Lot of red on the screen.

Stock staging a late day sell-off as the major averages close,

though off session lows.

Tech really taking it on the chin.

That's the scorecard on Wall Street,

but the action's just getting started.

Welcome to Closing Bell overtime.

I'm Morgan Brennan with John Ford.

Yeah, Apple weighing heavily on the market, on a report, iPhone sales and China Plunge to start

the year.

Tech is by far the worst performing sector today

as a result of that and crypto investors getting whiplash today to Bitcoin hitting an

intraday high before staging a sharp pullback.

Now we are awaiting earnings from Crowd Strike, Box, Hashi Corp, Nordstrom and Ross

stores.

We're going to bring you all of those results as soon as they are released.

As we await those earnings though.

Let's get to our market panel.

Joining us now as vital knowledge founder Adam Chrisophoulli and

C.M.C. Senior Markets commentator Mike Santoli.

Adam, we had all the major averages finish the day down 1% or greater.

I just looking at your notes from earlier today you talk about purgatory is this

...