The bell is ringing an end to the trading day at the NYSD, Fortune Media, ringing the bell

and at the NASAC.

It's TTM technology is doing the honors.

Welcome to closing bell overtime.

We're live from studio be at the NASAC market site.

I'm Melissa Lee, along with Mike Santoli.

Sox making small moves today.

The Dow up 200 points, small gains for the S&P 500 in NASAC, but good enough

for record highs. More on the market straight ahead. A big drop in the price of oil falling below

90 on WTI for the first time in about a month. And we've got another busy hour for earnings ahead.

Salesforce and Snowflake will give us a fresh read on the struggling software sector. Both of those

names are down

at least 20% this year. And we'll also hear from Marvell and HP, which are both up more than 25%

in a month. But as for the broader market action, Mike, when we saw oil pull back, yields breathe

a sigh of relief, and yet the market stayed within a very tight range today. Yeah, I mean, I would say it's kind of hesitating ahead of, you know, PCE, maybe some more of these earnings. It's sort of content to rotate around, but its time near the highs. You mentioned yields in oil. Credit spreads are very low. The VIX is at 16. So it seems a pretty kind of subdued backdrop. It's time to be on alert for things getting a little stretched.

I think that's fair to say. You know, the S&P 500 is like 7, 8% above its 200-day average. It can get

higher. It got to 15 in July of 24. NASDAQ 100 is much more stretched, 18% above. It's not

something that automatically says sell it, but it sets the conditions.

And I think a lot of folks, selling May has never really been the thing that's worked in a long

time. But usually some point in the summer, like in July, is when the risk reward starts to

turn against you tactically. Yeah, we do want to get to Salesforce earnings. They are out.

Sima Modi has the number. Sima. Melissa, sales earnings and revenue for the quarter well above consensus, EPS, $3.88 adjusted versus the $3.12 set estimate. If we zoom in, though, on Agent Force, it's AI Agent Platform. It now has more than a billion dollars in annual recurring revenue. So that tells us sales are continuing to trend higher on a sequential basis.

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