Closing Bell: Stocks surge ahead of key tech earnings, Atlanta Fed President weighs in on rate policy 4/19/22

Closing Bell

CNBC

Business, News

4.4 • 141 Ratings

🗓️ 19 April 2022

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

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Summary

Wall Street finished the day sharply higher ahead of key tech earnings from Netflix and IBM. Alli McCartney from UBS and Barton Crockett from Rosenblatt debate whether or not tech earnings will help the Nasdaq catch up, after lagging all year long. The CEO of Citizens Financial Group breaks down earnings as that stock finishes near the top of the S&P 500. And Atlanta Fed President Raphael Bostic lays out his latest thinking on inflation, the economy, and the Fed’s rate hike path. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Transcript

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0:00.0	And Wall Street is in rally mode. The most important hour of trading starts now.
0:07.2	Welcome everyone to Closing Bell. I'm Sarah Eisen. Let's show you where we stand near the
0:10.8	highs of the day at more than 400 points on the
0:12.8	Dow up one and a quarter percent nearly every Dow stock is higher at the moment.
0:17.4	Boeing actually adding the most as well as Nike, J&J and Disney.
0:21.2	S&P 500 up 1.4 percent. It's the beaten down NASDAQ that is
0:25.6	leaving us higher up 1.3 quarters percent. All the fang names are higher.
0:30.0	Amazon is actually adding the most to the triple cues
0:33.2	Microsoft Apple Facebook Tesla alphabet
0:35.8	invidia all higher today as well small cats bouncing back to the tune of 2%
0:40.9	check out the s and p 500 sector heat map just shows you the breadth of this rally.
0:45.0	Everybody's up today except for energy. Consumer discretionary is in the lead along with real estate.
0:51.0	Those sectors up a nice 2% or more.
0:53.2	Communication services, industrial, just energy
0:56.5	coming down after crude oil fades a bit.
0:59.4	We've got a big interview coming your way this hour.
1:01.2	We're gonna talk exclusively
1:02.4	with the
1:02.6	Atlanta Federal Reserve President Raphael Bostick after the World Bank and
1:06.6	I am F both just slashed their global growth forecast for the year.
1:10.0	We're going to discuss Fed policy, the inflation outlook, and much more.
1:14.0	First up, though, our top story, a pivotal day for tech stocks, tech earnings kicking off after the bell
	...

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