Closing Bell: What’s Next for the Rally? 4/17/26
Closing Bell
CNBC
4.4 • 139 Ratings
🗓️ 17 April 2026
⏱️ 43 minutes
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| 0:00.0 | Thank you, Brian, and welcome to closing bell. I am Frank Holland in for the judge, Scott Wapner. We are live from post nine at the New York Stock Exchange. This make or break hour, it begins with a roaring stock market. Take a look green across the board. The Dowop, about 870 points off of its highs, but still up about one and three quarters of one percent. The S&P up over 1 percent. The NASDAQ up one in the third. The Russell up 2%. We also have Iran's foreign minister declaring the straight of Hormuz, quote, completely open. Sending the major soaring. Let's get straight to the scorecard with 60 minutes to go on regulation. I just hit the Dow, the S&P, and the NASDAQ. As we mentioned, everything's higher. Oil plunging. following that announcement, that supply disruption fears, they ease. |
| 0:39.8 | Other sectors also surging on the news. |
| 0:41.6 | We're looking at cruise lines. |
| 0:42.8 | Take a look at the action there. |
| 0:44.3 | You see rural Caribbean up almost 8% Norwegian up about six. |
| 0:47.4 | Airlines also rebounding. |
| 0:49.2 | United up almost 7%. |
| 0:50.6 | Tech also roaring back. |
| 0:52.5 | Oracle AMD of Microsoft all up double digits for the week and we are |
| 0:56.8 | also watching washington anthropic CEO is preparing to have a meeting at the white house to discuss |
| 1:02.0 | the company's new mythos model we'll have a live report on that coming up in just a bit it all takes us to |
| 1:07.7 | our talk of the tape and what's next for this record-setting rally? |
| 1:15.1 | Let's bring in Partners Group, Anastasia Anna Moroso, who joins me right here at Post 9. |
| 1:26.0 | What a day to have you here, Anastasia? Good to see, Frank. Okay. We're on pace for new record highs, okay? Is this a rally that you would quote-unquote chase? We have Jonathan Criskey from B-T-I-G, excuse me, |
| 1:27.3 | coming up just a bit later in the show. |
| 1:28.8 | He says, don't chase this. |
| 1:29.8 | Would you chase it? |
| 1:27.7 | I mean, look, right here, right now, probably not. We've had a monster week. We had a monster couple of weeks, and the snapback has been so large in magnitude and so quick. So maybe not right here right now. But I will say the rally has occurred, Frank, for good reasons. And the good reasons are that oil is not at $100 or $120 anymore. |
| 1:47.6 | It is declined. right now. But I will say the rally has occurred, Frank, for good reasons. And the good reasons are |
| 1:44.5 | that oil is not at $100 or $120 anymore. It is declining, probably not to 60 where it was before the |
| 1:50.5 | war, but 70 or 80. And that is more than digestible by the global economy. So not right here, |
| 1:56.4 | but I will say that there's a lot supporting the economy, otherwise on the consumer front, on the corporate front, on the AI front. So from a longer term perspective, let's say we ease off a little bit of the current levels. I will say the narrative is back to where it was before the war started back to February, and it was quite constructive. So give it a little bit of a pause, but yes, probably still continue with it. |
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