The bell's bringing end to the trading day at the NYSC U-Haul, ringing the bell and at the NASDAQ acquisition doing the honors. Welcome to closing bell overtime. We're live from Studio B at the NASAC market site. I'm Melissa Lee, along with Mike Santoli. Sox higher once again today. The Dow up about 300 points, another record high. Small gains for the S&P 500 in NASDAQ. And for the third straight day, the Russell outperforming the major averages. Those gains coming as bond yields and oil both continue to back off. The tenure yield down to 4.55 from a high of 4.68% earlier this week, and oil settling at $96 a barrel. For the week, once again, the Russell 2000, the best of the bunch, the NASDAQ

up less than a percent. But for the S&P 500, that's an eight-week winning streak. We did seem

to slow down toward the close. Yeah, we did, actually. The highs were made probably around

noon or so. And even in general, over the last couple of weeks, you could say we've slowed down.

Yeah, it's an eight-week win streak. Pretty extraordinary. I always say it's more of a quirk than a fluke, meaning obviously things have to break right on the weekly close level to get that happening. But usually it doesn't happen in a vacuum. Usually it's a strong underlying trend. It usually is a rush to an absolute peak. but from two weeks ago, the S&P's up a total of 1%. Wow.

And we're... Usually it's a strong underlying trend. It usually isn't a rush to an absolute peak.

But from two weeks ago, the S&P's up a total of 1%. Wow.

And we're still a little bit down below the week ago Thursday record high.

So you basically take it as it shows you that the path of least resistance still seems to be higher,

even though maybe it gets a little tougher once we're through earnings season

and you have most people pretty bold up.

I thought what was really interesting this week was perhaps the underscoring of something

that we already knew, and that is that the A.A. trade is just moving away from the old characters.

We had Nvidia report, very good numbers. For the week, it was down, though, 4%. Sox is up 5%. Everything else in the socks

managed to move higher in a distinctive way. I mean, Arm was up 40 plus percent. Intel was up 10

percent. I mean, it's just remarkable that this sort of, this rotation away from

Nvidia continues even after its quarterly report. It really is true. And, you know, it's almost like,

oh, Nvidia, that's so 2023, right? We already gave you the $5 trillion valuation. It's done.

And the market really does keep surfing to the next wave of scarcity, pricing power,

you know, kind of upside leverage to the trend. We'll see if there's another one after the ones

we've already exploited here, because now we're reaching for quantum, which is years in the trend. We'll see if there's another one after the ones we've already exploited here

because now we're reaching for quantum,

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