Closing Bell: Wall Street’s Waiting Game? 6/13/24

Closing Bell

CNBC

News, Business

4.4 • 139 Ratings

🗓️ 13 June 2024

⏱️ 34 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Can Wall Street stay patient as long as the Federal Reserve as we await confirmation of a soft economic landing? Our all-star panel of Joe Terranova, Courtney Garcia and Adam Parker break down their market forecasts. Plus, BofA Global Research’s Jill Carey Hall tells us where she is finding opportunity in small caps. And, Morgan Stanley’s Michael Mauboussin looks under the surface at market breadth … and what it might mean for the future of this rally.

Transcript

Click on a timestamp to play from that location

0:00.0	You're listening to Closing Bell in Progress.
0:04.0	That has been President Biden and President Zelensky of Ukraine at the G7 meeting in Italy,
0:09.0	announcing a new security agreement as well as a 50 billion billion loan backed by Russian assets and a new set
0:14.6	of sanctions against Russia to back Ukraine's war effort there.
0:18.8	Welcome to Closing Bell.
0:20.1	I'm Mike Santoli in today for Scott Wopner.
0:22.8	This make-a-break hour begins with another day of chips and dips.
0:26.2	AI-propelled semiconductor leaders broad-com in NVIDIA
0:29.2	holding the S&P 500 up and NASDAQ as well near record highs while a hefty majority of stocks pull back.
0:36.0	Any positive close for the S&P and NASDAQ would be a fresh all-time high while the Dow
0:40.4	as you see there continues to lag.
0:42.3	It's about 3.5% below it's all time
0:44.5	high above 40,000 small cap stocks also struggling today the Russell 2000 down by
0:50.0	almost 1% after a little bit of a pop yesterday.
0:53.2	That even with Treasury yields falling sharply today,
0:55.8	following an encouraging wholesale inflation reading
0:58.3	and uptick in unemployment claims this morning.
1:00.1	You see the 10-year down below 425.
1:03.2	It actually was at 4.5 just a couple days ago,
1:06.2	about 4.60, 2 weeks ago.
1:08.8	We start with our talk of the tape.
1:10.4	Can Wall Street stay patient as long as the Federal Reserve can as we await
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from CNBC, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of CNBC and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.