Closing Bell
Closing Bell: Second Half Set-Up for Stocks 6/24/24
Jun 24, 2024
Market analysts and financial experts Dan Greenhaus, Shannon Saccocia, Dan Chung, and Jeff DeGraaf discuss the second-half stock market outlook, Nvidia's sell-off, and potential sector breakouts. Insights on market dynamics, tech-led rally warnings, and predictions for the remaining year are shared in an engaging and informative discussion.
42:37
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Quick takeaways
- Energy sector rally boosted by drilling activity and positive stock performance.
- Bitcoin sell-off impacts broader market sentiment and high growth stock movement.
Deep dives
Energy Sector Rally
The energy sector has seen a significant rally with drillers leading the way as Brent crude tops $86 and natural gas gains momentum. Companies like APA, Devon, Kotor, and OXI are up over 4%. Positive drilling activity also benefits services names like SLB and Baker Hughes. However, refiners like Marathon Petroleum, Valero, and Phillips 66 have lagged due to ongoing soft gasoline demand.
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