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Closing Bell

Closing Bell: Rally Back on Track? Apple's Climb to $4 Trillion 12/24/24

Closing Bell

CNBC

News, Business

4.4139 Ratings

🗓️ 24 December 2024

⏱️ 42 minutes

🧾️ Download transcript

Summary

From the open to the close, “Closing Bell” and “Closing Bell: Overtime” have you covered. From what’s driving market moves to how investors are reacting, Scott Wapner, Jon Fortt, Morgan Brennan and Michael Santoli guide listeners through each trading session and bring to you some of the biggest names in business.

Transcript

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0:00.0

Welcome to closing bell. I'm Scott Wapner live from Post 9 here at the New York Stock Exchange.

0:04.7

We're an hour away from the close on this holiday short and trading day.

0:08.5

Stocks higher on this Christmas Eve, the day when the so-called Santa Claus rally is officially supposed to begin.

0:14.2

Apparently, it is. Yields, they're higher today. The market games out, the Fed's next move.

0:19.7

Nonetheless, stocks are withstanding that for the

0:22.7

moment. We are on Apple, 4 trillion watch as well. The stock on a tear lately. It needs to reach

0:26.8

$264 to hit that milestone. We will follow that and have a special report coming up as well.

0:33.5

All of the other large cap tech names hire as well. You take a look there. Microsoft top of your screen, meta up near 1%.

0:40.2

Now north of 600 bucks does take us to our talk of the tape.

0:43.6

The bull market, which keeps on chugging.

0:46.0

So how far can it really run?

0:47.9

Let's ask Dan Greenhouse, Solis Alternative Asset Management's Chief Strategist with me here at Post Stein.

0:52.9

Welcome back.

0:53.7

Thank you, and happy holidays to you merry christmas to you and happy holidays as well you're

0:57.2

um you're pretty optimistic still about next year right yeah i am listen listen i we had a terrific

1:04.5

run all year a terrific run off the summer off the october lows uh some give back into the end of the year was not what I expected.

1:12.6

In previous shows, I talked about going out of the year, somewhere around 6,200. That obviously will not be the case, or presumably will not be the case.

1:19.6

So I'm a little surprised, but in the context of what's happened, I don't think it's that big of a deal, and thus far doesn't really change my outlook for next year.

1:27.5

So what were you thinking was going to happen that didn't?

1:31.0

Like, why do you think we're going to disappoint your high expectations to finish the year?

1:34.9

I thought, not obviously, but it seems like a lot of this has to do with the Fed meeting and the adjustment and interest rates, and the Fed seemingly suggests.

1:43.3

The hawkish cut.

...

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