Closing Bell: The “Wall of Money” 6/5/24
Closing Bell
CNBC
4.4 • 139 Ratings
🗓️ 5 June 2024
⏱️ 42 minutes
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| 0:00.0 | All right, guys, thank you. |
| 0:02.0 | Welcome to Closing Bell. |
| 0:03.0 | I'm Scott Wobner, live from Post 9 here at the New York Stock Exchange. |
| 0:05.4 | This make a break hour begins with a new high for the NASDAQ, |
| 0:08.8 | new intraday highs for the NASDAQ and S&P, by the way. |
| 0:12.0 | And the so-called wall of money that Goldman Sachs |
| 0:14.7 | says can keep this rally running. We'll explain coming up, ask our experts |
| 0:19.4 | whether they agree with that. In the meantime, take a look at the scorecard with 60 minutes to go in |
| 0:24.3 | regulation. We're higher across the board today. I said we're new intraday records |
| 0:28.2 | for the S&P, new intraday for the NASDAQ. We're going to have closing highs it looks like for both of those |
| 0:33.8 | two and we'll track it over the final stretch it's led today by tech and video moving |
| 0:37.5 | higher yet again how about apple approaching $200 a share It's been on a tear lately |
| 0:43.6 | and that ahead of that worldwide developers conference |
| 0:45.8 | next week will be there live. |
| 0:47.6 | Economic data, bit weaker again today. |
| 0:49.7 | Once again, sending fields lower, the 10 cracking 4.30 a little earlier and there it is under that level today |
| 0:57.6 | But unlike past days yields down stocks are up |
| 1:00.5 | Remember it wasn't exactly the case over the last couple of days. It is helping |
| 1:04.2 | the Russell today and that's been up nicely. It does take us to our talk to the tape. The road |
| 1:08.2 | ahead for stocks and what could fuel this next leg of this record setting run. |
| 1:11.3 | Let's welcome in Greg Branch. He is Branch Global Capital |
| 1:14.5 | Advisors founder with me here at Post Nine. It's been a minute. It's good to see |
... |
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