
| 1:06.2 | up as well. But right now, let's get straight to our market panel. Paul Hickey of Bespoke Investment Group |
| 1:12.1 | and Deepak Bury of Deutsche Bank. Guys, welcome. Paul, not only is Salesforce a component in the |
| 1:19.0 | underperforming Dow. It's the largest component in the IGV software ETF, I think just under 10% |
| 1:25.5 | of its assets. How influential then might these results be that we're |
| 1:30.2 | about to get over how the major indices trade tomorrow? I mean, so I think as far as the software, |
| 1:36.6 | it's going to drive the sentiment towards that space. The sector has been on an incredible run |
| 1:41.2 | basically since May when Salesforce had its low for the year. |
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