Closing Bell: Rally Rising on Election Outcome? 11/5/24
Closing Bell
CNBC
4.4 • 139 Ratings
🗓️ 5 November 2024
⏱️ 43 minutes
🔗️ Recording | iTunes | RSS
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| 0:00.0 | All right, guys, thanks so much. Welcome to closing bell. I'm Scott Wobner live from Post 9 here at the New York Stock Exchange. |
| 0:07.0 | First polls closing in just about four hours time and an election that could very well shape where this bull market goes in the months ahead. |
| 0:13.0 | We'll ask our experts over this final stretch where best to invest right now no matter the outcome. |
| 0:18.0 | Let's take a look at the scorecard here with 60 minutes to go in regulation. |
| 0:22.2 | Majors have been strong all day long off the best levels in some cases, but nonetheless positive by almost 1% on the S&P, a little bit above that on the NASDAQ. |
| 0:32.0 | Every sector within the S&P 500 today is in the green consumer discretionary the best following the strongest |
| 0:38.1 | i sm services report in a couple years industrial is also solid of course we check tech |
| 0:43.5 | it's up as well we're still watching invidia and apple by the way battle it out for the biggest |
| 0:47.4 | market share company in the market and we will like we always do track that through this final |
| 0:52.8 | 60 as well it does take us to our talk of the tape, the election, and stocks, |
| 0:57.3 | and what the result will mean for this bull run. |
| 1:00.6 | Let's ask our panel, New York Life's Lauren Goodwin, Icapitals, |
| 1:03.9 | Anastasia Amoroso, and Charles Schwab's Kevin Gordon. |
| 1:07.1 | They're all with me at Post 9. |
| 1:09.3 | Lauren, I will start with you first. How you feel about |
| 1:13.7 | the events? Not so much what you think is going to be the result, but how the market backdrop is, |
| 1:19.8 | no matter what. Well, for one thing, we're coming off of an economic growth and earnings backdrop |
| 1:25.2 | that's incredibly resilient, and that provides, I think, |
| 1:27.7 | a bolster for the bull market and frankly gives whoever the next administration is a bit of |
| 1:32.3 | time and a bit of leeway to enact their policies. Now, as I think about what are the sectors |
| 1:38.3 | and areas that are likely to do well regardless of the result, these are paradigm shifts, election-related ideas that |
| 1:45.5 | have frankly been in place over the last couple of years. We know that trade is going |
... |
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