Closing Bell Overtime: Parsing Powell; S&P 500, Nasdaq Records; Exclusive Interview with Rubrik CEO Bipul Sinha 6/12/24

Published: June 12, 2024, 9:11 p.m.

b'The S&P 500 and Nasdaq closed at record highs after Fed Chair Jerome Powell\\u2019s press conference and the decision to hold rates steady. Jefferies Chief Market Strategist David Zervos and Invesco\\u2019s Kristina Hooper break down the market reaction and where things could go from here. Rubrik stock tumbled 9% despite beating on both lines and providing strong guidance in its first report as a public company; CEO Bipul Sinha on the current cybersecurity landscape, winning market-share and AI. Earnings from Dave & Busters and Broadcom; Bernstein\\u2019s Stacy Rasgon breaks down numbers from the chipmaker. Citi Head of Investment Banking for NA John Chirico lays out the environment for M&A and IPOs and the Fed\\u2019s impact on both.'