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

This make or break hour begins with Apple acting as the biggest drag in an otherwise broad fed follow-through rally.

Apple shares off about 4% tracking for their worst day in almost 8 months after the Justice Department sued the company for allegedly stifling competition and consumer choice in its iPhone ecosystem.

You see it down more than 4%.

S&P 500, meantime, up a little more than a third of 1%.

Actually, not far from its lows for the day it had been up closer to two-thirds of

1% a bit ago led by AI chip leaders Broadcom and NVIDIA the AI winners and a raft of Consumer and Financial names celebrating that

dovish J Powell press conference yesterday

and a potential soft landing.

But the index would be a quarter percent higher still if not for that

drag from Apple which takes us to our talk of the tape is this long rumored

antitrust threat to Apple the real thing and how might it change the

equation more broadly protects market

leadership. Our tech correspondent Steve Kovac and Apple shareholder Joe

Terraova are here to discuss that. Its first turn to Steve for the details of the case and Steve it's a

pretty broad one. Yeah and I think that's why we're seeing the reaction the

shares that we are seeing today Mike because look this covers just about

everything Apple makes there's you you know, message, talk about I Message, Siri, Apple TV Plus, the advertising business

in the App Store, on and on and on.

They make a case that DOJ does an allegations it here that

just about everything Apple does is designed to keep people locked into the

ecosystem and upgrading their iPhones and hindering competition,

...