Year-end rally arrives, Musk’s message to Tesla employees, Top consumer picks 12/29/22

Stocks rallied in the penultimate session of the year, with the Nasdaq leading the gains, closing higher by more than 2.5%. Market experts Tom McClellan and Kathryn Rooney Vera weigh in on the rally and their outlook for stocks in the new year. Tesla rebounded from its recent softness, helping lead the Nasdaq charge. CNBC.com’s Lora Kolodny reports on a new memo from Elon Musk, telling employees to ignore the “stock market craziness.” Analyst Sharon Zackfia from William Blair discusses her top consumer discretionary pick for 2023. Plus the latest on Netflix, chips, and reports of coming layoffs at Goldman Sachs. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.