The bell is bringing an end to the trading day at the NYSC, Zylam, ringing the bell and at the Nazak, Roke, doing the honors. Welcome to closing bell overtime. We are live from Studio B at the Nazak market site. I'm Melissa Lee along with Mike Santoli. Sox seeing a spike into positive territory in just the last hour of trading before reversing course. This is Israeli Prime Minister Benjamin Netanyahu

says the country is helping the U.S. open the straight of Hormuz. The Dow off about 200 points.

The S&P and NASDAQ off about a quarter percent each. Energy and tech lead while materials

and staples lag. Tech turning positive for the year. More on the stock market and energy

market straight ahead. On our radar at the closed, FedEx set to report earnings.

Will they deliver?

And a technical breakdown for gold, as well as the weight loss drug battle ramping up.

But we start with Amon Javors in Washington with the latest headlines on the Iran War

that pushed the market higher, at least a little bit off the lows in the last

hour, Amen. Yeah, that's right, Mike. We saw Prime Minister Benjamin Netanyahu of Israel in Jerusalem

making comments to reporters there. And those comments clearly getting the market's attention.

And you can go through this set of remarks line by line and sort of look at, you know, is this

comment bullish? Is this comment

bearish? You know, he said Iran has no capacity to enrich uranium or make ballistic missiles

after 20 days of war. That would seem to be an optimistic comment about, you know, the fact that

the military objectives might be near at hand. He also says there are many possibilities for

a ground component. I won't

share what they are. That, you know, maybe seems a little bit bearish. He says, we need alternative

roots that avoid Hormuz and Red Sea choke points. Again, that seems to be a bit of a

bearish sentiment given that he might be pointing to a longer conflict in the Strait of Hormuz than a lot of people

in the market had assumed.

And then there's this line.

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