Closing Bell: Stubbornly Steady Stock Market 7/2/24
Closing Bell
CNBC
4.4 • 139 Ratings
🗓️ 2 July 2024
⏱️ 43 minutes
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Summary
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| 0:00.0 | This make or break hour begins with this stubbornly steady stock market. |
| 0:04.2 | The broad S&P 500 working on a 10 straight day with a move of less than half percent, |
| 0:09.4 | though the index has quietly strengthened through the afternoon. |
| 0:13.0 | They've actually been more up days than down days |
| 0:15.0 | over that quiet streak. |
| 0:17.0 | Here's your scorecard with 60 minutes to go in regulation. |
| 0:19.0 | The S&P 500 and NASDAQ composite, |
| 0:22.0 | both on pace for a new closing high with |
| 0:24.6 | underlying market breadth a bit firmer that it's been some days in the last couple of |
| 0:28.0 | weeks the S&P's about 10 points into record closing territory right now |
| 0:32.2 | Tesla and Apple, big upside contributors |
| 0:35.0 | to those index moves, and that's allowing |
| 0:37.4 | to take to weather further weakness in Invidia, |
| 0:40.5 | which remains 12 or 13% below its all-time highs. Treasury yields have |
| 0:44.6 | calmed after yesterday's sharp rise and oil remains quiet after its recent run higher. |
| 0:51.9 | That takes us to our talk of the tape with the S&P 500 |
| 0:55.0 | pushing past a 15% gain for the year. Is the slow grind more a show of the |
| 0:59.8 | bull market's resilience or perhaps evidence of short-term fatigue. |
| 1:03.7 | Here to discuss all this is Adam Parker Trivariate research founder and a |
| 1:07.4 | C. |
| 1:08.4 | And a C.M. Good to see you. |
| 1:09.4 | Great to be here. |
... |
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