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Closing Bell

Closing Bell: Trading the Record-Setting Rally 6/14/24

Closing Bell

CNBC

News, Business

4.4139 Ratings

🗓️ 14 June 2024

⏱️ 43 minutes

🧾️ Download transcript

Summary

Ritholtz Wealth Management’s Josh Brown, Solus’ Dan Greenhaus and NB Private Wealth’s Shannon Saccocia weigh in on what could be next for the market. Plus, we discuss the road ahead for the Fed with CNBC Senior Economics Correspondent Steve Liesman. And, Seema Mody drills down on the leg lower in the industrials sector.

Transcript

Click on a timestamp to play from that location

0:00.0

All right, Thai, thanks.

0:02.4

Welcome to Closing Bell.

0:03.4

I'm Scott Wobner live from Post 9 here at the New York Stock Exchange.

0:06.2

This Make-A-break hour begins with what is next for the markets.

0:08.6

The Fed meeting behind us.

0:10.0

Apple shares surging this week.

0:11.8

Earnings, well, there's still a few weeks away so what's

0:14.2

the most important catalyst to drive stocks we'll ask our experts that very

0:18.2

question over this final stretch in the meantime let's show you the scorecard with

0:21.7

sixty minutes to go in regulation

0:23.6

Nasdaq's gone positive actually trying to get there as you see it's back and

0:27.5

forth industrial names though they are dragging the Dow lower and really have

0:31.9

been all day long and that's even as yields fall.

0:35.0

Consumer confidence that was weak today.

0:36.6

You've got some fresh concerns I suppose about the economy.

0:39.5

That's probably why small caps are underperforming the rest of the market. There's the Russell down

0:43.6

one and three quarters percent. As for tech, well Adobe it's the standout after

0:48.2

its earnings. I have to talk about Apple. How can you not? What a week, an amazing week it has been for those shares. We'll watch

0:55.1

him over this final stretch, going for a milestone of its own, and we will watch those numbers

1:00.9

closely. In video, it's turned turned positive it is up by near 2% does take

1:05.0

us to our talk of the tape the state of stocks and this rally. Let's ask Josh

1:09.1

Brown where he thinks the markets are heading. He is with us live on this Friday.

...

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