Closing Bell: The Remarkable Rally 9/25/24

Closing Bell

CNBC

News, Business

4.4 • 139 Ratings

🗓️ 25 September 2024

⏱️ 42 minutes

🔗️ Recording | iTunes | RSS

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Summary

How much more can stocks rise? Fundstrat’s Tom Lee gives his expert market forecast. Plus, Meta held its annual “Connect” event today and announced a number of new hardware products and AI tools. Shareholder Gene Munster of Deepwater Asset Management tells us what he thinks this could mean for the stock. And, some big changes at OpenAI – Kate Rooney runs us through the details.

Transcript

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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-a-break hour begins with stocks over the final stretch, not just today, but this year after this remarkable bull run.
0:11.0	We'll ask Funstrats, Tom Lee. That very question, what's going to happen
0:14.7	from here when he joins us in just a moment? Take a look at the scorecard now with
0:18.0	60 minutes to go with regulation. Do have some work to do here as the major
0:21.0	average is mostly negative today.
0:22.9	Nasdaq barely hanging on to the green, the Dow,
0:26.4	is the biggest loser.
0:27.4	It is down two-thirds of a percent.
0:29.4	AMGen's a big drag today.
0:30.7	Russell 2000 is also weak. Notable movers today include
0:34.0	NVIDIA, it's back above three trillion in market cap again. That's
0:37.0	certainly notable. We're watching auto stocks too. Morgan Stanley's Adam
0:41.0	Jonas downgraded the space today, including moving General Motors to
0:44.8	underperform.
0:45.8	That stock is underperforming today.
0:47.6	It's down by more than 5%.
0:49.1	It does take us to our talk of the tape.
0:51.0	How much more can stocks rise?
0:52.9	Let's ask Tom Lee, he's fun strats
0:54.7	head of research, and see a see contributor,
0:56.5	live with us once again at post-night.
	...

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