Well, that's the end of regulation.

California Resources Corporation ringing the closing bell at the New York Stock Exchange,

couch-based doing the honors at the NASDAQ.

A historic day for the NASDAQ.

Closing above 20K for the first time ever.

The S&P 500, though, falling just short of a new high itself.

That is the scorecard on Wall Street, but the action is just getting started.

Welcome to closing bell overtime. I'm Morgan Brennan with John Ford.

And communication services leading the market higher. Thanks to Alphabet's ongoing surge,

health care, the biggest sector loser, though, because of United Health, which weighed heavily on the Dow.

Investors now awaiting earnings from Adobe, which are due

to be released in just a few minutes. And chair and CEO, Sean Zunei Ryan, is going to break

down those numbers exclusively with us before he dials into the analyst call. But first, let's get

right to the market action. So joining us now is Schwab senior investment strategist, Kevin Gordon,

and Evans May wealth managing partner, Brooke May. It's great to have you both here. Kevin,

you're sitting with us on set. I'm going to kick this conversation off with you as we do have

20K on the NASDAQ. Yeah. It is big tech that's really been leading the charge here recently.

And it seems like we've seen the shift back into the leadership position for the biggest names in the market. Does that continue? You know, it's interesting. It feels like

this has been something that's been going on for a while if you were to read, you know,

into the narrative and some of the feel out there and what's been reported. But really,

this has only been going on for just a couple of weeks. And I think what's been interesting is that from that mid-July peak for tech and tech-related, if you want to use the Mag 7 as sort of your

barometer for that, since really the beginning of November, there hadn't really been any progress

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