Well the S&P 500 closing below its key 4200 level first time we've seen

that since May as Megatek tumbled that's the scorecard on Wall Street

but the action is just getting started.

Welcome to Closing Bell overtime.

I'm Morgan Brennan with John Fort.

Meta and IBM, headlining another huge hour of earnings after the bell.

Service Now, Mattel and Whirlpool are also on tap.

We will also bring you all the results as soon as they are released.

Plus Meta shareholder Eric Jackson is going to react to the company's earnings and

what he wants to hear during the conference call.

All right, nearly 10% of the S&P 500 hit new 52-week lows today on a very red day across the board for Wall Street Tech slammed.

Let's get right to it.

Joining us now is G-squared Private Wealth, C.

C.M.C. contributor, Victoria, I want to, I want to start with this sell-off that we have seen.

We just talked about the S&P closing at 4189, but the Russell 2000 is well hitting a fresh 52 week low break down the market action

How much is being driven by earnings versus macro cross currents?

I think they're both, but earnings has been really on the the downside you haven't seen other than Netflix that was really the only large kept company we've seen actually have a major move up on a good positive earnings look at Microsoft today

Solid earnings great beach cloud revenue was doing all right, and they still

didn't really get a lot of uptick. Yeah, they ended up okay, but it's not like they had a huge move

up versus you're being very punished on the downside for any type of miss, especially Google's obviously slowing cloud revenue was a problem.

So it's not only your earnings have to be pristine, but your outlook has to be good.

And even if you beat everything you're supposed to beat, the market's kind of shrugging it off.

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