Dan Skelly of Morgan Stanley Wealth Management examines whether the market needs broader participation beyond its recent winners and explains why rotation could be critical for the rally&#x27;s next phase. FedEx provides an early read on the economy. Jonathan Chappell of Evercore analyzes what they signal for transportation demand, shipping activity and broader growth trends. Oue Leslie Picker reports on Apollo&#x27;s decision to curb withdrawals, putting fresh attention on private markets and investor liquidity. Brent Thill of Jefferies tackles a key question for technology investors: are gains in Microsoft and Salesforce the start of a durable recovery or simply a short-lived bounce?=Matt Bryson of Wedbush reacts to Cerebras earnings.<br><br>Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Closing Bell Overtime: Tech Recovers From Sharp Early Losses But Closes Lower As Investors Weigh Recent Gains 6/23/26

Closing Bell

The Bell's bringing an end to the trading day at the NYSE, Devon Energy, and at the NASDAQ, FIETH Therapeutics doing the honor. Welcome to Closing Bell Overtime live from Studio B at the NASDAQ Market Site. I'm Mike Santoli. Melissa Lee is off today. Stocks down big once again. The S&P 500 off just about 1.4%. The NASDAQ losing about 2.2%. The hottest stocks getting hit the hardest, particularly Micron Technology. We'll get more on that stock ahead of its results tomorrow.

And we've also got some results we're watching today. Cerebris, its first report as a public company. FedEx and KB Home also due out this hour. We'll bring you those numbers when they cross. Let's start with another day of losses for tech. Christina Partsinevelos and Nevelis joining me here just to get below the surface a little bit. Yeah, and let's start with the fact that you had, you spoke about stocks open sharply lower, studied by mid-day. But Alphabet, NVIDIA, Oracle, Tesla finished in the red, really building on steep losses in big tech from just yesterday.

Some even calling the Mag 7, Lag 7 now. The trigger, though, came overnight out of South Korea. The Kospi fell nearly 10%. SK Hynix, Samsung Memory Makers really make up about half of that index, both dropping more than 12%. Then you also had Korea's top regulator admitted it moved too fast, approving levered chip ETFs, helping push margin debt to a record over there. That leverage unwind really showed up here to the SOX, so S-O-X-L ETF, lost 23% just today, spreading it.

Closing Bell Overtime: Tech Recovers From Sharp Early Losses But Closes Lower As Investors Weigh Recent Gains 6/23/26

Read the full transcript

The candid version is on a podcast,
not the earnings call.

Closing Bell Overtime: Tech Recovers From Sharp Early Losses But Closes Lower As Investors Weigh Recent Gains 6/23/26

Read the full transcript

The candid version is on a podcast, not the earnings call.

The candid version is on a podcast,
not the earnings call.