Closing Bell: The Fall Stretch for Stocks 9/23/24
Closing Bell
CNBC
4.4 • 139 Ratings
🗓️ 23 September 2024
⏱️ 44 minutes
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| 0:00.0 | All right guys, thanks so much. Welcome to Closing Bell. I'm Scott Wobner live from |
| 0:03.6 | Post 9 here at the New York Stock Exchange. Let's make a break out. |
| 0:06.4 | It begins with the future of this rally. Whether there's still a lot of upside |
| 0:09.7 | left for stocks, we will ask Black Rocks Rick Reader. He's going to join me exclusively right here |
| 0:14.6 | at Post 9 just in a moment. In the meantime, let's look at the scorecard with 60 minutes to go in regulation. |
| 0:20.3 | We're trying for more records for the Dow and the S&P. |
| 0:23.0 | Do have that at this moment. 5716 for the S&P of one quarter of 1%. |
| 0:27.3 | Dow is good for one as well. |
| 0:28.8 | Nasdaq, well, it's working on its own thing today and it's getting a little bit going here. Not great. It's |
| 0:34.9 | been a tight session throughout. Utilities, discretionary materials, they're the best performing |
| 0:38.6 | sectors. Tech, as I said, has been negative so we're trying to pull a little |
| 0:42.4 | through here in this |
| 0:43.7 | final stretch yields they've been mostly higher as well that's an area that |
| 0:49.0 | matters a lot to investors there's the 10-year 374 it does take us to our talk to the tape. |
| 0:54.0 | The fall stretched for stocks and whether the Fed just gave the green light for more gains ahead. |
| 0:58.0 | Let's ask Rick Reader. He is Black Rock's CIO of Global Fixed Income, |
| 1:03.2 | also the head of the Global Allocation Team. |
| 1:05.8 | Back at Post Nine, it's good to see you. |
| 1:07.6 | Good to be here. |
| 1:08.2 | Thanks to see you, especially after what the Fed did on last week. |
| 1:11.2 | So what's your big takeaway as to how the markets reacted since? |
| 1:14.0 | So you know, by the way, I find it interesting the difference between the bond market and the stock market. The |
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