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Closing Bell

Closing Bell: Snapback Here to Stay? 4/26/24

Closing Bell

CNBC

News, Business

4.4139 Ratings

🗓️ 26 April 2024

⏱️ 43 minutes

🧾️ Download transcript

Summary

Is today’s bounce back for real? Eric Johnston from Cantor Fitzgerald, Courtney Garcia of Payne Capital and Brian Levitt of Invesco give their expert forecasts. Plus, Big Technology’s Alex Kantrowitz breaks down the big move in Alphabet post-earnings. And, Julia Boorstin tells us what’s behind Snap’s surge – and brings us key comments from CEO Evan Spiegel.

Transcript

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0:00.0

And welcome to closing bill everybody. I am Brian Sullivan in for Scott once again and we are as always live here at post nine at the New York Stock Exchange and we begin this Friday folks with stocks rallying.

0:10.3

That's up for yesterday's big pullback. The major average is now on course for weekly gains.

0:15.0

In fact, their best gains of the year.

0:18.0

Hard to believe but true investors shaking off another hotter than expected inflation read,

0:22.0

an index on total spending known as the

0:24.0

P. C. E. Ticking higher in March that is pushing Wall Street's dream of rate cuts

0:29.4

either further out of

0:33.7

reach or maybe later in the year we're gonna find out we got a great panel to kick things off

0:34.6

for the meantime here is your scorecard with 60 minutes to go on regulation

0:38.3

green across the board got the Dow

0:41.2

S&P and NASDAQ up and look at that.

0:44.0

The NASDAQ is up 2% and like I just said, hard to believe but true,

0:48.8

NASDAQ on pace for its best week of the year.

0:51.6

In fact, best week since November. And we've had a huge sell-off at one point yesterday.

0:57.1

What a turn around. I think my neck hurts from the whiplash. All right. Comes of course from what else? Big Tech,

1:02.1

the strong reports from Microsoft and alphabet move those

1:04.5

names and the markets higher Amazon it is also up ahead of reporting their results next

1:10.4

week all of this taking us all of us together watching listening here in person to our talk of the tape is this snap back in stocks here to stay

1:20.8

What a panel we've got Eric Johnston of Kander Fitzgerald, Courtney Garcia of Payne

1:25.8

Capital Management and Brian Leavitt of Investco. Courtney, of course, is a C. NBC contributor.

1:30.9

Thank you all for being here.

1:33.0

It's your take on this.

...

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