Closing Bell: Stocks scream higher, Amazon sits out the rally, Musk’s impact on Twitter advertisers 10/28/22
Closing Bell
CNBC
4.4 • 139 Ratings
🗓️ 28 October 2022
⏱️ 43 minutes
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| 0:00.0 | Stocks are surging here on Wall Street adding to strong gains on the week and the month, even in the face of Amazon's pullback. |
| 0:06.0 | This is the make or break hour for your money. |
| 0:08.0 | Welcome everyone to Closing Bell. I'm Sarah Eis and there's the Dow up 800 points. |
| 0:12.0 | We're at the highs of the day right now. |
| 0:13.4 | Every Dow stock is higher at the moment. What's fueling the biggest gains? |
| 0:18.6 | Apple adding 72 points to the Dow. UNH, Microsoft McDonald's right behind it. |
| 0:23.3 | S&P 500 also in a broad rally mode of 2.4% right now. |
| 0:28.4 | You've got almost every sector higher except for consumer discretionary and you can |
| 0:32.1 | thank Amazon for that which is a big component of that group |
| 0:34.5 | Etsy's falling in sympathy but everyone else is higher and information technology is actually your best |
| 0:38.9 | performing sector right now it's being led by the semiconductors and a big surge in intel stock off earnings the Nasdaq comp up almost 3% so big comeback day for big tech and and tech is actually the Nasdaq is higher for the week |
| 0:51.7 | Small caps up 2% It comes in the face of some |
| 0:55.5 | week earnings, Amazon, but also higher Treasury yields. Tenure yield goes back above 4%, |
| 1:00.0 | a dollar stronger. Check out the action in two of the world's biggest companies. |
| 1:03.7 | Amazon and Apple moving in opposite directions on earnings. We're going to talk much more |
| 1:08.4 | about those moves and where the opportunities are here for the stocks, straight ahead. |
| 1:12.1 | Also on the show today today we will talk to British |
| 1:14.4 | businessman and industry titan Sir Martin Sorrell about Elon Musk's completed |
| 1:19.3 | deal for Twitter and how changes to content moderation will impact advertisers. |
| 1:25.0 | First off, it's been a big week for the mega caps. |
| 1:27.0 | Let's break it down over the market dashboard with Senior Markets Commentator Mike Santoli, |
| 1:32.0 | the magnitude of the market cap swings in some of these |
... |
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