Jimmy Chang, CIO at Rockefeller Global Family Office, explains why the AI capex boom continues to support the market but argues investors should wait for more earnings commentary before adding to semiconductor positions. Plus, pressure in enterprise software after a Salesforce downgrade and the spike in Oracle&#x27;s credit default swaps. Our Angelica Peebles reports on Novo Nordisk&#x27;s lawsuit against Eli Lilly over Zepbound advertising and what the legal battle could mean for the obesity drug market. Jay Jacobs, U.S. Head of Equity ETFs at BlackRock, discusses the firm&#x27;s new IQQ ETF and how investors are gaining exposure to the Nasdaq 100. EQT CEO Toby Rice explains the outlook for natural gas and energy demand.<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: Big Tech Earnings Set to Take Center Stage 7/21/26

Closing Bell

The Bell's bringing into the trading day at the NYSE. God's love we deliver ringing the bell and at the Nasdaq BlackRock doing the honors to celebrate the launch of a new Nasdaq 100 ETF. We will be joined by their head of equity ETFs a little later on in the show. Welcome to Closing Bell Overtime. We're live from Studio B at the Nasdaq Market Site. I'm Melissa Lee along with Mike Santoli. Stocks higher across the board helped by some strong earnings reports. The Dow gaining nearly 400 points. S&P up nearly a percent. Nasdaq the leader up more than one percent. Chip stocks leading the way. Solid gains for the

Sox and the SMH. Christina Partsinevelos will have more on that coming up. Often when money moves into chips, rotates out of software. We're seeing that today with a Morgan Stanley downgrade acting as one catalyst. We're going to discuss that ahead as well. And of course, we've got some earnings reports. You're watching this hour. Interactive brokers, Capital One, Chubb and EQT. EQT CEO Toby Rice will join us after those numbers cross. So a little bit of ping pong action in terms of finally, you know, we see some action in semiconductors. It was interesting because overnight,

in China, the plunge protection team came in. So state backed sort of asset managers came in at the government's urging to step in and ensure confidence in the sector. A sell-off that was started arguably by Moonshot AI as well as Quen. Exactly. So it started in China and maybe it ended in China. Yeah, we keep kind of passing the baton around the globe. In this case, it did stabilize things, at least in part. And then, you know, yesterday there was an attempted semi-rally.

Closing Bell Overtime: Big Tech Earnings Set to Take Center Stage 7/21/26

Read the full transcript

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

Closing Bell Overtime: Big Tech Earnings Set to Take Center Stage 7/21/26

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.