The bell is bringing an end to the trading day at the NYSC, the New York City Fire Department, ringing the bell. And at the NASAC, it's Mobia Medical. Welcome to closing bell overtime. We're live from studio be at the NASAC market site. I'm Melissa Lee, along with Mike Santoli. Stocks higher across the board, the doubt back above 50,000 just short of a record, S&P 500, 7,500 closing for the first time at that level. and the NASAC about 1% gain there.

Also a record, S&P 500, 7,500 closing for the first time at that level.

And the NASDAQ, about 1% gain there, also a record close.

And all this week, we've heard about echoes of 1999.

Add this to the evidence, Cisco leading the S&P after a blowout earnings report,

and a hotly anticipated IPO soaring in its debut.

Cerevres closing 70% higher than its IPO price,

and it had been up 100% at its highs of the day. And the two biggest chip stocks in the world

hitting all-time highs, NVIDIA and Broadcom combined market cap of nearly $8 trillion on a day

when all eyes were on the biggest tech IPO of the year, Cerebris,

of course, the chip company. So it really lifted the roots there. It did. I mean, obviously,

it sort of fed right into the dominant theme of this market. You mentioned Broadcom and

Nvidia. That was almost enough to carry us toward 75. Another percent upside in the S&P, and it's a 20% move

off the March 30th low. So it does seem as if the market's been kind of in this almost

mechanical upward grind, sucking people in that have been resistant to it. I do say today you got

some relief in some of the problem areas like banks were higher, a consumer was higher. So, you know, maybe the market's getting ready to kind of shift away from that leadership, but not quite in a big one. Yeah, it was specifically regionals that showed strength, up a percent on the session. Homebuilders also poked its head higher with a gain. And software, quietly going to 90. I mean, this has been sort of on a steady march since the IGV,

right, you know, like 74-ish or so back in February, end of February. And so here we are. It's not the software is dead if AI hardware is strong kind of. It is sure. Look, the market, it's almost as if it's listening to all the complaints and it's been an incredibly narrow rally. And it really has been if you look at momentum versus quality, it's just gone absolutely vertical. I mean, that's been the whole

story for a while right now. And it is because there are uncertainty around certain macro items. And so everyone's crowded into the stuff that seems insulated for macro. We'll see if that can last, if it can end in an elegant rotation, or we have to have a little more

of a gut check.

Yep. Speaking of momentum, shares of cerebrus ending the day up by more than 68% around $311 a share.

That's after pricing at 185, peaking above 385 in the biggest IPO so far in 2026, one of the largest

in years.

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