Closing Bell: Stocks Sink in Final Hour of Trade 12/20/23
Closing Bell
CNBC
4.4 • 139 Ratings
🗓️ 20 December 2023
⏱️ 43 minutes
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| 0:00.0 | Welcome to Closing Bell. I'm Scott Wobner live from Post 9 here at the New York Stock Exchange. |
| 0:03.7 | This make-a-break hour begins with the biggest bull on Wall Street. Tom Lee, he is here to make his case |
| 0:09.5 | why stocks can keep climbing even after this record setting run. He's with us momentarily. In the |
| 0:14.4 | meantime, take a look at your scorecard with 60 minutes to go in regulation because |
| 0:18.5 | it is a changing scorecard. A bit of a sudden sell-off in the market. Looks like the Dow's nine day |
| 0:23.6 | win streak now in jeopardy as we begin the final stretch. Take a look at all three |
| 0:27.7 | of the major averages. That's not how it looked for most of the day. The Dow is |
| 0:31.4 | down now by about 250 points. |
| 0:34.8 | S&P down by near 1%, as is the NASDAQ. |
| 0:38.2 | A lot of these mega cap tech stocks which were green throughout the day have since rolled. |
| 0:42.2 | Alphabet is holding on to positive territory. |
| 0:44.7 | Caterpillar Home Depot, Microsoft, among the better performers, |
| 0:47.6 | at least for much of the day today. |
| 0:50.6 | Apple was clawing its way back towards $200 a share. |
| 0:55.0 | Again, it's turned negative by about a dollar or so one half of 1%. |
| 0:58.6 | We're going to keep our eyes peeled there, of course, yields too. |
| 1:01.5 | They're lower. That has the Russell extending its amazing |
| 1:04.4 | gains. It's still holding on to positive territory today as well. Not that |
| 1:09.3 | strong though. Vicks picking up a little bit up near 2% as we speak. |
| 1:14.1 | Takes us to our talk of the tape. |
| 1:15.7 | The continued bull case for stocks from Funstrats, |
| 1:18.4 | managing partner and head of research, |
... |
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