Welcome to Closing Bell. I'm Scott Wobner live from Post 9 right here at the New York Stock Exchange.

This make-a-break hour begins with ripping rates and falling stocks.

The tenure hitting a fresh new high today, which means big shocker.

Equities begin October, much like they ended the previous month

mostly lower here's a scorecard with 60 minutes to go in regulation as we show you

the major averages as well I want you to pay really close attention over this final hour to what's happening within the S&P 500 today.

Specifically utilities suffering their biggest decline in more than a decade.

Look at that loss.

You just don't see a sector move to that degree all that often

down more than 5% probably on the continued move in interest rates. It's a

stunning sell-off there today. Materials, energy staples also decidedly weaker.

Elsewhere, tech and communication services have been about the only bright spots.

There they are still hanging on to green, and it's probably kept the market picture from

looking a whole lot worse as well.

Names like NVIDIA, Apple, Alphabet, Amazon, and Meta all getting a little bit of a lift today.

Takes us to our talk of the tape, whether the fourth quarter will deliver better for investors as history suggests it often does or

is this year's hill just too steep to climb. Let's ask Cameron Dawson, Chief Investment

Officer at New Edge Wealth. She's here with me at Post 9. Nice to see you.

First thing you said when you sat down, utilities, wow, right?

It's pretty stunning to see a sector move to that degree.

It is incredibly stunning and of course there is that yield impact if you look at the utility sector it now has a dividend yield of an entire hundred basis points less than the 10 year Treasury.

So why take on the risk of compliance and regulation and

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