The bell is bringing an end to the trading day at the NYC Costamare.

Bulkers ringing the bell and at the NASDAQ plexis doing the honors.

Welcome to closing bell overtime. We're live from Studio B at the NASDAQ market site.

I'm Melissa Lee along with Mike Santoli.

Another down day for stocks, a down 300 points, smaller losses for the S&P 500.

The NASDAQ though, turning positive,

trying to hold on to some gains here. Once again, stocks taking their cue from oil, which did

rise more than 5% on the day. Our reporters are all over the action. Christina on the market moves,

Pippa watching oil and Rick in Chicago on bonds as yields move a bit higher. Mostly flattish action, Melissa, in the

very flat. In the broader indexes, although, you know, a little bit of give and take in there.

I mean, the bank stocks, the big bank index almost breaks its 200-day average. I mean, maybe you

don't love that. But it has narrowed back out in a sense, right? The broadening market has

become a more narrow market. Things like Oracle and today, Tesla actually managing to lend some

support. And I guess it's more a matter of everybody is saying duration of the crisis is going to be

the swing factor. And they're saying it's limited, but nobody quite knows how to translate that into today's

action, today's kind of macro implications.

And if that were really the belief in the markets that it was going to be a limited sort of

short-term excursion, as President Trump liked to put it, then the release from strategic

reserves or from around the world by the IEA should have provided that bridge

for the markets to believe that crude oil would be lower and stay lower. And instead, we had

that strange bounce. So there's sort of this lurking sort of notion that we could be in for

much bigger, which nobody is positioned for, really. Not seemingly positioned for it. The market

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