The bell's bringing in end to the training day at the NYSC.

Bangi ringing the closing bell at the NASAC sake for South Asian survivors doing the honors.

Welcome to closing bell overtime. We are live from Studio V at the NASAC market site.

I'm Melissa Lee along with Mike Santoli. Sox basically flat.

The downtown about 80 points, S&P 500 off less than half a percent, but that does not tell

the story of what a very wild market day it was. Well, oil, the big driver of the market action,

it did end up down about eight, almost nine percent, had been even lower for part of the afternoon,

but came back as the White House said the Navy did not escort a tanker through the

Strait of Hormuz. There was a prior tweet that it had done so, much more on this huge and

fast-moving story coming up. And about a flat day, a little bit worse than flat for the

S&P, it probably shows more confusion and indecision than anything else. It's really a tricky one,

because you could make the plausible case coming into today

that we know the moment of maximum uncertainty is when you're supposed to be a buyer, not a seller.

Whether the complete panic surge in crude overnight Sunday was that moment or not is the big question.

I do think you could look at the way the market has acted in the last week and say, hey, maybe we just had to rebalance some of the most extended parts of the market. Foreign stocks came in much more than U.S. stocks. Semis and software kind of corrected a little bit. You saw the equal weight kind of come back to the pack for the S&P. I'm not saying that's definitely a done deal and we're off to the races,

but it really is interesting how the market wants to cling to this possibility.

Yeah, I mean, I think what is important that's happened in the past few days alone is that we've gotten a glimpse at maximum pain, which is that Sunday night trade, a hot crude at 120,

and then we got a glimpse today a couple of hours ago at what the markets could look like

should there be oil moving through. Should the worst of the crude situation be priced in?

Maybe that will give comfort for traders, for investors to stay sort of where we are within this

sort of range that we found. For sure. And I think it's easy to get lost in the complexity

and how much we don't know.

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