The bell is bringing an end to the trading day on this Friday at the NYSC, the I Have a Dream Foundation ringing the bell and at the NASAC. A GoMob therapeutics. Welcome to closing bell overtime live from Studio B at the NASAC market site. I'm Melissa Lee, along with Mike Santoli. A huge market rally today. The Dow up 1,200 points crossing the 50K mark for the first time ever at first close above 40k in May of

2024 big gains for the S&P 500 and NASAC as well the Russell 2000 up more than 3%.

The weekly numbers show a mixed picture the Dowen Russell with games the S&P modestly lower

the NASAC still down 2%. We also saw a huge bounce in Bitcoin up up more than 10% on the day, but still down for the week.

We'll be talking to longtime Crypto Bowl, Anthony Scaramucci, about whether this bounce means the bottom is in or is just a moment of temporary relief.

But we begin with today's big gains for stocks.

Christina Parts-Nevilos is looking at some of the big winners.

Christina.

Yeah, it was a big afternoon rally after a brutal week for tech and crypto.

You mentioned Bitcoin bouncing from overnight lows, lifting proxies like Coinbase, Robin Hood, micro strategy.

Look at your screen.

Double digits all across.

Bitcoin, though, and software have actually been moving in lockstep on this sell-off,

both catching a break today.

The software ETF IGB closing up about 3%.

But not everyone participated.

Amazon sold off after missing profit estimates.

Despite, or maybe because of its massive AI spending plans.

Google Parent Alphabet also closed lower today.

The Sleeper Apple, which actually managed to close higher for the week.

You can see up, well, roughly 7% on the week.

All that AI cap-back spending means one thing, chip spending.

...