The bell's ringing in to the trading day at the NYSD I&Q, ringing the bell at the NASAC,

Veer, biotechnology doing the honors. Welcome to closing bell overtime. We're live in Studio B at the NASDAQ market site. I'm Melissa Lee, along with Mike Santoli. And we had another big day for stocks today. The Dow with a gain of 300 points, the S&P 500 higher by 1%. The NASAC up nearly two. The S&P 500 is now just about 10 points from the late January

record close and less than 1% from its intraday, all-time high above 7,000. Our markets team

is at the ready. Christina Parks and Nevelas on the big moves in tech, Rick Santelli on

bonds, Pippa Stevens on the drop in oil, and Steve Leesman on the efforts to get

Kevin Warsh on the Fed. A lot going on, obviously, and the market is just kind of just grab the,

you know, taking the bit in its mouth and run at this point. And I think it was always the case

that the market was going to just look for that window when it felt as if we were in a

denouement phase of the conflict.

It's all very contingent.

We know it could go either way.

But at this point, just kind of grabbing for the old themes in semis and AI is the rule.

Yeah.

I mean, meta, Google, Amazon.

I mean, all of those names were higher.

So the old playbook is back in play. And it's really a

terrible setup going into earnings season for us to levitate to these heights just before we report.

We get all the cautious commentary, which many people expect will come.

It is true. I mean, it was looking like we might have a really undemanding setup before this 10% rally off the lows, by the way, from the interday lows on March 30th, the S&P 500 is up that much.

It's also interesting. I mean, if you look at what's not almost back to the highs, industrials are more than 3% below the highs.

Equalweight consumer cyclicals have only regained about half of what they lost

during the post-Iran conflict losses. So it shows you that the market isn't really saying

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