Closing Bell: What to Do at Record Highs 4/16/26
Closing Bell
CNBC
4.4 • 139 Ratings
🗓️ 16 April 2026
⏱️ 43 minutes
🔗️ Recording | iTunes | RSS
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| 0:00.0 | All right, welcome to closing bell. I'm Scott Wapner, live from Post 9 here at the New York Stock Exchange. |
| 0:04.0 | This maker breakout begins with stocks at record highs. Let's show you the scorecard here with 60 to go in regulation. |
| 0:09.2 | S&P is extending its. NASDAQ is two, but as you can tell, the market is not as robust as it was just a couple of hours ago, |
| 0:18.6 | because we did take a hit during the noon hour on a headline about a deal to end the war |
| 0:23.1 | taking longer than many have been anticipating. |
| 0:26.0 | We'll tell you exactly what that was about in just a moment. |
| 0:28.5 | Oil's up today, too. |
| 0:29.7 | Energy stocks, they're leading. |
| 0:31.1 | No big surprise there. |
| 0:32.3 | Names like Exxon Chevron and Conoco Philips doing well. |
| 0:35.1 | Tech's been a ripper lately, and it is up again today. Look at Microsoft. Another solid day. It's been a huge week, by the way, for that stock. We'll have more on that coming up. The broader software comeback continuing as well, the IGV extending a big week of its own. Look at that. It's up 13% this week. Much needed, right? Elsewhere banks, they're mostly lower today. Goldman's green, though, about two-thirds of one percent. Takes us to our talk of the tape. What do we do now at record highs? We're going to ask our panel of that question in just a moment. First, though, we go to Megan Kissela. She's at the White House for more on that headline. She's in our DC Bureau, excuse me, with that headline that moved the markets today. Hi, Megan. Hey, Scott, that's right. So that was a Bloomberg headline initially in the noon hour that said some European and some Gulf officials thought that it might take about six months or more to reach a deal between the U.S. and Iran. But then President Trump spoke in the last hour with reporters on the status of that war and the ceasefire that's set to expire on Tuesday with a little bit of a different tune. |
| 1:31.5 | He said he would extend the ceasefire if he needed to if a deal was close. |
| 1:35.6 | But he also suggested that a deal might be even possible before that Tuesday deadline. |
| 1:40.6 | Take a listen. |
| 1:42.5 | I'm not sure it needs to be extended. |
| 1:45.6 | Iran wants to make a listen. I'm not sure it needs to be extended. Iran wants to make a deal, and we're dealing very nicely with them. |
| 1:51.4 | We've got to have no nuclear weapons. |
| 1:53.6 | That's a big factor. |
| 1:56.1 | And they're willing to do things today that they weren't willing to do two months ago. |
| 2:00.8 | So the president was leaning overall towards this possibility of notching a deal They're willing to do things today that they weren't willing to do two months ago. |
| 2:06.4 | So the president was leaning overall towards this possibility of notching a deal and extending the ceasefire if needed. |
| 2:11.4 | But he did also say to reporters that if there's no agreement, then the fighting will resume. |
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