Closing Bell: Trading a Broadening Tape 9/12/24
Closing Bell
CNBC
4.4 • 139 Ratings
🗓️ 12 September 2024
⏱️ 43 minutes
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| 0:00.0 | All right, guys, thanks very much and welcome to Closing Bell. |
| 0:03.5 | I'm Scott Walker, live today from San Francisco One Market Out here. |
| 0:06.4 | This make a break hour begins with the continued rebound for stocks, which are now |
| 0:10.6 | tracking for their fourth straight day of gains led by a big |
| 0:13.4 | bounce for tech. Let's show you the scorecard with 60 minutes to go in |
| 0:16.4 | regulation. Major averages are all higher today. You see the gains right |
| 0:20.1 | here nicely for the NASDAQ and there's the Russell leading the way today getting a pretty nice bid and that is following that in line |
| 0:26.7 | PPI report today a big day for big tech and video is higher once again it's now up more than 15% this week alone. |
| 0:35.8 | Several other chip names too, they are up sharply. As that trade gathers some steam, |
| 0:40.1 | a nice rebound across the board, almost there's broad com up more than 4% |
| 0:44.5 | a md Taiwan semi how about meta and alphabet they're jumping as well today does take us |
| 0:49.3 | to our talk of the tape how best to play the markets right now as the tape tries to broaden once again? |
| 0:55.0 | Let's welcome in Dan Greenhouse. He's the chief strategist for Solis alternative asset management. |
| 1:00.0 | It's good to see again. |
| 1:01.0 | Thank you, sir. |
| 1:02.0 | It's been really a fantastic three days here. What do you make |
| 1:06.7 | of this rebound? Listen I we've talked about this and all of us on the show have |
| 1:11.8 | talked about this for some time. |
| 1:14.0 | Recession worries are lingering in the air. |
| 1:17.1 | The latest thing obviously are the comments coming out of some conferences. |
| 1:20.1 | You were at one, the real estate conference where some financials made some |
| 1:24.0 | negative comments, gained some play, but listen I think at the end of the day, my |
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