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Closing Bell

Closing Bell: Rally Stalling or Heading Higher? 7/5/24

Closing Bell

CNBC

News, Business

4.4139 Ratings

🗓️ 5 July 2024

⏱️ 43 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

Kelly, thanks so much. Welcome to Closing Bell. I'm Scott Wobner live from Post 9 here at the New York Stock Exchange.

0:05.3

This make-a-break hour begins with the bull case for stocks hitting record highs yet again today.

0:09.6

And why the Wharton Professor Jeremy Siegel says Bull Market not done yet.

0:13.9

He will join us to make that case in just a moment.

0:16.8

In the meantime, take a look at the scorecard with 60 minutes to go in regulation here.

0:20.6

Well, jobs report was largely in line, though a tick up in the unemployment rate,

0:25.2

sent yields lower. The major averages are all in the green at this moment.

0:28.7

Communication services in tech, they're the two best sectors today. the Nasdaq extending those record

0:34.3

highs meta alphabet apple well they're seeing gains today and so is Amazon

0:38.4

hitting another all-time high and how about Tesla going for seven straight up days elsewhere?

0:44.0

It's been mostly mixed as we look ahead to next week.

0:47.3

It's going to be a big one too.

0:48.7

More inflation reads will be on tap.

0:50.9

An appearance on Capitol Hill by the Fed share happens midweek.

0:54.0

That's going to dominate the conversation of course, as will the start to

0:58.0

earning season, the banks are going to be reporting in just about a week two.

1:01.0

It just takes us to our talk of the tape.

1:03.6

The road ahead for this rally.

1:05.2

Let's welcome in the Wharton Professor of Finance.

1:07.8

He's Jeremy Siegel.

1:08.6

He's back with this professor.

1:09.6

I hope you had a nice 4th of July holiday.

...

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