Watch: Kevin Simpson Comments on Economy and Stock Market

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S&P hits record ahead of Apple, Amazon

The S&P 500 and the Nasdaq notched record highs on Thursday thanks to earnings optimism, but investor sentiment soured after the close when Apple and Amazon posted disappointing quarterly results. Conway G. Gittens has the market action.

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Markets opened lower as stocks continue to slump on inflation, recession fears. Target shares were in focus as the retailer posted weaker than expected Q1 results, citing higher costs and supply chain shortages. Josh Smith, Co-Portfolio Manager, Capital Wealth Planning joined Cheddar’s Opening Bell to discuss.


Watch: Kevin Simpson on CNBC Overtime

Kevin Simpson joins ‘Closing Bell: Overtime’ to discuss his view on markets and the impact of inflation on retail names, including Walmart.