Welcome to Closing Bell, I'm Mike Santoli in for Scott Wopner.

This make-a-break hour begins with an unsettled market, chopping lower to finish out a week of

erratic rotation.

Let's take a look at the scorecard with 60 minutes to go in regulation.

The S&P 500 on pace for a weekly loss of more than 1%, almost 2%.

It would be it's worth in about three months, though, it does remain just around 3% off its recent record highs

the equal weighted version of the S&T is around flat for the week. Now big out performers

from the first half continue to surrender their winning semiconductors off nearly 3% today, down 8%

or so this week and more than 10% from their record high, with the NASDAQ 100 also in retreat from its record high that pull back now 5%

plus the small cap Russell 2000 does continue to outperform though even it has

given back about a third of that huge five-day

surge into Wednesday on those soft landing and fed rate cut hopes. Now all of this

churn has the Vicks at a three-month It's traders seek protection with all these headlines flying.

You see it up 16.5 right now.

Which brings us to our talk of the tape.

Is this still a healthy broadening of the bull market

or the stirrings of the year's first proper

correction. We'll discuss with our experts including RBC's Lori Calvasina in just a moment, but first we are keeping

a close eye on shares of CrowdStrike and

Microsoft as the world continues digging out from a global computer outage to

culprit and update CrowdStrike sent for its Microsoft Operating Systems

clients.

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