Closing Bell: Record Potential Restored? 8/16/24
Closing Bell
CNBC
4.4 • 139 Ratings
🗓️ 16 August 2024
⏱️ 43 minutes
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| 0:00.0 | Welcome to Closing Bell and Scott Wobner Live from Post 9 here at the New York Stock Exchange on this Friday and this make-a-break hour begins with the road ahead for stocks. |
| 0:07.5 | With yet another key week looming more important earnings along with Fed Chair pals Jackson whole speech driving |
| 0:13.3 | these markets and they're not that far away from new highs either on that no let's |
| 0:17.1 | look at the scorecard here with 60 minutes to go in regulation today the major average is having a strong finish to a solid week the S&P and NASDAQ having their best week since November. |
| 0:27.0 | It is the Dow's best week since last December and that's after a slew of economic reads came in way better than expected this week |
| 0:33.6 | certainly way better than feared. |
| 0:35.2 | Yields well they're stable too and that's certainly helping the equity picture along as well. |
| 0:39.2 | Down across the board 389 on the 10-year it does take us to our talk of the tape, |
| 0:43.4 | the likelihood that stocks can reach new records |
| 0:46.1 | and continue to climb even as many major hurdles are still ahead. |
| 0:50.6 | Let's ask our experts, Kevin Gordon, |
| 0:52.3 | is senior investment strategist for Charles Schwab. |
| 0:55.0 | Courtney Garcia, wealth advisor with Payne Capital Management as you see both are here at |
| 0:59.6 | Post Night. |
| 1:00.6 | It's nice to have both of you back court. So what do you make of this market? I think it's hallmark will go down to be the bull market anyway one of resiliency. I mean at every turn you throw almost anything at this market and it shrugs it off and |
| 1:15.0 | continues to do what it's doing. |
| 1:17.0 | Yeah and I think the downturn that we had about two weeks ago there was fears that that was |
| 1:20.4 | because we were going into recession after you got a bad unemployment |
| 1:23.0 | number but the fact that you're seeing the markets really |
| 1:25.1 | struck that off is because you're getting a lot of good data. We got |
| 1:28.1 | CPI coming out, PPI coming out, you got retail sales. The big picture is |
| 1:32.4 | that the consumer is still |
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