Closing Bell: Sizzling Summer for Stocks? 6/4/24
Closing Bell
CNBC
4.4 • 139 Ratings
🗓️ 4 June 2024
⏱️ 43 minutes
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| 0:00.0 | So much welcome to closing bell. I'm Scott Wobner live from Post 9 here at the New York Stock Exchange. |
| 0:05.0 | This make-a-break hour begins with this move in the market as the final stretch gets underway. |
| 0:09.0 | We're going to show you the scorecard right now with 60 minutes to go in regulation because it's |
| 0:13.8 | looking a little different than it was just half an hour ago in other words it's |
| 0:17.7 | green it was red the major averages have spent much of the day in the red |
| 0:21.6 | even if you even as yields have fallen, but buyers apparently |
| 0:26.2 | have seen enough, and they started to buy some stocks. |
| 0:28.9 | Most S&P sectors, they were red, but now several are turning green there too including real estate |
| 0:34.4 | consumer staples health care technology come services they're all green |
| 0:38.9 | right now tech names and video apple Amazon they've definitely helped with the turn. |
| 0:44.4 | Look at Apple there, pushing $195. |
| 0:47.0 | Been up six days or six sessions in a row. |
| 0:50.8 | Today would be seven. |
| 0:52.3 | And it happens in front of the worldwide developers |
| 0:54.7 | conference we're going to be live from there on Monday can't wait for that the |
| 0:58.9 | moment the AI moment we think we'll see what happens we're watching crowd strike two ahead of |
| 1:04.7 | that company's earnings tonight in the OT it is the best performing cyber |
| 1:08.4 | name year to date so a lot is on the line look at that chart and then the |
| 1:11.7 | run-up that you see there. We're going to ask shareholder |
| 1:14.5 | Malcolm Etheridge whether it can live up to that hype. It does take us to our talk of the |
| 1:18.7 | tape, the fate of stocks this summer and whether there's enough momentum to keep them climbing. |
| 1:23.6 | Let's ask Trivariot founder and CEO Adam Parker. |
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