The bell's bringing an end to the trading day at the NYSC.

Macy is ringing the closing bell.

We're only 50 days away from the 4th of July.

And at the NASAC, the skincare brand, K-Beauty World, doing the honors. Welcome the closing bell overtime. We're live in the studio be at the NASAC market site. I'm Melissa Lee, along with Mike Santoli. Stock selling off today, the Dow down more than 500 points. the S&P 500 off by more than a percent.

The NASAC losing roughly one and a half percent. But for the week. The S&P 500 off by more than a percent. The NASDAQ losing

roughly one and a half percent. But for the week, the S&P 500 holding on to a slight gain,

and that makes it the seventh straight up week. The last time there was a longer streak was at the end of

2023. During this streak, the S&P 500 climbing from just below 6,400 to just above 7,500 yesterday.

Lots of action today in the commodity markets, oil rising and metals, especially silver and

copper, giving back their recent gains. We'll have more in commodities coming up. And of course,

a lot of action also in bond markets around the world, Mike, with yield higher. And that seemed to

be part of the

impetus of the sell-off here. For sure, yeah. So 10's going above four, four-five, sort of breaking

the upper end of this recent range. I mean, it seems on one hand just a little bit too cute to hit

$7,500 on the S&P, $50,000 on the Dow, the last day of the Fed Chair's term, you know, after a hot

AI IPO, on an options expiration, just ahead of Nvidia earnings, and have it be perfectly

scripted as a major inflection point in markets. So, you know, take it with a grain of salt,

just today down 1%, not really changing the trend at all, but it does show you that the market

has been very reliant on a few things. One of them is the unceasing AI hardware trade and then

macro remaining somewhat contained in under the surface, you're still seeing water being taken on

by the things like consumer cycle. I think also what's notable is what we did not get out of China,

and that is we did not get help from President Xi in terms of trying to end the conflict over in Iran. Both sides want to see the Strait of Hormuz open, not politicized, and yet there's no path forward there. And so with the oil prices higher and, of course, the hotter than expected CPI and PPI princes. Yes. that sort of, you know, added to all of this concern about inflation. Yeah, and also worth noting it's a global move and yields. There's a lot going on aside from just the general, maybe inflationary dynamics of, you know, supply chains and de-globalization and all the rest of it and what's going on in the UK. So, yeah, worth keeping in mind that it's, you know, it's not just what's

...