The bell is bringing an end to the trading day at the NYSC, Enhanced, ringing the closing bell.

And at the NASDAQ is a minister of finance of Chile. Welcome to closing bell over time. We're live from studio at the NASDAQ market site. I'm Melissa Lee along with Mike Santoli. Tech taking off today as chips rebound strongly, the Dow, the laggard. Closing near the flat line, the S&P 500 up nearly 1%. The NASAC leading the way with a gain of 1.7% more in the market straight ahead.

On our radar at the close, AI's impact on jobs, we've heard several companies cutting back,

but will AI actually increase employment?

Plus signs of stress in the consumer.

They're ordering cheaper steaks, skipping toppings on pizza. We'll dig into what

we've learned from restaurant results this week. And is Tesla's move higher this week assigned a bigger

things to come? We'll get a technician's take on that. And of course, this wraps up another

winning week for the markets. That is six in a row for both the S&P 500 and the NASAC. And Mike,

no coincidence, also six weeks in a row, very strong performance performance by the chip sector, which again is the leadership here.

It's the locomotive. The rest of the train is actually almost getting longer because it's

kind of falling further behind. It's pretty remarkable. I mean, you have to say it's overbought,

but that doesn't mean it's over yet. I think

that's always what you have to remind yourself. The NASDAQ 100, it was up 2% today at one point, closed a little bit below that level, but it's been up about a percent and a half on average the last four Fridays. It just feels as if there's this grasp for exposure to the leading themes in this market as we get closer. I'll just observe, you know, some signs that we're running hot, right?

Protocol ratio. if there's this grasp for exposure to the leading themes in this market as we get closer.

I'll just observe, you know, some signs that were running hot, right?

Put call ratios super low. RSI for the NASDAQ 100 RELA Strength Index is pretty much as high

as it's been to mid-20204. So you shouldn't be surprised if we come in just a little bit.

And then again, consumer, financials, just not keeping pace. And so you have to ask if that divergence is healthy. Yeah. What is sort of a good sign this week is that software didn't get crushed. Absolutely. Software also found a bid. So it's not the same narrative that software's winning, AI's winning in the hardware side. That's going to crush software. Maybe we're over that. We did see a couple days where Microsoft did peak its head up.

Sure. So, I don't know, maybe that expands. The software chart looks better. It looks like it's

maybe kind of made some, you know, kind of put some distance between itself and the lows. It was down

a little bit earlier today, but I do think that is true. So broadening up beyond tech, Apple, we'll talk about

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