Buzzberg Cup Live

Market Close: Stocks Higher, Dow At New All-Time High, World Cup Betting Soars 7/6/26

Watch on YouTube ↗  |  July 06, 2026 at 20:57  |  3:58  |  CNBC
Speakers
Tom Lee — Managing Partner & Head of Research, Fundstrat
Contessa Brewer — CNBC Correspondent
Jessica Ettinger — Anchor, CNBC
Megan Cassella — CNBC Correspondent
Leslie Picker — Chief Correspondent, CNBC

Summary

CNBC's Jessica Ettinger reports on a record high for the Dow above 53,000 and a rotation back into tech, with Fundstrat's Tom Lee forecasting a strong July for stocks driven by upside earnings surprises. The episode also highlights a World Cup betting boom that set records at Caesars and FanDuel, and covers SpaceX's upcoming addition to the Nasdaq index.

  • Dow closes above 53,000 for the first time ever
  • Tech stocks rally as money rotates out of defensive sectors
  • Fundstrat's Tom Lee calls for a strong July, citing Q2 earnings upside that will make stocks cheaper
  • 529 'Trump accounts' for children go live, with President promoting Dell computers
  • SpaceX set to join the Nasdaq index after fast-track rule change
  • World Cup betting volumes explode, with record handle at Caesars and FanDuel
Ideas
Tom Lee Managing Partner & Head of Research, Fundstrat 0:53
Strong July for stocks on earnings upside
Second-quarter earnings will surprise to the upside, lowering the market's P/E ratio and making stocks cheaper, which will lead to a strong July for stocks.
SPY MED
Contessa Brewer CNBC Correspondent 2:51
World Cup betting boom boosts sportsbooks
World Cup betting volumes are surging to records, with Caesars setting new soccer betting records and FanDuel seeing 90% of handle on USA, creating strong revenue tailwinds for sports betting companies.
CZR FanDuel (Flutter Entertainment) MED
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This CNBC video, published July 06, 2026, features Tom Lee, Contessa Brewer discussing SPY, CZR, FanDuel (Flutter Entertainment). 2 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Tom Lee, Contessa Brewer  · Tickers: SPY, CZR, FanDuel (Flutter Entertainment)