meta_pixel
Tapesearch Logo
Log in
Closing Bell

Closing Bell: Stocks rally, Meta’s mega rebound, White House weighs in on GDP miss 4/28/22

Closing Bell

CNBC

Business, News

4.4141 Ratings

🗓️ 28 April 2022

⏱️ 43 minutes

🧾️ Download transcript

Summary

Stocks surged in another choppy session, with the Nasdaq finishing the day higher by more than 3%. Meta shareholder Barbara Doran and Wedbush analyst Ygal Arounian discuss whether or not the Facebook parent’s results are an all-clear signal for tech. The rally came even as the latest GDP numbers showed an unexpected contraction in the first quarter. Heather Boushey from the Council of Economic Advisers discusses if it’s a signal of a coming recession. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Transcript

Click on a timestamp to play from that location

0:00.0

Stocks are surging on another choppy session here on Wall Street.

0:03.3

We are at the highs of the day. Will the rally hold into the close? The most important hour of trading starts now.

0:08.5

Welcome everyone to Closing Bell, I'm Sarah Eisen. Take a look at where we stand in the market up more than 600 points on the Dow.

0:14.6

In fact, S&P's having its best day in about six weeks, up 2.7 percent. Look at the

0:19.3

NASDAQ really climbing back today, 3.3 percent. we're actually now positive for the week after all that

0:25.6

small caps up 2% check out the most actively traded names this hour here at the New York

0:31.1

stock exchange tells you a lot about the mood right now.

0:34.4

We've got Ford, number one, probably because Ryan Reynolds picked it and his second pick,

0:38.1

maybe something to do with earnings as well.

0:40.1

Teledot getting slammed down 41 percent. That's why the Arc Innovation Fund is red despite the

0:44.9

comeback in the Nasdaq. Nokia, AT&T and Neo high volumes on all those names.

0:50.8

Coming up on today's show Hershey CEO Michelle Buck whose stock has been

0:54.3

a stealth winner this year. We'll talk about today's earnings results, what she sees in terms of consumer

0:58.6

spending and of course inflation. Plus, Council of Economic Advisors member Heather Boucher will join us from the White House

1:06.3

with their response to today's unexpected GDP contraction.

1:10.4

Whether or not it signals a looming recession.

1:13.0

Let's get straight to our top story.

1:14.2

Take tech, making a comeback.

1:16.2

Meta, surging on earnings, sending the NASDAQ sharply higher.

1:19.0

So do the results mark an all clear moment for the group.

1:23.4

Joining us is Barbara Duran from BDA Capital Partners,

1:26.0

Igala Runian from Wedbush Securities.

...

Please login to see the full transcript.

Disclaimer: The podcast and artwork embedded on this page are from CNBC, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of CNBC and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.

Copyright © Tapesearch 2026.