Closing Bell: Major market rally to end the week, Fed in focus, Snap on the sidelines 10/21/22

Stocks surged in Friday trading as investors keyed in on more dovish commentary from the Fed. DoubleLine’s Jeff Sherman weighs in on the latest messaging from the central bank and the big move this week in bond yields. Snap was a major underperformer on the back of earnings, as advertising headwinds came into focus. Barton Crockett from Rosenblatt and Andrew Boone from JMP join to debate if you should buy the dip. Plus Ariel’s Charlie Bobrinskoy and Kristina Hooper from Invesco share thoughts on the rally and if they think it has legs.

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From the open to the close, “Closing Bell” and “Closing Bell: Overtime” have you covered. From what’s driving market moves to how investors are reacting, Scott Wapner, Morgan Brennan and Jon Fortt guide listeners through each trading session and bring to you some of the biggest names in business.