If Market Holds Current Levels: Buy, CNBC's Grasso Advises

Investors should wait and see if the market holds today's highs before buying into it, CNBC's Steve Grasso said on Friday.
By Lindsay Rittenhouse ,

NEW YORK (TheStreet) -- The market needs to hold its highs for anyone to consider buying into it, CNBC's Steve Grasso advised on "Closing Bell" Friday.

"I'm not sure we can do that but the market has defied all laws of probability," Grasso noted.

Although, the Federal Reserve did "push everyone into the market place" and if it leaves interest rates unchanged, "there is no alternative," he continued.

The Dow Jones closed higher today by 0.29% to $53.62, the NASDAQ ended trading up by 0.52% to $26.26 and the S&P 500 closed up by 0.46% to $9.86 today.

CNBC's Kelly Evans asked open financial estimate platform Estimize CEO Leigh Drogen what the most important earnings are to watch from here.

"Enterprise tech. It's really the only thing with a lot of growth right now," Drogen replied.

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