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Closing Bell

Closing Bell Overtime: Stocks Turn Page After Strong April 5/1/26

Closing Bell

CNBC

News, Business

4.4139 Ratings

🗓️ 1 May 2026

⏱️ 43 minutes

🧾️ Download transcript

Summary

Ayako Yoshioka of Wealth Enhancement Group talks positioning after a strong April and where investors should focus next. Oil stays front and center: Sam Margolin of Wells Fargo breaks down how energy stocks are reacting to Exxon and Chevron earnings. Katie Stockton of Fairlead Strategies analyzes the technical setup and whether recent momentum can continue.  Mike Santoli is in Omaha, NE ahead of Berkshire’s annual meeting, previewing what to expect from CEO Greg Abel as he takes charge for the first time. Longtime Berkshire watcher Chris Bloomstran of Semper Augustus on what he is watching most closely tomorrow. Barbara Doran of BD8 Capital highlights the biggest winners and what’s working in this market.

Transcript

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0:00.0

The bell is bringing an end to the trading day at the NYC, Charles Schwab, the Boys and Girls Clubs of America, and the SIFMA Foundation, all celebrating National Investing Day and at the Nazak Gold House doing the honors. Welcome to closing bell overtime. Lash in studio be at the NASAC market site. I'm Melissa Lee. Mike Santoli will be joining us from Omaha in just a moment. stocks mostly higher today today, the doubt with a small loss, but the

0:21.1

S&P up a quarter of a percent to a record close, and the NASDAQ, the best of the bunch,

0:25.3

up nearly 1 percent, also a record close. Appla leader following its earnings, Intel continuing

0:30.4

its run. It's doubled in the past month. Oracle and Salesforce also with nice games. That is

0:35.9

helping software, the IGV, up 3%.

0:38.7

Atlassian and Twilio, each up more than 20% following their results.

0:43.4

And Viva Systems, which makes software to help drug companies manage clinical trials,

0:47.4

is being added to the S&P 500.

0:49.3

Nice pop for that one, too.

0:50.7

And this wraps up another good week for the markets.

0:53.6

All the major averages up right around a percent. It is the fifth straight winning week for both the S&P 500 and the NASAC. And it was a very busy week with earnings from five of the MAG seven. Stocks came through it at record highs. Record highs. Mike, Mike, you're in Omaha for the Berkshire Hathaway meeting, but quick thoughts on the

1:11.5

markets. What an extraordinary, I mean, if you had said which way are the markets going to

1:14.6

trade at the beginning of the week, I don't know if either of us could have had a good guess on that one.

1:19.3

For sure. I mean, look, this market's kind of defied the headlines or the headline concerns,

1:25.3

at least, for a little while here. Clearly, it has just decided that it will just ride the path of maximum conviction, which is only along the AI investment front and say that's enough for now. We have an S&P 500 that's constructed to capitalize on exactly that. It's, you know, 35, it's 40% tech. And then if you add google and meta it's up to you know 45 or

1:47.0

something like that so clearly that's been the story um the rest of the market has at least stayed

1:51.8

out of the way i would argue and if anything uh the consumer stuff is maybe firmed up just slightly

1:57.8

because yesterday's economic data or at least okay yeah Yeah, even in spite of $4.30

2:03.1

cents gasoline right now, highs not seen in years. But what was so optimistic about the action

2:10.6

this week, I thought, Mike, at least, was that the Mag 7, the ones that reported, they didn't

2:15.0

all go higher. And yet the markets to turn higher. And so that seemed to be the markets running with this just the message, the ones that reported, they didn't all go higher. And yet the markets still turned higher.

2:18.0

And so that seemed to be the markets running with this, just the message, the narrative that

...

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