Closing Bell Overtime: Stocks Give Back Some of Monday’s Rally In Volatile Session 3/24/26

Closing Bell

CNBC

News, Business

4.4 • 139 Ratings

🗓️ 24 March 2026

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

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Summary

Michael Kantrowitz of Piper Sandler and Marta Norton of Empower assess the broader market setup and how investors should position as volatility picks up. In tech Microsoft faces growing scrutiny after underperforming its megacap peers. Tal Liani of Bank of America explains why he is turning more constructive despite recent concerns around AI execution. Alan Ratner of Zelman breaks down the state of housing after earnings from KB Home. Dan Rasmussen of Verdad Advisers examines ongoing stress in credit markets and where risks may still be building. Our Mackenzie Sigalos previews the start of a closely watched trial between Anthropic and the U.S. government and what it could mean for AI and regulation. The show also explores fresh developments in OpenAI and private markets before closing with final thoughts on what to watch next.

Transcript

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0:00.0	The bell is bringing an end to the trading day at the NYSC, Dana, ringing the bell and at the NASDAQ,
0:06.9	Hoin Bank Corp, doing the honors. Welcome to closing bell overtime. We're live from Studio B at the NASDAQ market site.
0:11.9	I'm Melissa Lee along with Mike Santoli. Sox lowers, oil bounces back 4%. Small losses for the Dow and the S&P.
0:19.0	The NASDAQ lower by nearly 1%. The Russell solidly in the green, more in the market straight ahead.
0:23.5	On our radar at the close, awaiting earnings from KB Home, as builders have gotten hit hard since the start of the Iran war even before that.
0:30.8	Plus, there was a growing battle on the street over Microsoft.
0:34.2	And investors clamoring for a piece of SpaceX and Anthropic sent a newly listed fund soaring
0:39.1	150% just this week. Interesting. So I have to say, don't think we settled anything today.
0:46.5	No. Market was kind of, S&P was kind of plus and minus, flat most of the day, and yet the volatility
0:52.2	index was up more than a point. So it shows you suspenses building in this five-day window. We obviously don't know what's happening in terms
0:58.3	of the path in Iran as oil ticks higher, yields tick higher. So I do think it's a little bit of a
1:03.6	squeeze. We have about a 2% cushion between where the S&P is and where the overnight low was
1:08.2	before the open on Monday. So not much there, but at least
1:13.1	we are kind of holding. And I think the market's trying to remain open to a lot of different
1:16.9	options. Were you surprised that the lack of market reaction, we saw maybe a hiccup in response to
1:22.5	that the two-year yield auction? I mean, that was a big auction. It was a terrible auction by all accounts.
1:28.4	I think Rick Santelli gave it a D. Peter Brookbar was writing that the bid to cover ratio was
1:32.7	2.4. The average for the past year has been 2.6 plus, and dealers were stuck with 24% of the inventory.
1:38.8	Yeah, I don't know if it's a underreaction or if it's that the yields themselves are not pushing to absolute new highs,
1:46.4	right? It was a bad auction. We did get upside and yields, Rick's going to probably have a little
1:49.9	more on that. In fact, banks were strong today. So it was definitely kind of a somewhat mixed
1:54.5	picture. Mega cap, you know, NASDAQ 100 type stocks were really the big weight to the downside.
	...

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