Markets try to refocus on fundamentals despite continued geopolitical uncertainty. Stephen Parker of JPMorgan Private Bank joins explains why markets could shift back to earnings and fundamentals if a ceasefire holds and oil prices stabilize. Gregory Daco, Chief Economist at EY-Parthenon, assesses the outlook for growth and what it means for the Federal Reserve. Stifel’s Brian Gardner on the latest updates from Washington and the evolving ceasefire narrative. In tech Kate Rooney breaks down Amazon CEO Andy Jassy’s latest letter and what it signals about AI spending and investment trends. Andrea Auerbach examines a wave of new IPOs and what it means for market liquidity and investor appetite. John Kolovos of Macro Risk Advisors walks through key technical levels shaping the market’s next move.<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: Markets Extend Recent Winning Streak 4/9/26

Closing Bell

# Full Transcript

**Podcast:** Closing Bell

## Transcript

The Bell's bringing an end to the trading day at the NYSE Mountain, ringing the bell. And at the NASDAQ, SunCrete is doing the honors. Welcome to Closing Bell Overtime live from Studio B at the NASDAQ Market Side. I'm Mike Santoli. Melissa Lee is off today. Stocks building on yesterday's relief rally. The Dow adding about 300 points, more than half a percent each upside for the S&P 500 and the NASDAQ.

Today's gain bringing the S&P to within a percent of where it was when the Iran War began and extending its winning streak to seven sessions. We have not had a longer streak of gains since last April's tariff rebound. And a familiar theme once again playing out today, semis versus software. The software slump continuing while chip names move higher. Let's bring in Christina Parks and Nevels for more on today's big movers. Christina. I'll definitely hit those chip names, but stocks, like you said, extending their winning streak for a second day.

Even as oil prices did push higher, energy names the big losers. Texas Pacific land plunged about 15 percent or 15 and a half after a board member, Murray Stahl, passed away. His firm, Horizon Kinetics, is TPL's biggest shareholder. That's raising concerns they might sell part of their stake. Now to Mike's point about chip stocks. They did shine today. Susquehanna talking up semi-equipment as saying higher pricing should help margins at applied material and land research.

Barclays boosting Marvell to a price target of $150. And then you had Sandisk jumping roughly 9 percent from a target price hike from Cantor Fitzgerald. And then Intel did close higher after Google said it would continue to use future generations of Intel chips. Though like the TerraFab deal that we had earlier this week, there was no dollar amount, no timeline provided in this deal.

CoreWeave, another big name, popping more than 3 percent on a massive $21 billion cloud deal with Meta. Bloom Energy, Renova, Eaton, Carrier all up as data center power demand remains hot. And then finally, Disney edging just a little bit higher after sources told CNBC the company plans to lay off roughly 1,000 workers just days after Josh DiMaro took over as CEO. Thank you very much.

Well, now for the software side of the story as the IGV ETF falls 4 percent on the day. Seema Modi watching those named for us. Seema. Significant given the broader market move. AI displacement fears continue to send these stocks lower. Mike, Anthropic attempting to ease those concerns around its latest Mythos AI model by giving 50 tech companies an early look. The list including software giant Microsoft, NVIDIA, cybersecurity companies CrowdStrike, Palo Alto Networks.

The announcement initially boosted sentiment on this notion that the large language models are working with the incumbents. But today, investors we speak to say there's still concern that the latest AI models can only be fixed by the LLMs themselves, ...

Closing Bell Overtime: Markets Extend Recent Winning Streak 4/9/26

Transcript

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Closing Bell Overtime: Markets Extend Recent Winning Streak 4/9/26

Transcript

Built for investment professionals

Every day you wait, your competitors are findingedge in conversations you're not hearing.

Every day you wait, your competitors are finding
edge in conversations you're not hearing.