That bell marks the end of regulation.

Meridian Equity Partners are going to closing bell at the New York Stock Exchange, the FDNY Foundation, doing the honors at the NASDAQ.

And stocks closing basically near the flat line, well off the lows of the day, well off the lows.

Anything in the green is a record for the S&P and the NASDAQ, and it looks like the S&P made it.

The producer price index number came in hotter than expected this morning, upsetting the Fed rate cut narrative that had driven the markets to record highs this week and communication services, the top sector driven by Netflix.

Consumer discretionary also

higher, but that's mostly due to Amazon's waiting in the group. And it was a wild day for

Bitcoin. Big drop this morning after Treasury Secretary Scott Besson said the government won't be

buying additional Bitcoin for a strategic reserve. Overnight, Bitcoin had hit a record high of just under 125,000.

Intel popping late in the session, more than 7% on reports.

The Trump administration is in talks to take a stake in the company.

CEO Lip Butan visited the White House, of course, earlier this week.

That is the scorecard on Wall Street, but winter stay late. Welcome to closing about overtime. I'm John Ford. Morgan Brennan is off today. Coming up, we'll dig into today's data, the market move and how it could change things for the Fed. Plus, we're awaiting results from applied materials. We're going to bring you those numbers as soon as they cross. But first, let's get

right into this market move. The stocks closed a little lower, well off the worst levels of the day.

The interest rate sensitive parts of the market were the hardest hit. Christina Parts Nevelas is at

the NASDAQ for us. Christina. John, exactly. They were just taken off earlier weakness from a key

inflation report that U.S. producer prices jump by the most in three years, suggesting broader inflation pressures may be building, and that creates a fresh challenge for the Federal Reserve. Why do I bring that up? Because rate-sensitive sectors took the biggest hit. The Russell 2000 Small Cap Index closed down over 1%. Leading losses as pretty much smaller, more leverage companies

really face pressure from potential rate concerns. That's why they're very sensitive. And then

you have home builders also struggling with higher mortgage rates, threatening to price out buyers

while driving up construction costs. Those are all factors that would play into why you can

see all of these names in the red right now.

And then there's another theme this earning season, really telling a clear story.

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