Closing Bell Overtime: Succession Hints From Jamie Dimon At JPM Investor Day; Former Truist CEO On Current Regulatory Environment; Palo Alto Networks, Zoom Earnings 5/20/24
Closing Bell
CNBC
4.4 • 139 Ratings
🗓️ 20 May 2024
⏱️ 44 minutes
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| 0:00.0 | Well, McSession, as the Dowinch is back below 40,000, but the NASDAQ closing at a record high and the |
| 0:05.8 | S&P just shy of one. That is the scorecard on Wall Street, but the action is just getting |
| 0:10.5 | started. Welcome to Closing Bell overtime. I'm Morgan Brennan with John Fort. |
| 0:13.6 | Well it's a big week for earnings highlighted by Invidia on Wednesday and the action kicks off |
| 0:19.2 | this hour with results from Palo Alto Network's Zoom Video and Trip. |
| 0:23.8 | We're going to bring you those numbers as we get them. |
| 0:26.6 | And J.P. Morgan touching new highs early today, but weighing on the Dow later in the session |
| 0:32.4 | following comments from CEO Jamie Diamond at the company's investor day |
| 0:36.0 | Those shares finished down four and a half percent we're gonna talk to former truest CEO |
| 0:40.0 | Kelly King about that move and his big picture take on the banks. |
| 0:45.0 | But first let's break down today's action with our market panel. |
| 0:48.0 | Kara Murphy of Kestra Investment Management and Brooke May of Evans May wealth. |
| 0:52.9 | It's great to have you both here, especially |
| 0:55.2 | we do see this record on the Nasak, |
| 0:57.6 | even as we're seeing the Dow take a breather. |
| 1:00.0 | Kara, I'm gonna start with you, |
| 1:02.2 | because we have seen this broadening out of the rally in general |
| 1:05.3 | in recent sessions. |
| 1:06.3 | And as Mike Santoli was just noting a few moments ago, an incredible move in terms of the rebound that we saw from that April pullback. |
| 1:16.4 | I think this is a very good sign and it's healthy for the market. |
| 1:20.0 | So it's sort of been a slow story that over the last couple of months we've been seeing a broadening out as you suggested in the market and in fact if we go back just four weeks ago |
| 1:29.6 | We had about 65% of names in the S&P 500 running above their 200 day moving average. |
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