Downbeat data and Hawkish Fed speak sending the market's tumbling here in early

trading but we've come well off the lows throughout the session we're actually at the

highs of the day still down across the board this is the make or break hour for your

money welcome everyone to closing bell I'm Sarah Eishen. Take a

look at where we stand in the market down 140 on the Dow. Got as low as down

410 earlier in the session. We've been steadily climbing back ever since.

The S&P 500 down 4 tenths of 1%. You've got every sector lower right now.

Utilities at the bottom of the pack, the NASDAQ down. Half a percent, again, looking a lot better than how we were looking this morning

after we got that wholesale inflation number. Another hot reed on inflation. Ten-year Treasury,

no yield, higher. 3.845. coming up on the show today we're going to

unpack this week's muddled economic picture what it means for the Fed's

past when we are joined by the former Treasury Secretary Jack Lou and then later we've got an exclusive interview with SNAP CEO Evan Spiegel,

fresh off of the company's Investor Day presentation,

will get his outlook for user growth,

his read on the digital ad landscape and much more.

First up, senior markets commentator Mike Santoli

here to break down all the action at the market dashboard

and we were speaking about the resilience really

of this market. Could have sold off a lot

harder given what we've how we've come into it and some of the data.

Another morning dip it does get bought again sorry you know every day for the last two

weeks the low for the day and the S&P 500 has been within 1% of the 4100 mark.

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