The bell is bringing an end to the trading day at the NYSD Churchill Asset Management, ringing the closing bell and at the NASAC. Sale GP doing the honors here. Welcome to closing bell overtime. We're live in Studio B at the NASDAQ market site. I'm Melissa Lee along with Mike Santoli. Sox hired today as markets react to news of a potential deal between the U.S. and Iran. Record closing highs for everything. The Dow, very small gain,

bigger moves for the S&P 500, NASAC, and the Russell 2000, more in the market straight ahead.

We have another busy hour of earnings ahead as well. Some key retail names reporting. Costco, Gap,

and American Eagle, and Dell also due out. That stock has been on a tear up more than 50% so far in May. And the cybersecurity firm, ACTA, also on our radar. Once those results come out, we will talk to the company's CEO, Todd McKinnon. First, the market action, I mean, today was an interesting day. We had reports of some sort of deal being reached that President Trump had to sign off on, that Iran says no, no deal.

And yet the markets, it's like good enough for the markets, good enough to propel memory higher,

same old trades. A lot of the market did sort of relax to the upside a little bit after those

headlines. But it's really interesting how this is playing out, because you get these incremental

reports that some kind of resolution is coming.

And so we sort of ratchet down, the de-escalation takes place.

And the market, I guess, incrementally prices it in.

So in other words, we're not due for some kind of big relief rally once we get final resolution.

Maybe we start to rotate around.

But the S&P closed just shy of that 20% up level,

19.8% off the March 30th lows. You've even started to see non-tech sectors start to kind of

get a little bit of a bid, which suggests the market is kind of moving along toward assuming

we have a near-term resolution. So I don't know if that switches the risk-reward in terms of what the news flow might bring from here,

but it's certainly, you know, apparent with a 15-plus VIX right now that this market is not under stress.

No, not at all. And the fact that the same old trades, the ones that you might say look frothy, look crazy in terms of the moves higher,

they are still going higher. I mean,

micron, two price target increases today, Sandisk also with a price target increase. They continue

going higher along with semiconductors in general. Invita continues to underperform. So it's sort of

the same theme just playing out over and over and over again. Without a doubt, along with some of the

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