Welcome to Closing Bell, I'm Scott Wobner live from Post 9 right here at the New York Stock Exchange.

This make-a-break hour begins with another new high for stocks, and whether the fear of

missing out might just keep this rally going for a while.

We'll ask Algers on Kirk Crawford in just a moment. In the

meantime your score card with 60 minutes to go in regulation. The Dow up sharply for most of the

day better than 300 led mostly by well Microsoft's having a great day today another

a I announcement another gain for the stock and those shares have been surging

united health continuing its post earnings rally getting another upgrade today as well.

There it is up nearly 3.5 percent and a strong day for Morgan Stanley and Bank of America.

After those companies reported earnings, the CEO's on the network today, Wall Street

liking what they had to say as well. Nice gains for both of those.

Nasdaq gets hired to. A mixed day though for some of the more popular mega cap names there's the

NASDAQ it's accelerating now almost at the highs of the day near 1% it leads us to

our talk of the tape the rallies resiliency the S&P hitting another new 52 week high today the big question of

course how long can this bull run really last all dr's on the Crawford I mentioned

she is here at post nine with me there she is what's the answer

I mean the market doesn't seem to want to go down yeah and in part it wants

doesn't want to go down because the numbers for 2024 are moving up.

As we go through this earnings season, the 245 that the street has for

S&P earnings in 2024 likely moves higher.

The multiple moves higher as the market as the numbers

move higher. I've heard from some people this week that the bear story is old.

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