All right, Kelly, whether you want it or not,

welcome to closing bell.

I'm Mike Santoli in for Scott Wopter.

This make or break hour begins with the giants of the NASDAQ

stumbling and sending tremors through the rest of the tape.

Another week, Tesla quarter, as well as imperfect results,

I'd say from Alphabet, taking its toll on no stocks

and concerns about the staying power of the AI

investment boom, toppling NVIDIA, taking the Nasdak down

more than 3% for its worst day since the fall of 2022,

so essentially since the bull market began then.

Throw in some consumer slowdown worries and it revived debate

over when and how much the Federal Reserve should cut rates and it makes for some

tricky cross currents. Now the beneficiaries of this recent rotation away

from mega cap tech that would be small caps financials down industials

They've gamely tried to withstand the selling pressure with mixed results

They've been slipping over the past hour here's your scorecard with 60 minutes to go in regulation.

That is that and has that composite down 3.4 percent. The S&P 500 has not closed with a 2% daily

loss since early 2023.

That's one of the longest stretches in history

without a 2% down day.

Russell 2000 mentioned earlier.

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