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Closing Bell

Closing Bell: Volatility Until the Vote? 10/28/24

Closing Bell

CNBC

News, Business

4.4139 Ratings

🗓️ 28 October 2024

⏱️ 42 minutes

🧾️ Download transcript

Summary

From the open to the close, “Closing Bell” and “Closing Bell: Overtime” have you covered. From what’s driving market moves to how investors are reacting, Scott Wapner, Jon Fortt, Morgan Brennan and Michael Santoli guide listeners through each trading session and bring to you some of the biggest names in business.

Transcript

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0:00.0

Welcome to Closing Bell and Scott Wotner live for post 9 here at the New York Stock Exchange.

0:03.2

This make or break hour begins with the countdown to Big Tech earnings 24 hours before alphabet reports

0:08.6

and with the NASDAQ riding a seven week winning streak.

0:11.0

So we'll ask our experts what's really at stake over the next four days in the meantime

0:15.2

Let's show you the scorecard with 60 minutes to go in regulation. We do have green across the board today for the majors led by

0:22.2

Financials and Utilities utilities it is the Dow

0:24.4

outperforming of three quarters of 1% even a rise in yields not enough to derail stocks

0:28.9

today as the 10 year hits its highest level since the summer.

0:33.1

We'll get the jobs report this Friday as well.

0:35.3

Fed meeting, looming, the election and all of that.

0:38.1

It does take us to our talk of the tape.

0:39.6

Where does this rally go from here?

0:41.8

Let's ask our panel, Joe Terranova,

0:43.4

Chief Market Strategist,

0:44.5

Verus Investment Partners, and a CNBC contributor,

0:47.2

along with Samir Samata,

0:48.9

Wells Fargo Investment Institute.

0:50.2

Good to have you both with us.

0:51.3

All right, Joe. What's riding on this week?

0:53.7

Let's just lay it right out.

0:55.3

I think plain and simple, it's the mega cap earnings. It's hearing from companies like

0:59.4

Alphabet, Microsoft, and Apple, hearing in fact what the direction of their revenue growth is and

...

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