Closing Bell: Rocky Road Ahead for Stocks? 3/13/25
Closing Bell
CNBC
4.4 • 139 Ratings
🗓️ 13 March 2025
⏱️ 43 minutes
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| 0:00.0 | All right, 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 more tariff threats from the White House, more uncertainty right here on Wall Street. |
| 0:11.5 | Let's show you what we look like here with 60 to go in regulation. |
| 0:15.6 | We are trying to get off the worst levels of the day. |
| 0:19.2 | The keynote today is that the Dow's given up 41,000 for the first time since September. |
| 0:23.9 | We'll keep our eye on that for certain over this stretch. Yesterday's bounce in tech evaporating a bit today. |
| 0:30.1 | Meta and Tesla have been two of the biggest losers, though. Nasdaq coming off its worst level as well. |
| 0:35.9 | Apple down again today. Is that company at a crossroads? |
| 0:38.8 | We will investigate that question a little later. |
| 0:42.3 | Consumer discretionary names are weak again as fears over a recession percolate dollar general. |
| 0:48.0 | The latest to talk about a consumer slow down during its earnings report today. |
| 0:52.0 | That stock is higher as you see. |
| 0:53.8 | However, yields, |
| 0:55.2 | they've been moving lower. The PPI inflation report came in a little light, just like the CPI did. |
| 1:00.9 | It does take us to our talk of the tape, the rocky road for stocks. When the selling might stop, |
| 1:05.9 | is it in the process of doing just that? Let's ask Dan Greenhouse, Solace alternative asset management and |
| 1:12.0 | Lori Calvesina, head of equity strategy at RBC Capital Markets. Welcome to you both. |
| 1:17.7 | Lori, I'll begin with you. Ed Yardini cut his price target today, as you might have seen, |
| 1:23.1 | to $6,400 from $7,000. He's pretty lofty and he's paired it back a bit. You're keeping yours so far, |
| 1:30.5 | correct, at 6,600? Yeah, we haven't made a change from 6,600. I will tell you, though, Scott, |
| 1:35.9 | I've been talking about my bear case as much as my base case this year. And we laid out in our |
| 1:40.3 | year ahead, Outlook, a bear case of 5 5775 and that was based on you know five |
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