Guys, thanks so much. Welcome to Closing Bell. I'm Scott Wopner live from one market in San Francisco.

This make or break hour begins with the outlook for stocks. 24 hours after the Fed signaled

interest rates could be much higher for far longer than the markets thought.

That surprise, setting interest rates higher, stocks lower, and that dynamic, as you probably

know by now, continues today.

There's your scorecard with 60 minutes to go in regulation.

Stocks in the red throughout, not significant losses but nonetheless weaker across

the board. The Dow dragged by Cisco today after that company announced it would buy Splunk for almost 28 billion

dollars and speaking of Tech Nasdaq the weakest of the three majors following the

Fed decision and chair pals comments.

NVIDIA and Amazon among the weaker names today. and

chair pals comments.

I did mention yields to you.

They are the real story of this day.

They hit fresh cycle highs across the curve, and that's probably taking a toll on tech as well today. It does take us to our talk of the

tape. Whether the Fed just upended hopes that the rally in stocks might soon resume.

Well, let's ask Cameron Dawson, Chief Investment Officer for New Edge Wealth, back with us today.

It's good to see you. Is that what happened yesterday? Did the Fed do that?

I think that the reality that higher yields is definitely setting into this market has been one of the

things that has surprised us the most this year this ability for the market to

shrug off a tighter Fed and higher yields but I think now we're at the point

where the market looks around and says hey

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