Closing Bell Overtime: Stocks Post Best Week in Months As Ceasefire Holds 4/10/26

Closing Bell

CNBC

News, Business

4.4 • 139 Ratings

🗓️ 10 April 2026

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

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Summary

Victoria Greene of G Squared Private Wealth and Meghan Shue of Wilmington Trust debate whether the bottom is in. Cyber threats move into focus: Eamon Javers reports on risks facing major banks while former White House CIO Theresa Payton explains how AI is changing the cybersecurity landscape. In tech Pat Walravens of JMP examines the ongoing software slump. Private credit concerns also surface. Mark Malek of Siebert Financial explains why the real risk may be psychological as redemption headlines could trigger further outflows even without immediate solvency issues. Ivy Zelman, executive vice president of research and securities at Zelman, breaks down key real estate trends and what they signal for housing and commercial property. Plus, a look ahead to bank earnings and cybersecurity risks with Gerard Cassidy of RBC and the next catalysts set to drive markets.

Transcript

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0:00.0	The bell is bringing an end to this mixed trading day at the NYSC, the mayor of San Francisco,
0:05.2	ringing the closing bell, to celebrate 50 years of options trading in San Francisco.
0:11.0	And at the NASDAQ United Athletes Tour, that's former USC star Reggie Bush, doing the honors.
0:18.3	Welcome to closing bell overtime, everybody, live from Studio B at the NASDAQ
0:22.2	market site. I'm Leslie Picker in from Melissa and Mike today. Stocks mixed on the session on
0:27.9	this Friday, the Dow down nearly 300 points, small loss for the S&P 500, but the NASDAQ extending
0:33.7	its winning streak to now eight sessions. It hasn't had a longer winning streak since late
0:39.3	2023 for the major average for the week. The major averages all up three percent or more nearly
0:46.2	5 percent for the NASDAQ. Let's get right to Christina Parts in Nevelis with more on today's
0:50.9	and the week's market action. Well, the story within tech this week was AI winners over the AI at-risk trade.
0:57.3	And I mean AI at risk being software, getting hit hard.
1:00.3	The IGB down about 7%.
1:01.9	IT service names like IBM, CGI Accenture, all under pressure today.
1:06.2	And just this week, as investors really question what AI agents mean for their business models.
1:15.6	Pallantir, another name, down about 2% despite President Trump posting that the company has, quote, great war fighting capabilities in a post. Michael Burry, not buying it either. He's the big short investor. He doubled down on his bearish thesis with long-dated puts on the stock,
1:24.6	arguing anthropic is eating into Pallanteer's enterprise position. On the other side of the stock, arguing Anthropic is eating into Palantir's enterprise position.
1:28.3	On the other side of the trade, chips dominated.
1:31.3	Yay for me, because that's my beat.
1:33.3	The ceasefire rally pushed memory and storage names like Sandisk, Micron, Western Digital, up double digits this week.
1:39.3	Invidia was actually up about 6% on the week, but Intel stole the show,
1:44.5	stole the spotlight, climbing 24%
1:46.5	after joining Mus' TerraFab,
	...

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