Stocks are well off the lows of the session.

In fact, we're at the highs of the day right now as investors try to figure out

whether the goalposts are moving on the Fed's rate height strategy,

the NASDAQ seeing the sharpest decline as we head into the close.

This is the make or break hour for your money.

Welcome everyone to Closing Bell.

I'm Sarah Eisen.

Take a look at where we stand in the market.

Nas X down, as I mentioned, 6 tenths of 1%.

The Dow is positive and it is up now. As I mentioned at the highs, up 138,

spend most of the day lower. The S&P 500 under pressure by about a third of 1%.

You do have some groups that are green that's the defensive groups like

consumer staples, utilities and health care. That's what's leading this market.

Technology, materials, real estate, communication services, they're all down.

Here's the scorecard though for the week on the major averages because despite the zigging and

zagging, Dow S&P 500 are lower by a bit.

The NASDAQ faring better, it's actually higher for the week week and the Russell 2000 index of small caps on pace for a decent week of gains.

If you look at the best performing sector of the week, that would be consumer discretionary.

Names like Tesla really helping out. energy got hit hard this week down 6.6%.

Coming up on the show today, we'll talk to Citigroup's chief U.S. economist about his outlook for the Fed after all of this week's data and why he

says it's becoming more likely that rates stay higher for longer. Later, Spruce

Point capitals Ben Axler will tell us why he is shorting C3 AI

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