The bell is bringing an end to the trading day at the NYSC.

Radiant Group ringing the bell and at the NASDAQ, deep blue sports and entertainment. Welcome to closing bell overtime. Live from Studio B at the NASDAQ market site. I'm Melissa Lee along with Mike Santoli. Another interesting day for the markets. The Dow jumping at one point getting very close to an all-time high, closing just short of a record high. But the S&P 500 was down, and the

NASAC hit hard once again by a decline in software stocks. More in the market straight ahead.

We also have another busy hour of earnings coming up, including Google, of course. Will

its results and commentary slow the software slide or maybe make it worse? We're also waiting

for Qualcomm, Arm, Snap, and several others.

But let's start with Sima Modi with more color on today's market action.

Well, my worries around the advancement of AI continue to send software stocks lower the IGV software

ETF, which we've been talking about throughout the day, recording its seventh day of losses,

down 15% during that time period. We've been hearing

that hedge funds have been increasing their short bets and separately short sellers have already

made about $24 billion in software this year. That's according to data from S3 partners. Now today's

biggest losers, App Loven, cipher mining following a debt deal and Pallentier giving back its big gains tied to earnings.

We did see some buying in names that have underperformed as of late, Adobe Workday, Salesforce, and Tyler Technologies following a $1 billion stock buyback.

That's a positive sign, especially if we see other companies follow suit.

Now, within large caps, Apple posting notable gains and now just about 3% away from its recent high,

Amazon, Google, pulling back ahead of earnings, chip stocks posting their biggest one-day drop since October

following AMD's AI Demand Outlook, which really failed to impress the street.

Bank of America remaining bullish, upping its price target on that

stock to $280 from $260. Lastly, the AI industrial names trading down today, Caterpillar on some

insider selling. We saw GE Vernova close down over 4%. All right. Seema, thank you very much.

Sima Modi. What did you make in the market action? Just violent internal shifts

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