Well there you have it an ugly month and an ugly third quarter that is now in the books 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 Fort coming up on today's show the shutdown and your money

we'll talk about the potential impact on defense stocks with a top analyst along

with the former Army Secretary Eric Fanning and we are also

monitoring breaking news on the shutdown as Speaker McCarthy says the House

GOP will meet this hour after a stop gap funding measure failed earlier in the day.

Yeah and also ahead your Q4 Playbook for health care.

Golden Sachs senior biotech analyst will join us with his top bets right now after a downbeat quarter for the sector.

We begin with the market as we turn the page on September and on the third quarter.

Stocks looked like they were on pace for a pop today following upbeat inflation

data this morning but those gains faded.

Here's a look at the final score for Q3.

The Nasdaq fell 4%.

The S&P 500 dropped 3.6 percent.

The Dow a little less than that, but still down 2.6 percent.

Meantime, the 10-year yield surged this quarter from 3.85 percent to over 4.5% and crude oil prices also jumped nearly 30%.

Let's bring in C.M.C. Senior market's commentator Mike Santoli for the in-memmium. the in a portfolio they were down about the same amount in the third quarter in price

terms so it showed you there wasn't a lot of relief that has been the dynamic

lately obviously as we've been talking about yields up stocks down that being said

it's still within I would argue a relatively normal

band of pullback for the equity indexes themselves and you see the sensitivity

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