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Closing Bell

Closing Bell: The Risk-Reward for Investors 01/09/24

Closing Bell

CNBC

News, Business

4.4139 Ratings

🗓️ 9 January 2024

⏱️ 44 minutes

🧾️ Download transcript

Summary

What is the outlook for stocks in this new year? Trivariate’s Adam Parker and Nicole Webb of Wealth Enhancement Group reveal what they’re expecting. Plus, Skybridge’s Anthony Scaramucci breaks down the looming bitcoin ETF deadline, his Fed forecast and more. And, there were some big moves in the consumer space. We drill down on the moves in the restaurants and retail today.

Transcript

Click on a timestamp to play from that location

0:00.0

All right, Kelly, thanks so much.

0:01.8

Welcome to Closing Bell.

0:02.6

I'm Scott Wobner live from Post 9

0:04.2

here at the New York Stock Exchange.

0:05.7

And this make-a-break hour begins with the road ahead

0:07.8

for Big Tech.

0:09.1

Nasdaq's outperforming for a second straight day.

0:12.0

However, conviction does seem a little bit thin. Big question

0:15.8

remains, are these stocks still the best bet in this market or not? We're going to ask

0:20.0

our experts over the final stretch. The meantime, take a look at your scorecard here with

0:23.7

60 minutes to go in regulation. Tech's been mostly green. You see the NASDAQ's still hanging

0:28.1

on. It's not that strong though. I mean, NVIDIA is. Microsoft's okay.

0:32.7

Alphabet Amazon, they're higher.

0:34.2

Not as much as earlier, though.

0:35.6

We're gonna watch those closely over the final hour here.

0:38.2

There has been a weakness again in Apple.

0:40.3

Tesla's in the red two by about 2.5 percent.

0:43.0

Com services is barely green.

0:45.0

And not much going elsewhere, not for the other S&P sectors.

0:48.0

Energy, well it's a drag today along with materials and financials.

0:52.0

You see them there sliding across the board.

0:54.6

Boeing. Well it's in the red again as well. The company facing more fallout from that

...

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