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

This make-or-break hour begins with stocks levitating into a new weekend on track

for another set of record highs.

We'll discuss this big run with our experts, including

Black Rocks Rick Reader, in just a few minutes.

The usual strength, it continues in semiconductors today led by Broadcom. Also though joined by a broader

selection of stocks the Naztec 100 have to say still at the center of the

action here up about a percent and a half and not too far from the 20,000 level which is not something we had necessarily anticipated.

There's the composite up 1.2% as well.

With consumer and industrial names are participating in the gains,

although to a lesser degree.

Now despite ongoing concerns about this narrow bull market leadership

three Wall Street firms have raised year-end S&P 500 targets today as the first

half winds down, bowing to the persistent

strength of that benchmark. Treasury yields me time up a few ticks on a quiet day

for macro news though the 10-year remains under 4.3%, is well below where it sat before last week's Federal Reserve

meeting and a series of somewhat reassuring inflation readings.

It takes us to our talk of the tape.

Where are we on the path toward that hoped-for-soft economic landing? to our

talk of the tape.

are we on the path toward that hope for soft economic landing

and our financial market's correct in their read of the Fed's current stance.

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