Thank you, Tyler, and Kelly stops falling hard as inflation hits a four decade high.

The most important hour of trading starts now.

Welcome everyone to Closing Bell. I'm Sarah Eisen.

Take a look at where we stand in the market.

We are down more than 600 points on the Dow.

At the lowest of the session, we were down 853.

So we're off that point, but it is still a sea of red on Wall Street.

What's working right now? Some of the consumer

staple names in the Dow that's Walmart, P&G, Verizon, and Coca-Cola all

higher everybody else lower. Goldman Sachs and Microsoft weighing the most on

the Dow there's the S&P 500 down 2%. The NASDAQ

getting hit even harder on those rising rates. We're seeing it in the Treasury

market down almost 3% right now. We're looking at another week of declines.

Long is losing streak for the Dow since back in the 1930s.

Take a look at the sectors weighing most right now on the S&P 500.

You've got everything down except for staples. That's the highest performing

sector. Consumer discretionary is the worst and pretty much all the

components there from travel names even which have held up relatively well to

Amazon.com and

Tesla all week or today technology, financials, materials, and

industrials are bringing up the rear. If you think it's ugly here look at the

action in Europe. They're also dealing with higher inflation and

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