All right, welcome to closing bell. I'm Scott Wapner, live from Post 9 here at the New York Stock Exchange.

This maker breakout begins with tariff uncertainties weighing on stocks yet again.

Let's show you the scorecard here with 60 to go in regulation.

Tough day all around, as you can see for the majors.

Look at the Dow, down by more than 800 points, at least 1% declines across the board.

In some cases, much more so.

Defensives, not surprisingly, staples, healthcare, they are leading the way today.

Financials, man, getting crushed today.

Their worst day since April, both the big banks like Citi, J.P. Morgan and Goldman Sachs,

and then the private equity names.

We'll have some reporting coming up about the asset managers

under pressure, the impact on retail investors as well, but that is not a pretty picture there,

nor is it for software stocks. They are down yet again, big decliners today, including CrowdStrike,

Salesforce, Snowflake. We're watching Invidia 2 ahead of those earnings on Wednesday. That stock is a bright spot slightly in today's market. It's up. So is Apple. And we'll watch both of those into the closed today. It does take us to our talk of the tape, whether momentum is in fact running out of this record-setting rally. Let's ask Lauren Goodwin of New York Life Investments. She is with me here at Post 9. Nice to see you.

And you. Thanks for making it in. It feels like the market's pretty upset on the tariff front, on the tech front, the software stuff. How's it feel to you?

Yeah, look, I think we're finally seeing a moment of the market looking at that wall of worry and feeling some indigestion. And it makes sense. We've had a lot of

inconsistency around AI and software, as you've outlined. And a lot of the risks related to geopolitics

are just getting very binary for investors. That said, we still have a very constructive outlook

for this year. When you have earnings growth last quarter of 13 percent forecast for this year looking very similar to that,

a policy rate that's moving lower and a 10-year yield that's just above 4%.

It's really hard to be overly pessimistic.

But what about the now newly introduced tariff uncertainties and angry president about it?

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