Closing Bell: The Big Bull-Bear Battle 9/15/23
Closing Bell
CNBC
4.4 • 139 Ratings
🗓️ 15 September 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. |
| 0:04.0 | This make-or-break hour begins with Bulls and Bears in a battle. |
| 0:07.6 | Your money caught it squarely in the middle. |
| 0:10.1 | Stocks trying to eke out a positive week. It's been anything but easy though despite coming off the best day of the month. |
| 0:15.4 | There's your scorecard with 60 minutes to go in regulation. That's the kind of day really. It's been not great. |
| 0:21.2 | Certainly for the Dow names like Microsoft and McDonald's |
| 0:24.1 | Intel and Home Depot dragging that index lower today. And speaking of |
| 0:28.2 | Microsoft, tech, a big laggard. In fact, every one of the so-called Magnificent |
| 0:32.3 | 7 in the Red Today, Adobe also sinking after its earnings and chip equipment names like |
| 0:38.3 | Lamb Research, Applied Materials, and KLA Tencore falling sharply after a negative news report about the future of |
| 0:44.6 | semiconductor orders. So Tech is broadly weak. Look at those losses across the |
| 0:48.9 | board from those stocks. We're just talking about 5% and in some cases more than that gets deeper for |
| 0:54.8 | Netflix. Look at the week to date on the right-hand side of your screen. Down |
| 0:58.4 | more than 10% over the past five sessions alone. |
| 1:02.7 | Down 1% again today, |
| 1:04.2 | we'll keep our eyes there over this final stretch. |
| 1:07.2 | As for interest rates, |
| 1:08.9 | well they're a headwind today, |
| 1:10.1 | mostly higher across the curve. |
| 1:12.2 | And there you go, pretty good look, 2 5, 10, 30, the curve. There you go pretty good look to 5. 10 30 the long end |
| 1:15.2 | short end no matter where you look they're in the green yields are. Takes us to our |
| 1:19.1 | talk of the tape. We're now halfway through a historically bad month for stocks and they've shown some remarkable |
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