The bell's bringing in to the trading day at the NYSC. Morgan Stanley Investment Management

ringing the bell and at the NASDAQ, BHAV acquisition doing the honors. Welcome to closing

bell overtime. We're live from Studio B at the NASDAQ market site. I'm Melissa Lee along with Mike

Santoli. Sox with small gains today, but good enough for record highs for both the S&P 500 and the

NASDAQ. That makes 12 straight winning sessions for the NASDAQ.

Tomorrow, it can tie the record.

The last 13-day streak was in 1992.

We've got more on the markets just ahead.

Also, this hour earnings from Netflix and Alcoa.

We'll bring in those numbers as soon as they cross.

And we'll talk to the CEO of Alcoa about the results and the outlook for the steel

and aluminum market amid this geopolitical environment. Yeah, gentle gains today and the overall

indexes. It really kind of passes a little bit of a breather after this sprint higher.

I think market continues to benefit from the fact that even though we're up 11% and 11

trading days or whatever it is, we're only up a percent and a half since Halloween. So I still think you're benefiting from this fact that you're rebuilding valuations that got compressed. You know, the S&P's all the way back from the prior highs, but the P.E. is only halfway back. I mean, if we're going to have to go back to those highs., we saw a crush and ball. And speaking of the ones that are getting compressed in terms evaluation, Microsoft continuates. Oh, exactly. IGB continuing as well. Intel and AMD, really on breakouts here. Completely. In terms of the moves that we've seen, continuing the moves that we've seen for the past a month or so. Microsoft and Invidia are about a third of this week's gains for the S&P together. Microsoft's a 13% week to date. It's almost uncomfortable for a stock that size to get that kind of a short-term move when it seems like it's no news. It's just kind of positioning and people feeling like it got overdone to the downs. Especially before earnings. Yeah, exactly. Let's get more on the stocks making big moves today. Seaman Modi joins us now. Seema. Well, as you guys were just discussing, Melissa, the rally in chips and software, powering the NASDAG, led by Microsoft, which is now on track for its best weeks in over 10 years since 2015. The conversation on Wall Street really centering around software's ability to trend higher with earnings around the counter corner.

We have IBM in Service Now on Thursday.

Bank of America writing that sentiment had gotten too negative, even short-siller Michael Burry, writing on a substack that AI fears are overdone.

Anthropic also easing fears after unveiling a less powerful AI model to the market.

Cybersecurity and security names rallying Octa higher on an upgrade from Raymond James to outperform.

That stock hire by around 3% on the day. The best performing NASDAQ 100 stock wasn't a software name.

It was a semiconductor giant advanced micro devices hitting a new high after

Barclays says it's become more confident in AMD's pipeline, which now includes Nvidia, excuse me,

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