Closing Bell: Road Ahead for the Record Rally 2/27/24
Closing Bell
CNBC
4.4 • 139 Ratings
🗓️ 27 February 2024
⏱️ 44 minutes
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| 0:00.0 | All right, thanks so much. Welcome to Closing Bell. I'm Scott Wobner live from |
| 0:03.2 | Post 9 here at the New York Stock Exchange. This make-a-break hour |
| 0:05.6 | begins with the strength of this bull market. Today marking four months from |
| 0:10.2 | the October bottom with stocks near all-time highs, a rally that has |
| 0:14.0 | broadened well beyond tech. Can that continue? Key question. We're going to ask |
| 0:18.1 | our experts over this final stretch. In the meantime, your scorecard with 60 |
| 0:22.0 | minutes to go in regulation looks like this a bit of a wait and see ahead of the PCI |
| 0:27.2 | P. C. E excuse me on Thursday that's all important of course |
| 0:30.1 | that's that though highs the day We're gonna watch that very closely. |
| 0:34.0 | The Dow Lower, Amgen United Health, |
| 0:35.7 | Sales Force, are the biggest drags there. |
| 0:37.8 | Dow component Apple, though, popping in the last hour. |
| 0:40.6 | That's helping the Dow, it's not in the NasDAQ, helping the S&P. That on reports that it's winding down |
| 0:46.3 | its electric car plans, the project a company was working on for a decade. Now many of those |
| 0:51.1 | employees who were working on that program will reportedly be shifted to |
| 0:55.2 | generative AI projects. We'll get reaction from an Apple shareholder coming up in just a bit. |
| 1:00.0 | Otherwise, some well needed rest perhaps for the mega caps today as the |
| 1:04.5 | Nasdaq's mostly muted as we said takes us to our talk of the tape why some say |
| 1:07.8 | this record rally isn't only justified it has a lot more room to run |
| 1:11.5 | Barclays today raising its year-end target for the S&P to 5300. |
| 1:16.0 | Let's find out what Liz Young thinks. |
| 1:17.8 | She's so far as head of investment strategy. |
... |
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