Well, a late day sell-off made things interesting, sending the major averages sharply lower at the close.

That's a score card on Wall Street, but when you're stay late.

Welcome to Closing Bell Overtime. I'm John Fort with

Morgan Brennan. Well coming up this hour economist and investment firm

founder of Sanibeschloss joins us with her take on today's market pullback and

the wild card that could derail the Fed's plans next year.

Plus another bellwether earnings report is coming your way following FedEx's flop last night.

We'll get numbers from Chipmaker Micron in just a moment.

That stocks up 57% for the year.

Stocks looked like they were headed for an intra-day comeback,

but a late session air pocket drove the major averages lower.

We snapped a nine-day winning streak for both the NASDAQ and the

Dow. It was the worst day for the major averages since October. We saw the

10-year yield fall to its lowest since July as well.

C. M. C. M. C. C. Senior Markets commentator Mike Santoli

joins us now from the New York Stock Exchange with more.

Mike, I mean, 4714 is where we're settling here on the S&P 500 so down about 1.1 percent but you've

been saying it ahead of this pullback that we saw in the last hour or two hours that

we were looking at some very overbought conditions and

perhaps it was a moment where some consolidation could be happening.

Right, Morgan, so for a couple of days especially you've started to see some relatively

rare extremes just in how far and fast the market had

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