Welcome to Closing Bell up Scott Wobner live from post nine here at the New York Stock Exchange

This make a break hour begins with three big stories on our radar this hour turmoil at

New York Community Bank shares plunging as it races to raise new capital those shares halted

multiple times today that story continuing to develop we've got the very latest

coming up Fed Chair Jerome Powell meantime on the hill the Hill. Before the Financial Services Committee in the House,

perhaps with a more dovish tone than some had expected,

stocks got a little bit of a lift off that.

The rally itself resuming but weakening as we head into this final stretch and

that's all following yesterday's steep sell-off perhaps on continued hopes today

and expectations of rate cuts sometime later this year.

We're going to bring in our experts on all of that in just a moment.

Let me show you the major averages we have been green all day, but as I said, we are weakening

as we enter the final stretch.

We're still holding on, but the Dow is only good for about 15

points. Nasdaq's been the outperformer. Cut those gains in half though. The

mega cap stocks, many of them bouncing back, but they've since gone negative.

And video is still positive moving towards $900 a share.

Meta is in the green as well.

Apple, Microsoft, Amazon, Alphabet, Tesla.

They're all red now.

How about CrowdStrike?

Those shares are sharply higher after its own earnings report.

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