4.8 • 118 Ratings
🗓️ 27 May 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. |
0:06.0 | This make or break out begins with surging stocks, which have once again taken the S&P within 4% of a new all-time high. |
0:12.0 | The president delaying another tariff threat. That's all the market really needed today. |
0:17.0 | A drop in yields, no doubt, helping a bit too. We'll show you the scorecard here with 60 to go |
0:21.3 | in regulation. A strong day for the majors led by tech and discretionary. Those sectors, among |
0:26.6 | many others, every sector is green today. Tesla, a very big contributor there. Elon Musk says he's |
0:31.9 | back to sleeping in the office. Investors like that news, 6% almost will we'll have a special report coming up. |
0:38.0 | Consumer confidence beat, the timing couldn't be any better either. |
0:40.8 | Just as many big-name retailers are set to report their earnings this week. |
0:44.8 | Also on deck, of course, Invidia. |
0:47.6 | They report tomorrow and overtime. |
0:49.3 | Most of the chips are higher ahead of that. |
0:51.6 | A big losing streak in one part of the chip space could be about |
0:55.2 | to end two. It does take us to our talk of the tape. Whether the tariff twists and turns even |
1:00.1 | matter for stocks anymore, let's ask Dan Greenhouse. He is Solis Alternative Asset Management's Chief |
1:05.3 | Strategist with me here once again at Post-9s. Good to see you. Good to be seen. On this big day, |
1:10.2 | how would you answer that question? |
1:11.8 | Do the tariff twists and turns even matter anymore? |
1:14.5 | I think they do matter. |
1:15.6 | And I think you see the performance in the market today up almost 2% right now, |
1:20.3 | ostensibly only on the suspension of the tariff, which was just imposed 20 minutes ago. |
1:25.2 | So I think clearly the market's telling you that it still matters. |
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