Closing Bell: Pivotal Two Weeks for Stocks 10/25/24

Closing Bell

CNBC

News, Business

4.4 • 139 Ratings

🗓️ 25 October 2024

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

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Summary

Between tech earnings and the election, the next two weeks are shaping up to be pivotal for the markets. Professor Jeremy Siegel tells us how he is navigating these upcoming events. Plus, 3Fourteen’s Warren Pies tells us why he sees stocks rallying into the year end. And, DataTrek’s Nick Colas is flagging what he says is a positive sign for the tech sector heading into 2025.

Transcript

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0:00.0	All right, thank you very much.
0:01.0	Welcome to Closing Bell.
0:02.0	I'm Scott Woffner live from Post-9 here at the New York Stock Exchange on this Friday.
0:05.9	This make a breakout begins with, of course, the market's a new record high for the NASDAQ
0:09.7	and just in time for mega cap earnings next week.
0:11.9	We'll ask our experts what is at stake,
0:14.2	including the Wharton Schools, Jeremy Seagull, the professor will be here momentarily
0:18.8	with us. In the meantime, the sport card with 60 minutes to go in regulation looks like that.
0:24.4	There's the record high for the NAS, S&P Dow mix.
0:27.8	Tech income services by far the best sectors today.
0:30.5	It's big tech heads into earnings on a bit of a high note elsewhere.
0:34.3	Take a look at Decker's crushing earnings and that stock hosting its best day
0:39.2	since May, better than 10%. Capri Holdings getting hammered though after a judge
0:43.8	blocked its merger with tapestry. That stock is higher on that news. It does
0:49.0	take us to our talk of the tape, a pivotal two weeks coming for stocks, the tech earnings, the election.
0:55.5	Oh yeah, Fed Meeting 2 for what's at stake.
0:58.4	Let's welcome in, Professor Jeremy Siegel of the Wharton School.
1:01.3	Welcome back.
1:01.9	It is nice to see you and have you with us as always.
1:05.4	Thank you, Scott.
1:06.2	Happy to be here.
1:07.4	Yep.
	...

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